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Corporacion America Airports SA ( (CAAP) ) has shared an update.
Corporación América Airports S.A. reported a 2.7% decrease in total passenger traffic for November 2024 compared to the previous year, with a slight decline of 0.2% when excluding the discontinued Natal airport. Despite a drop in domestic passenger numbers, international passenger traffic saw a notable increase, particularly in Argentina and Italy, highlighting the company’s adaptive strategies amid ongoing challenges in the aviation sector. Cargo volume and aircraft movements also showed growth, with a 23.2% increase in cargo volume and a 7.0% rise in aircraft movements, indicating operational resilience and strategic adjustments to market demands.
More about Corporacion America Airports SA
Corporación América Airports S.A. is a leading private airport operator, managing a diverse portfolio of airports across multiple countries. The company focuses on providing comprehensive airport management services, including passenger and cargo operations, aiming to enhance connectivity and efficiency in the aviation industry.
YTD Price Performance: 28.70%
Average Trading Volume: 149,264
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.33B
For a thorough assessment of CAAP stock, go to TipRanks’ Stock Analysis page.
