NYSE$CAAP
Corporación América Airports SA · Q2 2024 earnings
Q2 2024 earnings · · Before market open · Investor relations
Briefing
Corporación América Airports SA reported Q2 2026 results with revenue growth and stable passenger traffic.
CAAP reported consolidated revenues of $534.0 million for the three months ended June 30, 2026, up 12.0% YoY. Revenue excluding IFRIC 12 grew 8.2% to $470.7 million. Passenger traffic was 20.6 million, down 0.6% YoY. Adjusted EBITDA ex-IFRIC 12 was $160.3 million, down 4.5% YoY. Net income attributable to owners was $52.8 million or $0.32 per share.
- Revenue ex-IFRIC 12 increased 8.2% YoY to $470.7 million driven by 13.2% commercial and 3.7% aeronautical growth.
- Passenger traffic declined 0.6% to 20.6 million; cargo volume down 1.5%.
- Adjusted EBITDA ex-IFRIC 12 fell 4.5% to $160.3 million with margin at 34.1%.
- Strong liquidity with $692.5 million cash and net debt to LTM Adj. EBITDA of 0.5x; $150M dividend approved.
Headline financials
Revenue & EPS history
CAAP · Revenue · Quarterly
$534M
Revenue by segment
CAAP · $534M total across 2 segments · Q2 2024
- Non-Aeronautical Revenues$303M—56.7%
- Aeronautical Revenues$231M—43.3%
Forward guidance
Focus on traffic growth, commercial initiatives, and new concessions; some headwinds in Argentina expected to continue.
Tailwinds
- Broad-based growth across portfolio markets
- Revenue per passenger up nearly 9%
- Strong cash position and low leverage
Headwinds
- Domestic capacity constraints in Argentina
- Challenging cargo comparison base
- Planned runway maintenance
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports
+0.1%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+5.8%
Avg return
30 days after
52%
15 / 29 earnings
Positive
+17.9%
Q4 2019
Best reaction
-7.7%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2024 | — | — | — | |
| Q1 2027 | -4.8% | -0.9% | +6.0% | |
| Q3 2026 | +1.7% | +13.0% | +16.0% | |
| Q4 2024 | -7.1% | -4.6% | -5.4% | |
| Q3 2024 | -7.3% | -2.3% | -2.7% | |
| Q4 2023 | +4.7% | +6.8% | +9.1% | |
| Q3 2023 | -3.6% | +10.5% | +34.3% | |
| Q2 2023 | +4.6% | +3.8% | +0.9% | |
| Q1 2023 | -1.9% | -2.3% | +2.3% | |
| Q4 2022 | -2.4% | +5.2% | +18.7% | |
| Q3 2022 | +5.9% | +9.3% | -4.5% | |
| Q2 2022 | +3.6% | +11.3% | +24.3% | |
| Q1 2022 | +1.3% | -1.6% | -8.4% | |
| Q4 2021 | +1.8% | +4.6% | +16.1% | |
| Q3 2021 | +1.5% | -0.5% | -6.0% | |
| Q2 2021 | -1.7% | -3.8% | +9.0% | |
| Q1 2021 | -2.9% | -7.0% | -13.4% | |
| Q4 2020 | +4.0% | +5.5% | +22.5% | |
| Q3 2020 | -7.7% | -2.6% | +27.3% | |
| Q2 2020 | -6.2% | -6.2% | -16.9% | |
| Q4 2019 | +17.9% | +10.2% | +7.6% | |
| Q1 2020 | +12.2% | +19.0% | +14.9% | |
| Q3 2019 | +1.8% | +6.8% | +35.7% | |
| Q2 2019 | -5.5% | -11.2% | -14.3% | |
| Q1 2019 | -6.5% | +1.3% | +1.7% | |
| Q4 2018 | -4.3% | +3.3% | +5.4% | |
| Q3 2018 | +1.9% | -0.1% | -21.9% | |
| Q2 2018 | +1.9% | -4.8% | +5.3% | |
| Q1 2018 | -3.6% | -5.4% | +5.9% | |
| Q4 2017 | +4.7% | -0.1% | -0.7% | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — |
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