NYSE$CAAP
Corporación América Airports SA · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
CAAP reported solid Q4 2024 results, with revenue growth driven by aeronautical and commercial segments, despite challenges in Argentina.
Corporación América Airports (CAAP) delivered robust Q4 2024 results, with consolidated revenue of $461.1 million, a 26.3% increase year-over-year. Net income attributable to owners of the parent was $34.4 million, and adjusted EBITDA ex-IFRIC12 stood at $150.8 million. The company maintained a strong liquidity position with $439.8 million in cash and cash equivalents and demonstrated financial resilience across diverse geographies, partially offsetting softness in Argentina.
- Consolidated revenue increased 26.3% YoY to $461.1 million.
- Adjusted EBITDA ex-IFRIC12 was $150.8 million, down 49.5% YoY due to prior year one-time items.
- Net income attributable to owners of the parent was $34.4 million.
- Strong liquidity position with $439.8 million in cash and net debt to LTM Adjusted EBITDA of 1.1x.
Headline financials
Revenue & EPS history
CAAP · Revenue · Quarterly
$461M
Revenue by segment
CAAP · $527M total across 2 segments · Q3 2025
- Non-aeronautical (commercial) revenues$281M—53.3%
- Aeronautical revenues$246M—46.7%
Forward guidance
CAAP remains focused on enhancing passenger experience, expanding commercial revenues, and investing in infrastructure development, while continuing to monitor macroeconomic conditions, especially in Argentina.
Tailwinds
- Passenger traffic in Argentina showed record highs in December 2024 and January 2025.
- Strong contributions from Italy, Uruguay, and Brazil operations.
- New private aviation terminal inaugurated in Punta del Este.
- Expansion projects ongoing in Argentina and Armenia.
- Continued focus on cost efficiency and revenue per passenger improvements.
Headwinds
- Macroeconomic uncertainty and currency devaluation in Argentina remain challenges.
- Domestic passenger traffic in Argentina remains under pressure.
- Inflation outpacing currency devaluation affecting profitability in Argentina.
- Reduced fuel-related revenues in Armenia impacting commercial revenue.
- Overall softness in commercial revenues offsetting part of aeronautical growth.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
+0.4%
Avg return
Earnings day
+2.1%
Avg return
5 days after
+6.1%
Avg return
30 days after
54%
15 / 28 earnings
Positive
+17.9%
Q4 2019
Best reaction
-7.7%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | -4.8% | -0.9% | — | |
| Q3 2026 | +1.7% | +13.0% | +16.0% | |
| Q4 2024 | -7.1% | -4.6% | -5.4% | |
| 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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