Corporación América Airports S.A. Reports September 2023 Passenger Traffic; Total Passenger Traffic Up 15.7% YoY Reaching 99% Of Pre-Pandemic Levels
Portfolio Pulse from Benzinga Newsdesk
Corporación América Airports S.A. (NYSE:CAAP) reported a 15.7% YoY increase in passenger traffic in September 2023, reaching 98.9% of September 2019 levels. The company's operations in Armenia, Ecuador, Argentina, and Italy have surpassed September 2019 levels. Aircraft movements were 1.3% above September 2019.
October 18, 2023 | 8:41 pm
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Corporación América Airports S.A. reported a significant increase in passenger traffic, indicating a strong recovery from the pandemic. This could potentially lead to increased revenues and profitability.
The increase in passenger traffic for CAAP indicates a strong recovery from the pandemic. This could potentially lead to increased revenues and profitability, which could positively impact the company's stock price in the short term.
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IMPORTANCE 80
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