Reported Earlier, Corporación América Airports Announces Domestic Passenger Fee Increase In Argentina, From ARS2,540 To ARS5,685
Portfolio Pulse from Benzinga Newsdesk
Corporación América Airports has announced an increase in domestic passenger fees in Argentina, raising the fee from ARS2,540 to ARS5,685. This change applies to tickets issued from the resolution's publication date and for travel occurring after thirty days.
October 10, 2024 | 6:57 am
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Corporación América Airports (CAAP) has increased domestic passenger fees in Argentina, potentially boosting revenue. The fee hike from ARS2,540 to ARS5,685 applies to future travel, possibly impacting short-term stock prices positively.
The increase in passenger fees is likely to enhance CAAP's revenue from domestic flights in Argentina. This could lead to a positive short-term impact on CAAP's stock price as investors anticipate higher earnings.
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