Corporación América Airports S.A. Reports November 2024 Passenger Traffic
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Corporación América Airports S.A. (NYSE: CAAP) reported a 2.7% year-on-year decrease in passenger traffic for November 2024. Excluding Natal, the decrease was 0.2% YoY.
December 17, 2024 | 1:45 pm
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NEGATIVE IMPACT
Corporación América Airports reported a 2.7% decrease in passenger traffic for November 2024 compared to the previous year. Excluding Natal, the decrease was 0.2%.
The reported decrease in passenger traffic could negatively impact CAAP's short-term stock price as it suggests a decline in revenue potential. The exclusion of Natal shows a smaller decrease, but the overall trend is negative.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100