CorporaciÃ³n AmÃ©rica Airports S.A. (NYSE: CAAP), the largest private sector airport operator based on the number of airports under management and the tenth largest private sector airport operator worldwide based on passenger traffic, has reported its unaudited, consolidated results for the three-month period ended March 31, 2018, the company said.
Financial results are expressed in millions of US dollars and are prepared in accordance with International Financial Reporting Standards (IFRS).
First quarter highlights include: revenues up 10.5% YoY to USD 390.9 million mainly driven by Argentina and Italy and to a lesser extent by Armenia and Uruguay; passenger traffic up 7.6% YoY to 19.6 million; cargo volume increased 14.3% to 98.6 thousand tons; and aircraft movements rose 4.0% to 213.4 thousand.
CorporaciÃ³n AmÃ©rica Airports acquires, develops and operates airport concessions. The company is the largest private airport operator in the world based on the number of airports and the tenth largest based on passenger traffic. Currently, the company operates 52 airports in 7 countries across Latin America and Europe (Argentina, Brazil, Uruguay, Peru, Ecuador, Armenia and Italy). In 2017, it served 76.6 million passengers. For more information, visit http://investors.corporacionamericaairports.com