Jun 2026 (Q2 FY26) — Aug 18, 2026
Corporación América Airports Q2 FY26 — Diversified Portfolio Mitigates Domestic Headwinds, Declares Dividend
Read the full callCorporacion America Airports S.A. (CAAP) earnings
- Jun 2026 (Q2 FY26)
- Dec 2025
Corporacion America Airports S.A. earnings: last reported Tue, 18 Aug 2026, for the quarter ended Jun 2026.
Guidance
What management said, and what became of it
5 of 9 judged targets kept · 3 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Brasilia Airport shopping mall opening | opening planned for April 2026 | Jun 2025 | Ghosted | |
| Acesa airport runway maintenance | to last for more than 15 days | Jun 2026 | maintenance of the runways in Aeropark and Acesa, which are planned for about two days in [ Europac ] and just more than 15 days in Acesa. | New |
4 of CORPORACION AMERICA AIRPORTS S.A.'s 12 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 10 more targets are in the full ledger.
Claimed
- International traffic increased nearly 6% overall, with Armenia showing double-digit growth of 13%.
- Consolidated revenue per passenger rose nearly 9% to $22.9, reflecting stronger commercial performance.
- Commercial revenues grew 13% year-over-year, outpacing traffic figures.
- Four of the six operating segments delivered double-digit Adjusted EBITDA growth.
- Net leverage ratio declined to 0.5x from $502 million at year-end 2025, reflecting a strong financial position.
Qualified
- Adjusted EBITDA ex IFRIC 12 was down 4.5% to $160 million.
- Domestic traffic declined approximately 8% overall, primarily due to lower seat capacity in Argentina (down 12%).
- Adjusted EBITDA in Argentina declined 21%, with margin contracting 6.2 percentage points.
- Adjusted EBITDA in Uruguay declined 16%, with margin contracting 8.4 percentage points, due to non-recurring costs.
- Cargo revenues in Argentina declined due to an extraordinary bad year-over-year comparison base.
Price
$24.92 −0.68% · −$0.17
Performance +37.9% 1Y
1Y: $18.07 on 17 Oct 2025 → $24.92. High $30.35 (29 Jan 2026), low $17.76 (21 Oct 2025).
- Previous close
- $25.09
- 52-week range
- $17.76 – $30.35
- One year
- +38.68%
Overview
- Symbol
- CAAP
- Sector
- Industrials
- Industry
- Airports, Flying Fields & Airport Terminal Services
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
5 of 9 judged targets kept · 3 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Brasilia Airport shopping mall opening | opening planned for April 2026 | Jun 2025 | Ghosted | |
| Acesa airport runway maintenance | to last for more than 15 days | Jun 2026 | maintenance of the runways in Aeropark and Acesa, which are planned for about two days in [ Europac ] and just more than 15 days in Acesa. | New |
Claimed
- International traffic increased nearly 6% overall, with Armenia showing double-digit growth of 13%.
- Consolidated revenue per passenger rose nearly 9% to $22.9, reflecting stronger commercial performance.
- Commercial revenues grew 13% year-over-year, outpacing traffic figures.
- Four of the six operating segments delivered double-digit Adjusted EBITDA growth.
- Net leverage ratio declined to 0.5x from $502 million at year-end 2025, reflecting a strong financial position.
Qualified
- Adjusted EBITDA ex IFRIC 12 was down 4.5% to $160 million.
- Domestic traffic declined approximately 8% overall, primarily due to lower seat capacity in Argentina (down 12%).
- Adjusted EBITDA in Argentina declined 21%, with margin contracting 6.2 percentage points.
- Adjusted EBITDA in Uruguay declined 16%, with margin contracting 8.4 percentage points, due to non-recurring costs.
- Cargo revenues in Argentina declined due to an extraordinary bad year-over-year comparison base.
The full ledger
Open CORPORACION AMERICA AIRPORTS S.A.’s full ledger
A free account opens 5 company ledgers a month. All 12 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 13, 2026
Corporación América Airports Q1 FY26 — Strong Traffic Growth and Profitability
Read the full callDec 2025 (Q4 FY25) — Mar 17, 2026
Corporación América Airports S.A. Q4 FY25 — Record Traffic and Strong Profitability
Read the full callEvery analysed call
Corporacion America Airports S.A. earnings calls (CAAP)
Financials
What the filings say
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total liabilities | 2,623 | 2,684 | 2,600 | 2,847 | 2,973 | 2,738 | 2,663 | 2,788 |
| Fixed assets | 74 | 80 | 81 | 75 | 75 | 75 | 78 | 86 |
| Total assets | 3,845 | 3,882 | 3,406 | 3,621 | 3,836 | 3,542 | 4,181 | 4,449 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 192 | -20 | 1 | 108 | 303 | 356 | 405 | 465 |
| Cash from investing | -59 | -9 | 2 | 10 | 9 | -66 | -32 | -72 |
| Cash from financing | -66 | 25 | 91 | -4 | -234 | -202 | -271 | -235 |
| Net cash flow | 67 | -4 | 93 | 114 | 78 | 88 | 102 | 159 |
| Capital expenditure | -11 | -17 | -9 | -8 | -9 | -10 | -12 | -17 |
| Free cash flow | 181 | -37 | -8 | 100 | 294 | 347 | 393 | 449 |
CAAP operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Passenger traffic | <22MWe posted a strong performance across our operations, with nearly 22 million passengers traveling across our airports.Source: earnings call transcript | ~21MApproximately 21 million passengers traveled through our airports during the quarter, leaving total traffic broadly stable year-over-year.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
No filings in the last 12 months.
No officer, director or 10% owner of CAAP filed a Form 4 in this window. That is a statement about filings, not about ownership — see the note below.
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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