Corporación América Airports Reports Q2 2026 Earnings and Outlines Strategic Initiatives
Corporación América Airports S.A. reported a 4.5% decline in adjusted EBITDA for the second quarter of 2026, primarily due to lower cargo revenues in Argentina following elevated levels from labor disruptions in 2025. Domestic traffic in Argentina dropped by 12%, attributed to Flybondi's reduced fleet and higher fuel costs rather than weak demand. International passenger growth remained strong across its portfolio, with Armenia seeing a 13% increase despite regional aerospace restrictions. The company maintained financial strength with a net leverage ratio of 0.5x, enabling it to distribute a $150 million dividend while pursuing new concessions and capital expenditures in key markets like Armenia. Operational costs were affected by non-recurring expenses related to infrastructure upgrades in Uruguay. Management expects domestic capacity recovery in Argentina as other airlines expand their fleets. Looking ahead, the company is focused on economic rebalancing of its Argentine concession and securing final approval for a master plan at Florence Airport in Italy. It also aims to secure new concessions globally, including Hurghada Airport in Egypt.
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