Corporacion America Airports SA (CAAP) has released an update.
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Corporación América Airports reported a 4.2% drop in third-quarter revenue, primarily due to challenges in Argentina, but highlighted a robust cash position of $511 million. Despite a decline in passenger traffic and adjusted EBITDA, the company remains optimistic, citing strong growth in Uruguay, Brazil, and Italy and a strategic focus on expanding infrastructure. The recent approval of increased passenger fees in Argentina is expected to bolster future revenues.
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