Outlook
- Company expects new routes and growing inbound demand to support international traffic in Argentina in H2
- Domestic airline capacity constraints and runway maintenance may weigh on Argentina's near-term results
- In Uruguay, new ILS system revenues and healthy traffic trends expected to support revenue growth
Result drivers
- Commercial and aeronautical revenue - Co said Q2 revenue growth was driven by a 13.2% rise in commercial revenue and a 3.7% increase in aeronautical revenue
- Argentina and Uruguay headwinds - Co said profitability was affected by reduced airline capacity and tough cargo comparison in Argentina, and non-recurring costs in Uruguay
- Portfolio diversification - Co said double-digit EBITDA growth in Italy, Brazil, Armenia and Ecuador helped offset declines in Argentina and Uruguay
Quarterly results
- Airport operator's Q2 revenue rose 8% yr/yr, beating analyst expectations
- Adjusted EBITDA for Q2 declined 4.5% yr/yr and missed analyst estimates
- Company announced $150 mln dividend for 2026, citing strong liquidity
Key details and analyst coverage
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