Corporacion America Airports(US:CAAP)2023-08-18 19:53Financial Performance - Adjusted EBITDA reached $151 million, a 27% increase compared to 2Q19[7] - Revenue per PAX exceeded pre-pandemic levels, reaching $18.5 in 2Q23 compared to $15.6 in 2Q19[16] - Adjusted EBITDA margin ex-IFRIC12 expanded to 40.9%, up 3.2 percentage points from 2Q19[14, 29] - Total liquidity position increased to $512 million as of June 30, 2023, from $452 million at the end of 2022[26] Traffic and Revenue Growth - Passenger traffic reached 19.7 million, a 20% increase compared to 2Q22 and a 17% increase compared to 2Q19[7] - Total revenues ex-IFRIC increased by 20% year-over-year and 17% compared to 2Q19[22] - Commercial revenues increased by 16% year-over-year and 39% compared to 2Q19[22] - Cargo volume increased by 3% year-over-year, but decreased by 14% compared to 2Q19[15] Debt and Leverage - Net debt stood at $1 billion[7, 8] - Net leverage ratio declined to 1.8x as of June 2023[9, 28] Regional Performance - Argentina's passenger traffic reached 98% of July 2019 levels[17] - Uruguay's passenger traffic reached 95% of July 2019 levels[17] - Brazil's passenger traffic reached 88% of July 2019 levels[17]