Corporacion America: Capacity adjustments in Brazil and GDP slowdown to impact pax traffic

Corporacion America CEO Martín Eurnekian commented (21-May-2019) on 1Q2019 results, noting that: "In Italy, our commercial initiatives continue to bear fruit driving sustained growth in local currency revenues, while Brazil reported a mid-single digit increase in local currency revenues". Mr Eurnekian forecasts that passenger traffic in Brazil will remain impacted by airline capacity adjustments and recent reductions in 2019 GDP growth forecasts. [more - original PR]