Corporacion America qualifies Argentina market environment in 3Q2019 as 'challenging'

Corporacion America Airports reported (22-Nov-2019) 3Q2019 operations in Argentina show traffic dynamics in the country remain impacted by the challenging macro environment and the 58.2% quarterly average currency depreciation, resulting in slower growth in overall travel demand and a mix-shift from international to domestic traffic. Domestic traffic growth slowed to 10.3% from 22.1% in 2Q2019, while international traffic increased 0.9%, a slight recovery from the previous downward trend. [more - original PR]