
Corporación América Airports is upgraded to strong buy, supported by strong liquidity, a declared dividend, and improved Argentine concession terms. Despite a 14% share price decline and Q2 headwinds from Argentina's airline capacity, EBITDA and free cash flow estimates remain resilient through 2028. Concession extension to 2056, dollar-denominated tariffs, and a $600M investment commitment enhance revenue visibility but require substantial capital outlays.










