Corporacion america airports sa says q4 rev rose 2.4% to 380.1 mln usd

Q4 revenue rose 2.4 percent to 380.1 million usd.q4 passenger traffic up 1.8% yoy to 20.9 million.q4 cargo volume decreased 3.9% to 114.0 thousand tons.corporacion america airports - co's operations have been severely impacted by introduction of flight restrictions, flight bans in many other countries.passenger traffic in italian operations started to decline late feb due to impact of covid-19.in march preliminary traffic is estimated to have declined about 45% yoy due to impact of covid-19.corporacion america airports-due to covid-19, co is reducing salary, suspending salary increases and freezing new hiring.in italy and uruguay, employees under furlough are receiving government unemployment subsidies.started discussions with regulatory agencies to renegotiate concession fees payments to align to current environment.cancelled all non-mandatory capital investments and deferred non-priority projects.suspended dividends to third parties in concessions in italy and ecuador for an amount of 17 million dollars.corporacion america airports -expects total cash operating costs,expenses excluding concession fees to be down by about 43% based on estimates for 2q20.obtained 6-month deferral of principal and interest payments until oct of all our debt in brazil.corporacion america airports - currently does not pay corporate dividends and does not have in place a share repurchase program either.
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