Corporacion America Airports Announces 1Q21 Results financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.
Three Months Ended March 31, 2021 Results
Net Loss was $69.7 million compared to a Net Loss of $22.6 million in 2020. Net Loss for the three months ended March 31, 2021 includes $24.0 million of property and equipment impairment losses.
Adjusted Net Loss
Owned Resort EBITDA decreased 89.2% versus 2020 to $6.5 million.
Adjusted EBITDA decreased 105.0% versus 2020 to $(2.5) million.
(1)
Adjusted Net Income/(Loss) excludes special items, which are those items deemed not to be reflective of ongoing operations. See Definitions of Non-U.S. GAAP Measures and Operating Statistics for a description of how we compute Adjusted Net Income/(Loss) and other non-GAAP financial figures included in this press release. The first quarter finished on a strong note despite the change in international travel guidelines issued in January by the CDC. March was a very important milestone for Playa s recovery journey: it was the first month since the onset of the