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Corporación América Airports S.A. Reports a 3.7% YoY Increase in Total Passenger Traffic in November 2019

December 17, 2019 GMT

LUXEMBOURG--(BUSINESS WIRE)--Dec 16, 2019--

Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”) the largest private sector airport operator in the world by number of airports, reported today preliminary year-over-year passenger traffic growth of 3.7% in November 2019.

 

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights

Statistics

Nov'19 (1)

Nov'18

% Var.

YTD’19 (1)

YTD’18 (1)

% Var.

Domestic Passengers (thousands)

3,999

3,752

6.6%

43,427

40,875

6.2%

International Passengers (thousands)

2,010

1,966

2.2%

25,479

25,361

0.5%

Transit Passengers (thousands)

709

757

-6.4%

7,624

8,245

-7.5%

Total Passengers (thousands)

6,718

6,476

3.7%

76,530

74,482

2.8%

Cargo Volume (thousand tons)

39.3

39.4

-0.2%

386.0

371.9

3.8%

Total Aircraft Movements (thousands)

68.5

70.0

-2.1%

786.4

806.5

-2.5%

(1) 

Preliminary data on 750 flights in August, 873 flights in September, 547 in October and 423 in November at Brasilia Airport, due to delays in the submission of information by third parties. Moreover, the Company has reclassified its passenger traffic figures for Brasilia Airport between international, domestic and transit retroactively since June 2018 to return to the count methodology utilized until May 2018. Notwithstanding, total traffic figures remain unchanged.

Passenger Traffic Overview

Total passenger traffic in November 2019 grew by 3.7% YoY, primarily reflecting increases of 6.2% in Argentina, 6.7% in Italy, 9.4% in Armenia, and 4.1% in Ecuador, partially offset by declines in Brazil and Uruguay.

In Argentina, total passenger traffic increased 6.2% YoY, reflecting growth of 9.2% in domestic passengers as a result of the new routes introduced during 2018 and 2019, together with a mix-shift to domestic from international travel by local passengers. International passenger traffic declined 0.9%, reflecting weak macro conditions in the country. In addition, Jet Smart started a new route between El Palomar and Ushuaia airports. Moreover, Latam Airlines added a new weekly route to Mount Pleasant, Islas Malvinas, from Sao Paulo, Brazil, via Córdoba Airport.

In Italy, passenger traffic increased 6.7% YoY, driven by growth of 11.9% at Florence Airport, due to an increase of 14.4% in international traffic reflecting the four new routes opened in September by Vueling and additional frequencies in existing routes. Additionally, passenger traffic at Pisa Airport increased 3.5% YoY, driven by additional flights by Ryanair, and, to a lesser extent, new flights by Ernest Airlines. In addition, Air Arabia started a new route to Casablanca, Morocco, operating from Pisa Airport.

In Brazil, estimated figures are disclosed given delays in the submission of information for 423 flights out of a total of 13,898 flights, due to information systems transition by third parties. The Company has reclassified its passenger traffic figures for Brasilia Airport between international, domestic and transit retroactively since June 2018 to return to the count methodology utilized until May 2018. Total traffic figures, however, remain unchanged. Passenger traffic declined 2.3% YoY, still reflecting the cessation of operations by Avianca Brasil, partially offset by traffic growth driven by other airlines. Domestic passengers increased 1.9% YoY, signaling a continued slight recovery from the downward trend earlier in the year, while international passenger traffic increased 3.5% YoY. In addition, during November both Gol and Latam airlines increased domestic frequencies, in an effort to restore capacity at Brasilia Airport. Moreover, Latam Airlines started a new international route to Lima, Perú, operated from Brasilia Airport, with three weekly flights.

In Armenia, total passenger traffic increased 9.4%, benefiting from the addition of several routes and frequencies during 2018 and 2019 and increased connectivity to Moscow, Russia coupled with the good performance of Azimuth Airlines’ flights to Russian destinations Krasnodar and Rostov and Aircompany Armenia’s flights to regional destinations.

In Uruguay, passenger traffic declined 11.0% YoY, mainly reflecting the temporary cancellation of Avianca Colombia’s daily route to Bogotá, Colombia, anticipated to be restored in December. Traffic also reflects a decline in flights to Aeroparque, Argentina, given the continued weak macro environment in that country and flight cancellations to Chile given the continued social unrest in the country. This was partially offset by the two additional frequencies to Madrid, Spain, opened by Iberia in July 2019.

In Ecuador, total passenger traffic increased 4.1% YoY, driven by a 12.9% increase in international traffic, mainly reflecting the continued good performance of the route to Fort Lauderdale by JetBlue together with Interjet’s daily routes to both Cancún and Ciudad de México, México, opened in October.

Cargo Volume and Aircraft Movements

Cargo volume remained relatively flat in November 2019 mainly as a result of declines of 4.1% in Argentina and 23.7% in Ecuador, partially offset by increases of 19.2% in Brazil and 39.7% in Armenia.

Aircraft movements declined 2.1% YoY in November 2019, driven by declines of 6.9% in Brazil and 2.4% in Argentina, partially offset by increases of 5.2% in Italy and 13.6% in Armenia.

Summary Passenger Traffic, Cargo Volume and Aircraft Movements

 

Nov'19 (1)

Nov'18

% Var.

YTD’19

YTD’18

% Var

Passenger Traffic (thousands)

Argentina

3,441

3,239

6.2%

39,179

36,362

7.7%

Italy

518

486

6.7%

7,722

7,685

0.5%

Brazil

1,676

1,716

-2.3%

17,298

18,471

-6.4%

Uruguay

162

182

-11.0%

1,993

2,099

-5.1%

Ecuador

373

359

4.1%

4,117

4,056

1.5%

Armenia

236

216

9.4%

2,958

2,632

12.4%

Peru

312

280

11.5%

3,263

3,177

2.7%

TOTAL

6,718

6,476

3.7%

76,530

74,482

2.8%

(1) Preliminary data on 750 flights in August, 873 flights in September, 547 in October and 423 in November at Brasilia Airport, due to delays in the submission of
       information by third parties.

Cargo Volume (tons)

 

 

 

 

 

 

Argentina

22,370

23,315

-4.1%

208,958

217,885

-4.1%

Italy

1,212

1,132

7.0%

12,035

10,674

12.8%

Brazil

7,559

6,343

19.2%

83,061

59,539

39.5%

Uruguay

2,688

2,845

-5.5%

24,167

25,306

-4.5%

Ecuador

2,896

3,793

-23.7%

34,963

37,708

-7.3%

Armenia

2,168

1,552

39.7%

18,159

16,395

10.8%

Peru

438

414

5.9%

4,655

4,433

5.0%

TOTAL

39,331

39,394

-0.2%

385,998

371,939

3.8%

Aircraft Movements

 

 

 

 

 

 

Argentina

35,726

36,594

-2.4%

410,372

410,954

-0.1%

Italy

5,107

4,855

5.2%

73,936

72,725

1.7%

Brazil

13,898

14,921

-6.9%

147,234

168,607

-12.7%

Uruguay

2,318

2,487

-6.8%

26,526

30,244

-12.3%

Ecuador

6,866

6,796

1.0%

75,273

72,641

3.6%

Armenia

2,164

1,905

13.6%

25,186

22,044

14.3%

Peru

2,450

2,444

0.2%

27,901

29,291

-4.7%

TOTAL

68,529

70,002

-2.1%

786,428

806,506

-2.5%

To obtain the full text of this press release, please click on the following link: http://investors.corporacionamericaairports.com

About Corporación América Airports

Corporación América Airports acquires, develops and operates airport concessions. Currently, the Company operates 52 airports in 7 countries across Latin America and Europe (Argentina, Brazil, Uruguay, Peru, Ecuador, Armenia and Italy). In 2018, Corporación América Airports served 81.3 million passengers. The Company is listed on the New York Stock Exchange where it trades under the ticker “CAAP”. For more information, visit http://investors.corporacionamericaairports.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191216005856/en/

CONTACT: Investor Relations Contact

Gimena Albanesi

Email:gimena.albanesi@caairports.com

Phone: +5411 4852-6411

KEYWORD: BRAZIL LUXEMBOURG ARMENIA ITALY SOUTH AMERICA ARGENTINA ASIA PACIFIC EUROPE URUGUAY

INDUSTRY KEYWORD: AIR TRANSPORTATION TRANSPORT DESTINATIONS TRAVEL

SOURCE: Corporación América Airports S.A.

Copyright Business Wire 2019.

PUB: 12/16/2019 09:13 PM/DISC: 12/16/2019 09:13 PM

http://www.businesswire.com/news/home/20191216005856/en