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Press release content from Business Wire. The AP news staff was not involved in its creation.

Corporación América Airports S.A. Reports October 2021 Passenger Traffic

November 16, 2021 GMT

LUXEMBOURG--(BUSINESS WIRE)--Nov 15, 2021--

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 a 204.0% YoY increase in passenger traffic in October 2021, and a 41.6% decline when compared to the same period of 2019.

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2021 vs. 2020)

Statistics

Oct'21

Oct'20

% Var.

 

YTD’21

YTD'20 (1)(2)(3)

% Var.

Domestic Passengers (thousands)

2,643

808

227.2%

 

16,649

12,245

36.0%

International Passengers (thousands)

1,010

241

318.6%

 

6,086

6,444

-5.6%

Transit Passengers (thousands)

513

321

59.6%

 

3,879

2,790

39.0%

Total Passengers (thousands)

4,167

1,371

204.0%

 

26,614

21,479

23.9%

Cargo Volume (thousand tons)

30.5

23.2

31.5%

 

262.4

206.7

27.0%

Total Aircraft Movements (thousands)

51.0

25.4

100.6%

 

386.2

292.6

32.0%

 

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2021 vs. 2019)

Statistics

Oct'21

Oct'19 (1)

% Var.

 

YTD’21

YTD'19 (1)(3)

% Var.

Domestic Passengers (thousands)

2,643

4,035

-34.5%

 

16,649

39,498

-57.8%

International Passengers (thousands)

1,010

2,378

-57.5%

 

6,086

23,968

-74.6%

Transit Passengers (thousands)

513

717

-28.4%

 

3,879

6,915

-43.9%

Total Passengers (thousands)

4,167

7,130

-41.6%

 

26,614

70,381

-62.2%

Cargo Volume (thousand tons)

30.5

38.8

-21.4%

 

262.4

348.9

-24.8%

Total Aircraft Movements (thousands)

51.0

72.6

-29.7%

 

386.2

717.9

-46.2%

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(1)

Note that preliminary passenger traffic figures for 2019, as well as January 2020 for Ezeiza Airport, in Argentina, were adjusted to include additional inbound passengers not accounted for in the initial count, for an average of approximately 5% of total passenger traffic at Ezeiza Airport and 1% of total traffic at CAAP, during that period. Importantly, inbound traffic does not affect revenues, as tariffs are applicable on departure passengers.

(2)

Preliminary data on 1,256 flights in January 2020 at Brasilia Airport, due to delays in the submission of information by third parties.

(3)

Cargo volumes in Uruguay were rectified from January 2019 to June 2020, to reflect all cargo passing through the cargo terminal, instead of air cargo only.

Passenger Traffic Overview

Total passenger traffic in October 2021 grew 2.0x compared to the same period of last year, driven by increases across all countries of operations, particularly in Argentina, reflecting easier comparisons due to tougher travel restrictions in the year ago period. When compared to 2019, overall passenger traffic declined 41.6%, impacted by the COVID-19 pandemic, though consistently improving from the decline of 75.7% recorded in April. International and domestic passenger traffic dropped 57.5% and 34.5%, respectively, from pre-pandemic levels of October 2019.

In Argentina, total passenger traffic increased 18.7x YoY. Against October 2019, overall passenger traffic declined 56.2%, with international passenger traffic decreasing 81.5%, impacted by tight government restrictions to international flights, including a limit of 2,300 arriving international passengers per day for most part of the month, while borders remained closed to non-resident foreigners, with limited exceptions. Domestic passenger traffic, which has no restrictions, declined 44.4% compared to 2019, improving sequentially from the decline of 53.4% recorded in September.

In Italy, where the recovery continued throughout the year, passenger traffic grew 211.2% YoY. When compared to October 2019, passenger traffic declined 41.1%, improving from the 47.7% drop reported in September, which benefited from the summer season in the region. International passenger traffic continued to improve sequentially, decreasing 46.7% in October 2021 against the same month in 2019, whereas domestic traffic stood at over 80% of pre-pandemic levels.

In Brazil, total passenger traffic was up 46.1% YoY. Compared to the same month in 2019, overall passenger traffic declined 20.9%, showing a continued improvement from the 69.1% drop posted in April 2021, reflecting better sanitary conditions in the country, advanced vaccination roll-out and increased passenger demand.

Total passenger traffic in Uruguay increased 3.5x YoY. Against October 2019, passenger traffic was down 64.5% but continued to improve sequentially, benefiting from the partial opening of borders, effective September 1. Noteworthy, starting November 1, 2021, borders are fully re-open to all foreigners who present a full vaccination certificate and a negative Covid test.

In Ecuador, passenger traffic increased 1.6x YoY. When compared to the same months of 2019, total traffic in October 2021 declined 21.7% showing a strong improvement since the 64.8% decline posted last April. International passenger traffic decreased 18.0%, recovering strongly from the 58.8% drop reported in March 2021 against 2019. Domestic passenger traffic, in turn, declined 26.2% against October 2019, showing a recovery versus the 32.7% decline posted in September.

In Armenia, total passenger traffic increased 5.6x YoY. Compared to October 2019, passenger traffic continued with its positive recovery trend reaching almost 90% of pre-pandemic levels, despite lower tourism activity in the reported month.

Cargo Volume and Aircraft Movements

Cargo volume increased 31.5% YoY. When compared to October 2019, total cargo volume dropped 21.4%, mainly driven by decreases in Argentina and Brazil. While cargo volume in Uruguay was almost at the same level than the same month of 2019, Italy reported higher cargo volume during that period.

Aircraft movements increased 100.6% YoY. When compared to October 2019, Aircraft movements declined 29.7%, mainly as a result of a 37.3% decrease in Argentina.

Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2021 vs. 2020)

 

Oct'21

Oct'20

% Var.

 

YTD'21

YTD'20

% Var.

Passenger Traffic (thousands)

 

 

 

 

 

 

 

Argentina (1)

1,554

79

1874.2%

 

9,238

9,141

1.1%

Italy

455

146

211.2%

 

2,185

1,889

15.7%

Brazil (2)

1,325

907

46.1%

 

9,464

6,954

36.1%

Uruguay

59

13

349.4%

 

287

572

-49.7%

Ecuador

283

107

163.6%

 

1,946

1,274

52.7%

Armenia

266

40

558.7%

 

1,971

717

174.7%

Peru

224

78

189.3%

 

1,523

932

63.4%

TOTAL

4,167

1,371

204.0%

 

26,614

21,479

23.9%

(1) See Footnote 1 in previous table. (2) See Footnote 2 in previous table. (3) See Footnote 3 in previous table.

Cargo Volume (tons)

 

 

 

 

 

 

 

Argentina

17,224

13,882

24.1%

 

140,924

116,580

20.9%

Italy

1,306

1,167

11.9%

 

12,247

10,669

14.8%

Brazil

4,928

2,260

118.1%

 

50,064

26,868

86.3%

Uruguay (3)

2,637

2,404

9.7%

 

24,696

24,483

0.9%

Ecuador

2,278

1,464

55.6%

 

18,514

13,335

38.8%

Armenia

1,777

1,835

-3.2%

 

13,438

13,217

1.7%

Peru

319

154

106.9%

 

2,497

1,516

64.7%

TOTAL

30,468

23,165

31.5%

 

262,380

206,668

27.0%

Aircraft Movements

 

 

 

 

 

 

 

Argentina

22,921

7,657

199.3%

 

173,245

131,472

31.8%

Italy

5,430

2,869

89.3%

 

31,808

27,672

14.9%

Brazil

11,616

8,697

33.6%

 

92,546

70,477

31.3%

Uruguay

1,730

742

133.2%

 

12,137

11,219

8.2%

Ecuador

5,437

3,576

52.0%

 

44,557

32,647

36.5%

Armenia

2,122

820

158.8%

 

17,516

8,785

99.4%

Peru

1,773

1,072

65.4%

 

14,357

10,308

39.3%

TOTAL

51,029

25,433

100.6%

 

386,166

292,580

32.0%

Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2021 vs. 2019)

 

Oct'21

Oct'19

% Var.

 

YTD'21

YTD'19

% Var.

Passenger Traffic (thousands)

 

 

 

 

 

 

 

Argentina (1)

1,554

3,548

-56.2%

 

9,238

36,307

-74.6%

Italy

455

773

-41.1%

 

2,185

7,204

-69.7%

Brazil (2)

1,325

1,675

-20.9%

 

9,464

15,622

-39.4%

Uruguay

59

167

-64.5%

 

287

1,831

-84.3%

Ecuador

283

361

-21.7%

 

1,946

3,744

-48.0%

Armenia

266

298

-10.9%

 

1,971

2,723

-27.6%

Peru

224

309

-27.3%

 

1,523

2,951

-48.4%

TOTAL

4,167

7,130

-41.6%

 

26,614

70,381

-62.2%

(1) See Footnote 1 in previous table. (2) See Footnote 2 in previous table. (3) See Footnote 3 in previous table.

Cargo Volume (tons)

Argentina

17,224

22,211

-22.5%

 

140,924

186,588

-24.5%

Italy

1,306

1,256

3.9%

 

12,247

10,823

13.2%

Brazil

4,928

7,140

-31.0%

 

50,064

75,501

-33.7%

Uruguay (3)

2,637

2,702

-2.4%

 

24,696

23,685

4.3%

Ecuador

2,278

2,707

-15.9%

 

18,514

32,067

-42.3%

Armenia

1,777

2,295

-22.6%

 

13,438

15,991

-16.0%

Peru

319

446

-28.5%

 

2,497

4,217

-40.8%

TOTAL

30,468

38,757

-21.4%

 

262,380

348,873

-24.8%

Aircraft Movements

 

 

 

 

 

 

 

Argentina

22,921

36,582

-37.3%

 

173,245

374,646

-53.8%

Italy

5,430

7,315

-25.8%

 

31,808

68,829

-53.8%

Brazil

11,616

14,047

-17.3%

 

92,546

133,336

-30.6%

Uruguay

1,730

2,083

-16.9%

 

12,137

24,208

-49.9%

Ecuador

5,437

7,449

-27.0%

 

44,557

68,407

-34.9%

Armenia

2,122

2,598

-18.3%

 

17,516

23,022

-23.9%

Peru

1,773

2,514

-29.5%

 

14,357

25,451

-43.6%

TOTAL

51,029

72,588

-29.7%

 

386,166

717,899

-46.2%

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 2019, Corporación América Airports served 84.2 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/20211115006362/en/

CONTACT: Investor Relations Contact

Patricio Iñaki Esnaola

Email:patricio.esnaola@caairports.com

Phone: +5411 4899-6716

KEYWORD: NEW YORK ITALY LUXEMBOURG SOUTH AMERICA BRAZIL NORTH AMERICA UNITED STATES ARMENIA ASIA PACIFIC ARGENTINA EUROPE ECUADOR

INDUSTRY KEYWORD: AIR TRANSPORT OTHER TRAVEL TRANSPORTATION VACATION DESTINATIONS TRAVEL

SOURCE: Corporación América Airports S.A.

Copyright Business Wire 2021.

PUB: 11/15/2021 08:22 PM/DISC: 11/15/2021 08:22 PM

http://www.businesswire.com/news/home/20211115006362/en