Passenger traffic up 6.6% YoY in Argentina and
18.5% in Armenia, further supported by growth across most
geographies
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 5.8% in August 2018.
Passenger Traffic, Cargo
Volume and Aircraft Movements Highlights
Statistics Ago’18 Ago’17
% Var. YTD’18 YTD’17 %
Var Domestic Passengers (thousands) 4,103 3,687
11.3% 29,362 26,953 8.9% International
Passengers (thousands) 2,526 2,521 0.2% 18,714
18,046 3.7% Transit Passengers (thousands) 766
779 -1.6% 5,920 5,320 11.3%
Total
Passengers (thousands) 7,395 6,987
5.8% 53,996 50,319
7.3% Cargo Volume (thousand tons) 31.2
31.1 0.3% 259.1
237.0 9.4% Total Aircraft Movements
(thousands) 79.9 76.8
4.1% 587.6 562.1 4.6%
Passenger Traffic
Overview
Total passenger traffic in August 2018 increased by 5.8%
YoY, primarily reflecting growths of 6.6% in Argentina, 18.5% in
Armenia, 4.3% in Italy and 2.3% in Brazil.
In Argentina, passenger traffic increased 6.6% YoY, mainly
driven by a 15.1% growth in domestic traffic, partially offset by
declines of 7.1% and 10.9% in international and transit passengers,
respectively, reflecting more challenging macro conditions.
Domestic traffic benefited from the incorporation of several new
frequencies to existing routes, both domestic and international,
that were added over the past 12 months. Several new airlines have
announced they will start operating during the next months:
Norwegian airlines plans to open seven domestic routes, Chilean
low-cost company JetSmart expects to open international routes from
Santiago de Chile and La Serena to three provinces in Argentina and
LASA Airlines anticipates it will inaugurate domestic and
international routes, operating from Neuquén Airport.
In Armenia, passenger traffic at Zvartnots Airport increased
during this month mainly due to the increase in international
passengers coming from the US during summer season. This increase
was partially offset by a decrease in passengers coming from Russia
and other European destinations. In Shirak Airport, passenger
traffic benefited from the opening of new routes to new
destinations in Russia.
In Italy, passenger traffic increased 4.3% YoY. Pisa Airport
continued to reflect a considerable increase in passengers
travelling to Russia, and at Florence Airport, the new route to
Lisbon, Portugal, opened last June, continued to perform very
well.
In Brazil, passenger traffic at Brasilia Airport increased 3.1%
YoY, driven by the addition of new frequencies to existing routes
in several domestic destinations by Gol, Latam and Azul. Moreover,
Gol announced the opening of a new international route, that is
expected to open in December, with six weekly flights between
Brasilia, Brazil and Buenos Aires, Argentina.
In Uruguay, passenger traffic declined 6.0% mainly due to
currency depreciation in neighboring countries Brazil and
Argentina, which resulted in a decrease in passengers.
Cargo Volume and Aircraft
Movements
Cargo volume remained relatively flat in August 2018.
Brazil posted a 19.0% YoY increase, followed by an 11.0% increase
in Ecuador. On the contrary, cargo volume declined by 9.3% in
Armenia, due to reduced export activity to countries with political
instability. In Argentina, cargo volume declined 4.9% YoY due to
macro conditions.
Aircraft movements increased by 4.1% in August 2018
mainly driven by Peru and Armenia, which increased 19.3% and 10.9%,
respectively, followed by Argentina, with an increase of 6.7%.
Summary Passenger Traffic, Cargo
Volume and Aircraft Movements
Ago’18 Ago’17 %
Var. YTD’18 YTD’17 % Var.
Passenger Traffic (thousands)
Argentina
3,507 3,290 6.6% 26,263 24,191 8.6%
Italy 917 880 4.3% 5,599 5,436
3.0% Brazil 1,693 1,655 2.3% 13,468
12,720 5.9% Uruguay 171 182 -6.0% 1,552
1,530 1.4% Ecuador 417 383 8.9%
2,939 2,786 5.5% Armenia 347 293
18.5% 1,873 1,664 12.6% Peru 344 305
12.6% 2,301 1,992 15.5%
TOTAL
7,395 6,987 5.8% 53,996
50,319 7.3%
Cargo Volume (tons)
Argentina 17,386 18,290 -4.9% 151,881
135,865 11.8% Italy 695 546 27.3% 7,469
6,961 7.3% Brazil 5,439 4,571
19.0% 40,787 35,151 16.0% Uruguay 2,044
2,145 -4.7% 17,532 17,847 -1.8% Ecuador
3,168 2,855 11.0% 26,951 23,009 17.1%
Armenia 2,039 2,248 -9.3% 11,336 14,881
-23.8% Peru 428 462 -7.2% 3,193
3,259 -2.0%
TOTAL 31,199
31,116 0.3% 259,148
236,974 9.4% Aircraft Movements
Argentina 40,494 37,941 6.7%
298,659 277,892 7.5% Italy 8,467 8,247
2.7% 53,049 53,513 -0.9% Brazil 15,809
16,367 -3.4% 123,376 122,007 1.1%
Uruguay 2,362 2,393 -1.3% 22,871 22,218
2.9% Ecuador 7,147 6,941 3.0% 52,141
53,802 -3.1% Armenia 2,504 2,258
10.9% 15,886 14,317 11.0% Peru 3,141
2,632 19.3% 21,666 18,309 18.3%
TOTAL
79,924 76,779 4.1%
587,648 562,058 4.6%
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. The Company is the largest private airport
operator in the world by the number of airports and the tenth
largest based on passenger traffic. Currently, the Company operates
52 airports in 7 countries across Latin America and Europe
(Argentina, Brazil, Uruguay, Peru, Ecuador, Armenia and Italy). In
2017, Corporación América Airports served 76.6 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180917005848/en/
Corporación América Airports S.A.Gimena Albanesi, +5411
4852-6411gimena.albanesi@caairports.com
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