Passenger traffic up 7.4% YoY in Argentina and
3.0% in Brazil, 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 5.2% in December
2018.
Passenger Traffic, Cargo Volume and
Aircraft Movements Highlights
Statistics
Dec’18
Dec’17
% Var. YTD’18 YTD’17 %
Var Domestic Passengers (thousands) 3,919 3,554
10.3 % 44,962 41,306 8.9 % International
Passengers (thousands) 2,108 2,096 0.6 %
27,427 26,899 2.0 % Transit Passengers (thousands)
778 819 -5.0 % 8,910 8,408 6.0 %
Total Passengers (thousands) 6,805
6,468 5.2 % 81,300
76,612 6.1 % Cargo Volume (thousand
tons) 38.1 39.5 -3.4
% 410.1 389.8 5.2
% Total Aircraft Movements (thousands)
74.1 71.8 3.1 %
880.6 851.3 3.4 %
Passenger Traffic
Overview
Total passenger traffic in December 2018 increased by
5.2% YoY, primarily reflecting growth of 7.4% in Argentina, 3.0% in
Brazil, and 6.7% in Ecuador.
In Argentina, total passenger traffic increased 7.4% YoY, mainly
driven by 15.2% growth in domestic passengers, partially offset by
declines of 3.4% and 10.3% in international and transit passengers,
respectively, which continues to reflect challenging macro
conditions. International traffic in Argentina, however, posted an
improvement from prior months as foreign tourism increased,
combined with pre-sales of air travel tickets that took place
before the peso devaluation along with installment sales offered by
some airlines. In addition, American Airlines began operating a
direct flight to Los Angeles from Ezeiza Airport, and Gol airlines
started a flight to Brasilia Airport. Moreover, FlyBondi launched
international routes from El Palomar to Punta del Este, Uruguay,
and Asunción, Paraguay, and Chilean low-cost carrier JetSmart
started operations with four international routes from Santiago de
Chile and La Serena to Córdoba, Mendoza and El Palomar.
Furthermore, Norwegian Air Argentina continued to open new domestic
routes in the period, with daily frequencies to Bariloche.
In Brazil, passenger traffic increased 3.0% YoY, driven by 7.1%
growth in domestic traffic reflecting the addition of new
frequencies to existing routes in several destinations at Brasilia
Airport and easier comps at Natal Airport as traffic in 3Q17 in
Natal was impacted by a reduction in frequencies while the runway
was refurbished. International traffic at Brasilia Airport
increased 13.9% impacted by the new traffic count methodology
applied by ANAC since June 2018, which offset the traffic growth
resulting from the continued good performance of daily routes to
Miami and Orlando opened by Gol Airlines in November and the
addition of a new direct flight to Buenos Aires during December.
Based on the prior methodology, international traffic would have
increased 42.5% YoY at this airport.
In Ecuador, passengers increased 6.7%, with international
passenger traffic at Guayaquil Airport up 9.4%, mainly attributed
to the continued good performance of Spirit Airlines. In addition,
Laser Airlines started operations with three-weekly flights to
Caracas, Venezuela.
In Italy, passenger traffic rose 3.5%, driven by an increase of
7.3% in Pisa Airport mainly related to the addition of frequencies
by Ryanair and increased flights by Poveda to Moscow, while
Florence Airport posted a decline of 3.3% as a result of adverse
weather conditions, which led to several re-routed or cancelled
flights.
Cargo Volume and Aircraft
Movements
Cargo volume declined 3.4% in December 2018 mainly as a
result of a decline of 6.5% in Argentina in relation with
macroeconomic conditions, partially offset by the continued
recovery in Brazil, with an increase of 16.5% YoY.
Aircraft movements increased 3.1% in December 2018,
mainly as a result of an increase of 6.6% in Argentina and 14.0% in
Ecuador, partially offset by an 18.1% decline in Peru.
Summary Passenger Traffic, Cargo
Volume and Aircraft Movements
Dec’18
Dec’17
% Var. YTD’18 YTD’17 %
Var. Passenger Traffic (thousands)
Argentina
3,457 3,218 7.4 % 39,818 37,262
6.9 % Italy 475 459 3.5 % 8,160 7,891
3.4 % Brazil 1,833 1,779 3.0 % 20,317
19,384 4.8 % Uruguay 194 199
-2.5 % 2,293 2,291 0.1 % Ecuador 354
332 6.7 % 4,410 4,128 6.8 % Armenia 224
207 8.6 % 2,857 2,554 11.9 % Peru
268 275 -2.5 % 3,445 3,102 11.0
%
TOTAL 6,805 6,468
5.2 % 81,300 76,612
6.1 % Cargo Volume (tons)
Argentina 22,486 23,920 -6.0 % 240,372
231,985 3.6 % Italy 1,086 943
15.2 % 11,760 10,809 8.8 % Brazil 6,376
5,472 16.5 % 65,915 54,523 20.9 % Uruguay
2,228 2,523 -11.7 % 27,534 28,232
-2.5 % Ecuador 4,067 4,391 -7.4 %
41,775 37,072 12.7 % Armenia 1,461
1,751 -16.5 % 17,856 22,191 -19.5 % Peru
434 474 -8.5 % 4,866 5,018 -3.0
%
TOTAL 38,139 39,474
-3.4 % 410,078 389,831
5.2 % Aircraft Movements
Argentina 39,290 36,852 6.6 % 450,244
425,927 5.7 % Italy 4,610 4,445 3.7 %
77,335 77,350 0.0 % Brazil 15,583
16,009 -2.7 % 184,190 185,174 -0.5 % Uruguay
3,229 3,696 -12.6 % 33,473 33,639
-0.5 % Ecuador 6,934 6,080 14.0 %
79,575 78,249 1.7 % Armenia 2,092 1,879
11.3 % 24,136 21,992 9.7 % Peru 2,335
2,852 -18.1 % 31,626 28,959 9.2 %
TOTAL 74,073 71,813
3.1 % 880,579 851,290
3.4 %
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
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190116005835/en/
Gimena AlbanesiEmail: gimena.albanesi@caairports.comPhone:
+5411 4852-6411
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