Passenger traffic up 7.9% YoY in Argentina and
2.8% 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 5.5% in February
2019.
Passenger Traffic, Cargo Volume and
Aircraft Movements Highlights
Statistics
Feb'19
Feb'18 % Var.
YTD’19 YTD’18
% Var Domestic Passengers (thousands)
3,584
3,264 9.8 % 7,590
6,925 9.6 % International
Passengers (thousands)
2,050 2,077
-1.3 % 4,371 4,440 -1.6 %
Transit Passengers (thousands)
745 708
5.3 % 1,614 1,605
0.5 %
Total Passengers (thousands)
6,380
6,049 5.5
% 13,575 12,970
4.7 % Cargo Volume (thousand
tons)
33.8 30.3
11.8 % 66.6 62.0
7.5 % Total Aircraft
Movements (thousands)
66.5 64.9
2.5 % 141.2
139.5 1.2 %
Passenger Traffic
Overview
Total passenger traffic in February 2019 increased 5.5%
YoY, primarily reflecting growth of 7.9% in Argentina, 2.8% in
Brazil and 8.2% in Ecuador.
In Argentina, total passenger traffic increased 7.9% YoY, mainly
driven by 17.2% growth in domestic passengers, benefiting from the
launch of several new routes and addition to new airlines during
2018, together with a mix-shift to domestic from international
travel by local passengers. This was partially offset by a decline
of 5.4% in international passengers, reflecting continued
challenging macro conditions. After a full year of operations, El
Palomar Airport, our facility servicing low-cost flights located in
Greater Buenos Aires, ranked 7th in terms of passenger traffic
across our network. Also driven by low-cost Airlines Norwegian and
Flybondi, our Mendoza, Córdoba and Iguazú airports posted increases
in domestic traffic of 39.7%, 23.9% and 27.2%, respectively in
February.
In Italy, passenger traffic rose 5.2%, driven by an increase of
5.2% in Pisa Airport mainly related to the addition of frequencies
by Ryanair and flights by Pobeda to Moscow. In Florence Airport,
passenger traffic increased 5.3%, due to easier comps as last year
traffic was impacted by Air France pilots’ strike, together with
the good performance of TAP’s connection to Lisbon and the
additional flights to Madrid by Iberia.
In Brazil, passenger traffic at Brasilia airport increased 3.5%,
mainly due to an increase of 2.1% in domestic traffic, offset by a
decline in international traffic mainly as a result of the change
in methodology in traffic count by ANAC. Based on the prior
methodology, international traffic would have increased 32.5% YoY
at this airport. Domestic traffic growth remained impacted by a
reduction in less profitable routes and frequencies by LATAM
Airlines, and a decline of approximately 20% in seat supply at
Avianca Brasil. By contrast, Gol continues with its plan to expand
operations at Brasilia Airport, with new domestic flights to be
launched during the first half of the year. International traffic
at Brasilia Airport declined 10.2% impacted by the new methodology
in traffic count applied since June 2018 as discussed above. This
more than offset traffic growth resulting from the continued good
performance of routes to Miami and Orlando opened by Gol Airlines
in November and the addition of a new direct flight to Buenos Aires
during December.
In Ecuador, passenger traffic increased 8.2%, with international
passenger traffic at Guayaquil Airport up 11.8%, mainly attributed
to the continued good performance of the Spirit Airlines flight to
Fort Lauderdale introduced in March 2018 and the increase in
frequencies by COPA Airlines.
Cargo Volume and Aircraft
Movements
Cargo volume increased 11.8% in February 2019 mainly as a
result a 98.5% increase in Brazil, mainly related to an increase in
exports, offset by a decline of 7.9% in Argentina, related to the
continued challenging macroeconomic conditions.
Aircraft movements increased 2.5% in February 2019,
mainly as a result of increases of 4.5% in Argentina and 24.0% in
Ecuador, partially offset by a 6.4% decline in Brazil.
Summary Passenger Traffic, Cargo Volume and Aircraft
Movements
Feb'19
Feb'18 % Var.
YTD’19 YTD’18
% Var Passenger Traffic (thousands)
Argentina
3,463 3,209 7.9 % 7,271
6,785 7.2 % Italy
429
408 5.2 % 889
855 4.0 % Brazil
1,521
1,479 2.8 % 3,387
3,332 1.6 % Uruguay
211
220 -4.2 % 458 479
-4.4 % Ecuador
342 316
8.2 % 695 646
7.6 % Armenia
167 149
11.9 % 379 338
12.1 % Peru
247 267 -7.6 % 496
535 -7.3 %
TOTAL
6,380 6,049
5.5 % 13,575
12,970 4.7 %
Cargo Volume (tons)
Argentina
17,067
18,530 -7.9 % 35,911
38,174 -5.9 % Italy
990
842 17.5 % 2,017
1,728 16.7 % Brazil
8,441
4,252 98.5 % 14,483
8,744 65.6 % Uruguay
1,937
1,945 -0.4 % 3,846
3,964 -3.0 % Ecuador
3,626
3,224 12.5 % 7,358
6,613 11.3 % Armenia
1,368
1,117 22.5 % 2,227
2,009 10.8 % Peru
418
371 12.5 % 787 759
3.8 %
TOTAL
33,846
30,281 11.8 %
66,629 61,990
7.5 % Aircraft
Movements
Argentina
36,403 34,845
4.5 % 76,543 74,030
3.4 % Italy
4,302 4,068
5.8 % 8,946 8,601 4.0 %
Brazil
12,710 13,576 -6.4
% 27,380 29,329 -6.6 %
Uruguay
2,848 3,447 -17.4
% 6,789 7,982 -14.9 %
Ecuador
6,545 5,279 24.0 %
13,699 11,509 19.0 %
Armenia
1,552 1,425 8.9 %
3,500 3,164 10.6 %
Peru 2,174
2,279 -4.6 % 4,338
4,888 -11.3 %
TOTAL
66,534 64,919
2.5 % 141,195
139,503 1.2 %
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/20190314005934/en/
Investor Relations ContactGimena
AlbanesiEmail: gimena.albanesi@caairports.comPhone: +5411
4852-6411
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