Passenger traffic up 6.8% YoY in Argentina and
2.1% in Italy, partially offset by declines in Brazil and
Uruguay
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 1.8% in April 2019.
Passenger Traffic, Cargo Volume and Aircraft Movements
Highlights
Statistics Apr'19
Apr'18 % Var.
YTD’19 YTD’18 %
Var Domestic Passengers (thousands) 3,725
3,462 7.6% 15,255 14,034
8.7% International Passengers (thousands) 2,233
2,341 -4.6% 8,809 9,073
-2.9% Transit Passengers (thousands) 633
668 -5.2% 2,954 3,010
-1.9%
Total Passengers (thousands)
6,590 6,471 1.8%
27,019 26,118 3.4%
Cargo Volume (thousand tons) 36.7
35.5 3.5% 141.5
134.0 5.6% Total Aircraft
Movements (thousands) 68.5
70.9 -3.4% 281.2
284.3 -1.1%
Passenger Traffic
Overview
Total passenger traffic in April 2019 slowed to 1.8% YoY
from 2.6% YoY last month. Growth of 6.8% in Argentina and 2.1% in
Italy, further supported by growth across most other countries of
operations, was partially offset by declines in Brazil and Uruguay.
The Company faced easier comps in April as the Easter holidays this
year fell in April, while in 2018 they fell in March.
In Argentina, total passenger traffic growth of 6.8% YoY, was
mainly driven by an 18.1% growth in domestic passengers benefiting
from the launch of several new routes and the addition of new
airlines during 2018 and 2019, together with a mix-shift to
domestic from international travel by local passengers.
International passenger traffic fell 12.1% reflecting continued
challenging macro conditions. During April, Flybondi continued to
add new domestic routes connecting Neuquén Airport with Mendoza and
Córdoba airports, Salta Airport with Córdoba and Rosario airports,
and Tucumán Airport with Rosario Airport, further increasing
connectivity in the country. In addition, low cost airline JetSmart
begun domestic operations with routes from El Palomar Airport to
Mendoza and Córdoba airports and from Salta Airport to Neuquén,
Córdoba and Mendoza airports. Also in April, the remaining regional
flights were migrated from Aeroparque to Ezeiza Airport, with the
exception of flights to/from Montevideo and Punta del Este, in
Uruguay.
In Italy, passenger traffic increased 2.1%, driven by growth of
6.0% at Florence Airport reflecting easier comps as last year
traffic was impacted by Air France pilots’ strike. This month,
traffic benefited from the Easter Holiday effect together with the
good performance of TAP’s connecting flight to Lisbon and the
additional flights to Madrid by Iberia. In addition, SAS airlines
started operations at Florence airport, with a new connection to
Copenhagen with three weekly flights. Also, Air Arabia Maroc
started operations at Pisa airport, with a new route to Casablanca,
Morocco.
In Brazil, passenger traffic declined 7.8%, impacted by
cancellation of certain routes at several Brazilian airports by
Avianca Brasil, and, to a lesser extent, a reduction in less
profitable routes and frequencies by LATAM Airlines as it seeks to
optimize operations at Brasilia Airport. By contrast, Gol airlines
announced the addition of several frequencies over the coming
months, in line with its strategy of expanding operations at
Brasilia airport.
In Ecuador, passenger traffic increased 10.2%, with
international passenger traffic at Guayaquil Airport up 5.8%,
mainly attributed to the additional frequencies by COPA and Jet
Blue, started earlier this year.
Cargo Volume and Aircraft
Movements
Cargo volume increased 3.5% in April 2019, mainly as a
result a 63.1% increase in Brazil, offset by a decline of 12.7% in
Argentina, related to the continued challenging macroeconomic
conditions.
Aircraft movements decreased 3.4% in April 2019, mainly
as a result of a 15.9% decline in Brazil.
Summary Passenger Traffic, Cargo Volume and Aircraft
Movements
Apr'19
Apr'18 % Var. YTD’19
YTD’18 % Var Passenger Traffic
(thousands)
Argentina 3,320 3,109
6.8% 14,280 13,356 6.9% Italy 736
721 2.1% 2,156 2,119 1.8% Brazil
1,474 1,599 -7.8% 6,443 6,565 -1.9%
Uruguay 176 181 -3.1% 818 866
-5.5% Ecuador 392 382 2.7% 1,497 1,410
6.2% Armenia 217 213 2.1% 796
737 8.0% Peru 275 267 3.1% 1,028
1,066 -3.5%
TOTAL 6,590
6,471 1.8% 27,019 26,118
3.4%
Cargo Volume (tons)
Argentina
18,825 21,563 -12.7% 74,881 81,955
-8.6% Italy 1,285 838 53.3% 4,365
3,495 24.9% Brazil 8,639 5,297
63.1% 32,163 19,379 66.0% Uruguay 2,547
2,397 6.3% 8,642 9,153 -5.6% Ecuador
3,316 3,423 -3.1% 14,629 13,468 8.6%
Armenia 1,704 1,553 9.7% 5,262 5,028
4.7% Peru 389 384 1.2% 1,579
1,549 2.0%
TOTAL 36,704
35,456 3.5% 141,522
134,027 5.6% Aircraft
Movements
Argentina 35,553 35,474
0.2% 151,443 148,899 1.7% Italy 6,864
6,590 4.2% 21,016 20,475 2.6% Brazil
12,714 15,118 -15.9% 53,465 59,868
-10.7% Uruguay 2,375 2,615 -9.2% 11,712
13,563 -13.6% Ecuador 6,834 6,640
2.9% 27,470 24,629 11.5% Armenia 1,744
1,976 -11.7% 7,070 6,891 2.6% Peru
2,383 2,474 -3.7% 9,029 9,941
-9.2%
TOTAL 68,467 70,887
-3.4% 281,205 284,266
-1.1%
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/20190515006023/en/
Investor Relations ContactGimena
AlbanesiEmail: gimena.albanesi@caairports.comPhone: +5411
4852-6411
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