Total passenger traffic continued to recover
reaching 75.5% of May 2019 traffic levels;
Ecuador and Armenia at 97% and 107% of
pre-pandemic levels, respectively
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 188.3% YoY
increase in passenger traffic in May 2022, reaching 75.5% of
pre-pandemic levels of May 2019.
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Passenger Traffic Monthly Performance
(vs. 2019)
Passenger Traffic, Cargo Volume and
Aircraft Movements Highlights (2022 vs. 2021)
Statistics
May'22
May'21
% Var.
YTD’22
YTD'21(1)(2)(3)
% Var.
Domestic Passengers (thousands)
2,966
1,017
191.6%
14,394
6,476
122.3%
International Passengers (thousands)
1,749
418
318.2%
6,873
1,782
285.7%
Transit Passengers (thousands)
363
326
11.4%
2,179
1,658
31.4%
Total Passengers (thousands)
5,077
1,761
188.3%
23,446
9,916
136.4%
Cargo Volume (thousand tons)
30.8
27.6
11.4%
141.4
125.6
12.6%
Total Aircraft Movements
(thousands)
61.1
31.1
96.7%
276.2
160.0
72.6%
Passenger Traffic, Cargo Volume and
Aircraft Movements Highlights (2022 vs. 2019)
Statistics
May'22
May'19(1)
% Var.
YTD’22
YTD'19(1)(3)
% Var.
Domestic Passengers (thousands)
2,966
3,768
-21.3%
14,394
19,047
-24.4%
International Passengers (thousands)
1,749
2,332
-25.0%
6,873
11,392
-39.7%
Transit Passengers (thousands)
363
621
-41.6%
2,179
3,515
-38.0%
Total Passengers (thousands)
5,077
6,721
-24.5%
23,446
33,954
-30.9%
Cargo Volume (thousand tons)
30.8
35.5
-13.2%
141.4
177.7
-20.4%
Total Aircraft Movements
(thousands)
61.1
70.5
-13.3%
276.2
351.7
-21.5%
(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 May 2022 grew 188.3% compared
to the same month of last year, driven by increases across all
countries of operations, particularly in Italy, Argentina and
Brazil, boosted by higher traffic demand as a consequence of the
lifting of travel restrictions and the re-opening of borders on
November 1, 2021, in Argentina and Uruguay. Overall passenger
traffic recovered to 75.5% of May 2019 levels, from 73.5% in April.
International and domestic passenger traffic improved sequentially
reaching 75.0% and 78.7% of pre-pandemic levels of May 2019,
respectively.
In Argentina, total passenger traffic increased 449% YoY
and reached 74.8% of May 2019 levels, with international passenger
traffic improving to 60.8% of pre-pandemic levels, showing a
continued strong recovery from the 6.2% of 2019 levels posted in
July 2021, the lowest level of the year. In addition, traffic
improved sequentially from the 48.4% and 57.2% reached in March and
April, respectively. International traffic YoY comparison continued
to benefit from the full re-opening of borders on November 1, 2021
and the gradual lifting of travel requirements. Domestic passenger
traffic also performed well, reaching 81.3% of May 2019 levels,
slightly down from the 84.6% posted in April. Effective April 7,
2022, Covid tests are no longer required and travelers must
complete an affidavit form. In addition, foreigners are required to
present a Covid-19 health insurance.
In Italy, passenger traffic grew 786% YoY and stood at
85.0% of May 2019 levels, a strong sequential improvement from the
68.2% and 78.1% posted in March and April, respectively. Traffic
trends are expected to improve further in the coming months as the
summer season approaches, also reflecting the lifting of travel
restrictions effective June 1, 2022.
In Brazil, total passenger traffic increased 55.3% YoY,
and reached 78.6% of May 2019 pre-pandemic levels, up from the
73.0% recorded in April. Domestic traffic, which accounted for 72%
of total traffic, stood at 94.1% of pre-pandemic levels whereas
transit passengers reached 53.3% of May 2019 levels.
Total passenger traffic in Uruguay increased 535% YoY and
reached 66.1% of May 2019 levels, up from the 57.9% and 63.4%
posted in March and April, respectively. Traffic in Uruguay
continues to improve following the full re-opening of borders on
November 1, 2021 together with the gradual relaxation of travel
requirements.
In Ecuador, passenger traffic increased 112% YoY,
reaching 97.1% of May 2019 levels, up from the 88.5% and 95.2%
posted in March and April, respectively. International passenger
traffic continued to recover reaching pre-pandemic levels, boosted
by routes to Europe, as well as the US and Panama, which have been
seeing higher passenger traffic than in 2019 for several months
now. Domestic passenger traffic also performed well, reaching 94.1%
of May 2019 pre-pandemic levels.
In Armenia, total passenger traffic increased 56.9% YoY.
Passenger traffic continued performing well, surpassing
pre-pandemic levels, at 107.4% of May 2019, improving from the
95.1% and 96.4% recorded in March and April, respectively.
Cargo Volume and Aircraft
Movements
Cargo volume increased 11.4% YoY and stood at 86.8% of
May 2019 levels, or at 87.8% when adjusting for the discontinuation
in Peru. Close to two thirds of cargo volume came from Argentina
and Uruguay, which reported volumes at 83.0% and 160.6% of May 2019
pre-pandemic levels.
Aircraft movements increased 96.7% YoY and stood at 86.7%
of May 2019 levels, or at 90.3% when adjusting for the
discontinuation of operations in Peru. Aircraft movements in
Argentina, which accounted for more than half of total movement,
stood at 85.8% of pre-pandemic levels. To note, aircraft movements
in Ecuador, Italy, Uruguay and Brazil was above 90% of May 2019
levels and surpassed pre-pandemic levels by 1.4x in Armenia.
Summary Passenger Traffic, Cargo Volume and Aircraft
Movements (2022 vs. 2021)
May'22
May'21
% Var.
YTD'22
YTD'21
% Var.
Passenger Traffic (thousands)
Argentina(1)
2,554
465
448.8%
12,167
3,986
205.2%
Italy
666
75
785.7%
2,044
188
985.1%
Brazil(2)
1,125
725
55.3%
6,043
3,833
57.7%
Uruguay
109
17
535.1%
544
75
628.8%
Ecuador
361
170
112.0%
1,607
694
131.7%
Armenia
261
166
56.9%
1,041
571
82.2%
Peru
-
142
-100.0%
-
569
-100.0%
TOTAL
5,077
1,761
188.3%
23,446
9,916
136.4%
(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
15,729
14,665
7.3%
75,677
66,744
13.4%
Italy
1,276
1,277
-0.1%
6,278
5,846
7.4%
Brazil
5,301
5,257
0.8%
23,615
25,369
-6.9%
Uruguay(3)
4,279
2,989
43.2%
14,527
12,817
13.3%
Ecuador
2,858
1,639
74.4%
14,921
7,390
101.9%
Armenia
1,322
1,556
-15.0%
6,412
6,243
2.7%
Peru
-
243
-100.0%
-
1,151
-100.0%
TOTAL
30,765
27,627
11.4%
141,430
125,562
12.6%
Aircraft Movements
Argentina
31,043
13,374
132.1%
144,084
79,649
80.9%
Italy
7,007
2,076
237.5%
22,799
5,540
311.5%
Brazil
11,708
7,528
55.5%
55,929
39,584
41.3%
Uruguay
1,996
1,105
80.6%
11,915
4,384
171.8%
Ecuador
6,711
3,972
69.0%
31,331
18,746
67.1%
Armenia
2,677
1,593
68.0%
10,114
5,913
71.0%
Peru
-
1,440
-100.0%
-
6,168
-100.0%
TOTAL
61,142
31,088
96.7%
276,172
159,984
72.6%
Summary Passenger Traffic, Cargo Volume and Aircraft
Movements (2022 vs. 2019)
May'22
May'19
% Var.
YTD'22
YTD'19
% Var.
Passenger Traffic (thousands)
Argentina(1)
2,554
3,415
-25.2%
12,167
17,909
-32.1%
Italy
666
784
-15.0%
2,044
2,940
-30.5%
Brazil(2)
1,125
1,431
-21.4%
6,043
7,874
-23.2%
Uruguay
109
165
-33.9%
544
984
-44.7%
Ecuador
361
372
-2.9%
1,607
1,869
-14.0%
Armenia
261
243
7.4%
1,041
1,039
0.2%
Peru
-
311
-100.0%
-
1,340
-100.0%
TOTAL
5,077
6,721
-24.5%
23,446
33,954
-30.9%
(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
15,729
18,941
-17.0%
75,677
93,823
-19.3%
Italy
1,276
1,100
16.0%
6,278
5,466
14.9%
Brazil
5,301
7,611
-30.4%
23,615
39,774
-40.6%
Uruguay(3)
4,279
2,664
60.6%
14,527
12,058
20.5%
Ecuador
2,858
3,246
-12.0%
14,921
17,875
-16.5%
Armenia
1,322
1,492
-11.4%
6,412
6,754
-5.1%
Peru
-
407
-100.0%
-
1,986
-100.0%
TOTAL
30,765
35,461
-13.2%
141,430
177,736
-20.4%
Aircraft Movements
Argentina
31,043
36,193
-14.2%
144,084
187,636
-23.2%
Italy
7,007
7,500
-6.6%
22,799
28,516
-20.0%
Brazil
11,708
12,965
-9.7%
55,929
66,430
-15.8%
Uruguay
1,996
2,202
-9.4%
11,915
13,914
-14.4%
Ecuador
6,711
6,926
-3.1%
31,331
34,396
-8.9%
Armenia
2,677
1,944
37.7%
10,114
9,014
12.2%
Peru
-
2,798
-100.0%
-
11,827
-100.0%
TOTAL
61,142
70,528
-13.3%
276,172
351,733
-21.5%
About Corporación América Airports
Corporación América Airports acquires, develops and operates
airport concessions. Currently, the Company operates 53 airports in
6 countries across Latin America and Europe (Argentina, Brazil,
Uruguay, Ecuador, Armenia and Italy). In 2021, Corporación América
Airports served 35.7 million passengers, or 42.4% of the 84.2
million passengers served in 2019. 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/20220616005658/en/
Investor Relations Contact Patricio Iñaki Esnaola Email:
patricio.esnaola@caairports.com Phone: +5411 4899-6716
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