Total passenger traffic continued the recovery
trend reaching 63.0% of January 2019 traffic levels. Strong
improvement in Armenia, surpassing pre-pandemic levels. Brazil at
over 82.0% of January 2019 traffic.
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 78.6% YoY
increase in passenger traffic in January 2022, and a 37.0% decline
when compared to the same period of 2019.
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the full release here:
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Passenger Traffic Monthly Performance
(vs. 2019) (Graphic: Business Wire)
Passenger Traffic, Cargo Volume and
Aircraft Movements Highlights (2022 vs. 2021)
Statistics
Jan'22
Jan'21
% Var.
Domestic Passengers (thousands)
2,855
1,689
69.0%
International Passengers (thousands)
1,107
354
212.6%
Transit Passengers (thousands)
599
511
17.3%
Total Passengers (thousands)
4,561
2,554
78.6%
Cargo Volume (thousand tons)
25.1
20.4
22.8%
Total Aircraft Movements
(thousands)
50.8
35.0
45.1%
Passenger Traffic, Cargo Volume and
Aircraft Movements Highlights (2022 vs. 2019)
Statistics
Jan'22
Jan'19(1)
% Var.
Domestic Passengers (thousands)
2,855
4,010
-28.8%
International Passengers (thousands)
1,107
2,380
-53.5%
Transit Passengers (thousands)
599
850
-29.5%
Total Passengers (thousands)
4,561
7,240
-37.0%
Cargo Volume (thousand tons)
25.1
33.0
-24.0%
Total Aircraft Movements
(thousands)
50.8
74.7
-32.0%
(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 January 2022 grew 78.6%
compared to the same period of last year, or 90.2% excluding Peru,
driven by increases across all countries of operations,
particularly in Argentina, reflecting easier comparisons due to
tougher travel restrictions in the year ago period and the opening
of borders since November 1, 2021. When compared to January 2019,
overall passenger traffic declined 37.0%, or 34.8% excluding Peru,
impacted by the COVID-19 pandemic. International and domestic
passenger traffic dropped 53.5% and 28.8%, respectively, from
pre-pandemic levels of January 2019.
In Argentina, total passenger traffic increased 1.4x YoY.
Against January 2019, overall passenger traffic declined 41.0%,
with international passenger traffic decreasing 62.8%, showing a
strong recovery from the decline of 93.8% in July, 2021, benefiting
from the opening of borders on November 1, 2021, and the summer
season. Domestic passenger traffic declined 28.0% compared to 2019,
improving sequentially from the declines of 34.3% and 31.1%
recorded in November and December, respectively.
In Italy, passenger traffic grew 4.3x YoY and declined
58.5% when compared to January 2019. International passenger
traffic experienced another monthly sequential decline, reflecting
weaker demand impacted by the Omicron variant. This new variant
also impacted domestic traffic which reached almost 60% of
pre-pandemic levels.
In Brazil, total passenger traffic was up 24.2% YoY.
Compared to the same month in 2019, overall passenger traffic
declined 18.2%, showing a continued strong improvement from the
69.1% drop posted in April 2021, reflecting advanced vaccination
roll-out and increased passenger demand. Domestic traffic stood at
over 90.0% of pre-pandemic levels. During the month, however,
passenger traffic was also affected by the cancelation of a number
of flights due to COVID cases within the crew.
Total passenger traffic in Uruguay increased 6.5x YoY.
Against January 2019, passenger traffic was down 53.8% showing, but
posted a 10.7% sequential improvement when compared to December
2021, mainly driven by higher traffic demand during the summer
season. To note, traffic improved strongly after the opening of
borders effective November 1, 2021.
In Ecuador, passenger traffic increased 95.5% YoY. When
compared to the same month of 2019, total traffic in January 2022
declined 31.3% showing a strong improvement since the 64.8%
decrease posted last April. International passenger traffic stood
at over 86% of pre-pandemic levels, boosted by routes with the US
and Panama which are seeing higher passenger traffic than in 2019.
Domestic passenger traffic, in turn, declined 46.5% against January
2019.
In Armenia, where the vaccination roll out has improved
significantly in the past two to three months, total passenger
traffic increased 2.3x YoY. Passenger traffic continued with its
positive recovery trend surpassing, for the first time in January,
pre-pandemic levels.
Cargo Volume and Aircraft
Movements
Cargo volume increased 22.8% YoY. When compared to
January 2019, total cargo volume dropped 24.0%, mainly driven by
decreases of 33.3% in Brazil and 27.6% in Argentina, accounting for
over 90% of the reduction. Importantly, Italy and Armenia reported
higher cargo volumes compared to pre-pandemic levels of January
2019.
Aircraft movement increased 45.1% YoY. When compared to
January 2019, Aircraft movements declined 32.0%, or 29.9% excluding
Peru, mainly as a result of a 37.1% decrease in Argentina, which
explains over 60% of the overall drop. To note, aircraft movement
in Armenia, Brazil and Ecuador stood at 89.9%, 83.7% and 79.3% of
January 2019 levels, respectively.
Summary Passenger Traffic, Cargo Volume
and Aircraft Movements (2022 vs. 2021)
Jan'22
Jan'21
% Var.
Passenger Traffic (thousands)
Argentina(1)
2,273
929
144.8%
Italy
191
36
425.2%
Brazil(2)
1,527
1,230
24.2%
Uruguay
114
15
651.3%
Ecuador
243
124
95.5%
Armenia
214
64
232.4%
Peru
-
156
-100.0%
TOTAL
4,561
2,554
78.6%
(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
13,638
10,599
28.7%
Italy
1,155
1,132
2.0%
Brazil
4,027
4,458
-9.7%
Uruguay(3)
2,070
1,777
16.5%
Ecuador
3,130
1,458
114.6%
Armenia
1,050
787
33.4%
Peru
-
206
-100.0%
TOTAL
25,071
20,417
22.8%
Aircraft Movements
Argentina
25,230
16,477
53.1%
Italy
3,022
997
203.1%
Brazil
12,277
10,597
15.9%
Uruguay
2,831
632
347.9%
Ecuador
5,676
4,116
37.9%
Armenia
1,752
740
136.8%
Peru
-
1,442
-100.0%
TOTAL
50,788
35,001
45.1%
Summary Passenger Traffic, Cargo Volume and Aircraft Movements
(2022 vs. 2019)
Jan'22
Jan'19
% Var.
Passenger Traffic (thousands)
Argentina(1)
2,273
3,853
-41.0%
Italy
191
460
-58.5%
Brazil(2)
1,527
1,866
-18.2%
Uruguay
114
247
-53.8%
Ecuador
243
353
-31.3%
Armenia
214
212
0.7%
Peru
-
249
-100.0%
TOTAL
4,561
7,240
-37.0%
(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
13,638
18,845
-27.6%
Italy
1,155
1,027
12.4%
Brazil
4,027
6,042
-33.3%
Uruguay(3)
2,070
2,121
-2.4%
Ecuador
3,130
3,733
-16.1%
Armenia
1,050
859
22.3%
Peru
-
370
-100.0%
TOTAL
25,071
32,996
-24.0%
Aircraft Movements
Argentina
25,230
40,140
-37.1%
Italy
3,022
4,644
-34.9%
Brazil
12,277
14,670
-16.3%
Uruguay
2,831
3,941
-28.2%
Ecuador
5,676
7,154
-20.7%
Armenia
1,752
1,948
-10.1%
Peru
-
2,164
-100.0%
TOTAL
50,788
74,661
-32.0%
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/20220216005488/en/
Investor Relations Contact Patricio Iñaki Esnaola Email:
patricio.esnaola@caairports.com Phone: +5411 4899-6716
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