Total passenger traffic continued the recovery
trend reaching 68.6% of March 2019 traffic levels.
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 138.9% YoY
increase in passenger traffic in March 2022, reaching 68.6% of
pre-pandemic levels of March 2019.
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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
Mar'22
Mar'21
% Var.
YTD’22
YTD'21(1)(2)(3)
% Var.
Domestic Passengers (thousands)
2,965
1,333
122.4%
8,475
4,368
94.0%
International Passengers (thousands)
1,336
362
269.5%
3,537
1,036
241.4%
Transit Passengers (thousands)
438
288
51.8%
1,463
1,131
29.3%
Total Passengers (thousands)
4,738
1,983
138.9%
13,475
6,535
106.2%
Cargo Volume (thousand tons)
30.4
26.4
15.2%
81.0
67.9
19.3%
Total Aircraft Movements
(thousands)
56.8
32.6
74.1%
156.4
98.4
58.9%
Passenger Traffic, Cargo Volume and
Aircraft Movements Highlights (2022 vs. 2019)
Statistics
Mar'22
Mar'19(1)
% Var.
YTD’22
YTD'19(1)(3)
% Var.
Domestic Passengers (thousands)
2,965
3,945
-24.9%
8,475
11,545
-26.6%
International Passengers (thousands)
1,336
2,267
-41.1%
3,537
6,754
-47.6%
Transit Passengers (thousands)
438
694
-36.9%
1,463
2,272
-35.6%
Total Passengers (thousands)
4,738
6,906
-31.4%
13,475
20,571
-34.5%
Cargo Volume (thousand tons)
30.4
38.3
-20.5%
81.0
105.1
-23.0%
Total Aircraft Movements
(thousands)
56.8
71.5
-20.6%
156.4
212.7
-26.5%
(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 March 2022 grew 138.9%
compared to the same period of last year, driven by increases
across all countries of operations, particularly in Argentina,
where traffic demand continued to recover following the full
re-opening of borders on November 1, 2021 and the gradual
relaxation of travel requirements. When compared to March 2019,
overall passenger traffic declined 31.4%, improving from the 35.0%
decline posted in February. International and domestic passenger
traffic improved sequentially reaching 58.9% and 75.1% of
pre-pandemic levels of March 2019, respectively.
In Argentina, total passenger traffic increased 153.0%
YoY and reached 67.0% of March 2019 levels, with international
passenger traffic improving to 48.4% of pre-pandemic levels,
showing a continued strong recovery from the 6.2% posted in July
2021, the lowest level of the year. International traffic continued
benefiting from the full re-opening of borders on November 1, 2021
and the gradual relaxation of travel requirements. Domestic
passenger traffic also performed well, reaching 77.5% of March 2019
levels. 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, where travel restrictions have eased during the
last couple of months, passenger traffic grew 18.2x YoY reflecting
easier comparisons due to the closure of Florence airport in
February and March of last year, to perform runway works. Total
traffic reached 68.2% of March 2019 pre-pandemic levels, improving
sequentially from the 58.1% and 41.5% posted in February and
January, when traffic was impacted by the Omicron variant.
In Brazil, total passenger traffic increased 104.2% YoY,
and reached 76.5% of March 2019 levels. This was below the 81.8%
achieved in January 2022 but above the 72.7% posted in February,
when traffic was impacted by flight cancelations, done by some of
the airlines, due to COVID cases within their crew. Domestic
traffic stood at 86.0% of pre-pandemic levels.
Total passenger traffic in Uruguay increased 6.2x YoY and
reached 57.9% of March 2019 levels, up from the 48.4% posted in
February. Traffic in Uruguay continues to improve following the
full re-open of borders on November 1, 2021 together with the
gradual relaxation of travel requirements.
In Ecuador, passenger traffic increased 150.4% YoY,
reaching 88.5% of pre-pandemic levels of March 2019, up from the
78.0% posted in February. International passenger traffic continued
to recover reaching 89.1% of pre-pandemic levels, boosted by routes
to the US and Panama which have been seeing higher passenger
traffic than in 2019 for several months now. Domestic passenger
traffic improved to 87.5% of March 2019 pre-pandemic levels, up
from the 53.5% and 69.6% posted in January and February,
respectively.
In Armenia, where the vaccination roll out has improved
significantly in the past few months, total passenger traffic
increased 63.2% YoY. Passenger traffic continued performing well
and stood at 95.1% of pre-pandemic levels of 2019. Traffic in
Armenia is 100% international and has been increasing sequentially
since the elimination of restrictions on air travel in September
2020.
Cargo Volume and Aircraft
Movements
Cargo volume increased 15.2% YoY. When compared to March
2019, total cargo volume dropped 20.5%, mainly driven by decreases
of 40.8% in Brazil and 19.8% in Argentina, accounting for over 95%
of the overall volume reduction. Importantly, Italy and Uruguay
reported higher cargo volumes compared to pre-pandemic levels of
March 2019.
Aircraft movements increased 74.1% YoY. When compared to
March 2019, Aircraft movements declined 20.6%, mainly as a result
of a 22.7% decrease in Argentina, which explains around 60% of the
overall drop, together with a 14.7% decline in Brazil. To note,
aircraft movement in Armenia was above March 2019 levels and stood
at over 93% of pre-pandemic levels in Ecuador and Uruguay.
Summary Passenger Traffic, Cargo Volume and Aircraft
Movements (2022 vs. 2021)
Mar'22
Mar'21
% Var.
YTD'22
YTD'21
% Var.
Passenger Traffic (thousands)
Argentina(1)
2,506
991
153.0%
7,064
2,791
153.1%
Italy
362
19
1815.0%
802
74
981.7%
Brazil(2)
1,210
593
104.2%
3,842
2,653
44.8%
Uruguay
107
15
624.1%
323
45
624.6%
Ecuador
363
145
150.4%
872
385
126.6%
Armenia
190
116
63.2%
571
271
110.6%
Peru
-
105
-100.0%
-
317
-100.0%
TOTAL
4,738
1,983
138.9%
13,475
6,535
106.2%
(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
16,165
14,397
12.3%
43,132
36,165
19.3%
Italy
1,536
1,342
14.5%
3,909
3,403
14.9%
Brazil
5,352
4,987
7.3%
13,959
13,701
1.9%
Uruguay(3)
2,928
2,573
13.8%
7,023
6,202
13.2%
Ecuador
3,262
1,480
120.4%
9,244
4,457
107.4%
Armenia
1,196
1,358
-12.0%
3,689
3,228
14.3%
Peru
-
287
-100.0%
-
697
-100.0%
TOTAL
30,439
26,425
15.2%
80,956
67,852
19.3%
Aircraft Movements
Argentina
30,427
17,574
73.1%
82,106
49,902
64.5%
Italy
4,071
645
531.2%
10,071
2,177
362.6%
Brazil
11,402
7,476
52.5%
33,683
26,262
28.3%
Uruguay
2,385
884
169.8%
7,600
2,381
219.2%
Ecuador
6,458
3,577
80.5%
17,764
11,270
57.6%
Armenia
2,052
1,255
63.5%
5,151
2,975
73.1%
Peru
-
1,203
-100.0%
-
3,430
-100.0%
TOTAL
56,795
32,614
74.1%
156,375
98,397
58.9%
Summary Passenger Traffic, Cargo Volume and Aircraft
Movements (2022 vs. 2019)
Mar'22
Mar'19
% Var.
YTD'22
YTD'19
% Var.
Passenger Traffic (thousands)
Argentina(1)
2,506
3,741
-33.0%
7,064
11,103
-36.4%
Italy
362
531
-31.8%
802
1,420
-43.5%
Brazil(2)
1,210
1,582
-23.5%
3,842
4,968
-22.7%
Uruguay
107
185
-42.1%
323
643
-49.7%
Ecuador
363
410
-11.5%
872
1,105
-21.1%
Armenia
190
200
-4.9%
571
579
-1.3%
Peru
-
258
-100.0%
-
753
-100.0%
TOTAL
4,738
6,906
-31.4%
13,475
20,571
-34.5%
(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
16,165
20,145
-19.8%
43,132
56,057
-23.1%
Italy
1,536
1,064
44.4%
3,909
3,081
26.9%
Brazil
5,352
9,042
-40.8%
13,959
23,524
-40.7%
Uruguay(3)
2,928
2,343
25.0%
7,023
6,379
10.1%
Ecuador
3,262
3,955
-17.5%
9,244
11,313
-18.3%
Armenia
1,196
1,331
-10.2%
3,689
3,558
3.7%
Peru
-
404
-100.0%
-
1,191
-100.0%
TOTAL
30,439
38,282
-20.5%
80,956
105,102
-23.0%
Aircraft Movements
Argentina
30,427
39,347
-22.7%
82,106
115,890
-29.2%
Italy
4,071
5,206
-21.8%
10,071
14,152
-28.8%
Brazil
11,402
13,371
-14.7%
33,683
40,751
-17.3%
Uruguay
2,385
2,548
-6.4%
7,600
9,337
-18.6%
Ecuador
6,458
6,937
-6.9%
17,764
20,636
-13.9%
Armenia
2,052
1,826
12.4%
5,151
5,326
-3.3%
Peru
-
2,308
-100.0%
-
6,646
-100.0%
TOTAL
56,795
71,543
-20.6%
156,375
212,738
-26.5%
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/20220418005215/en/
Investor Relations Contact Patricio Iñaki Esnaola Email:
patricio.esnaola@caairports.com Phone: +5411 4899-6716
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