Total passenger traffic up 6.8% and 6.4% in
January and February 2018, respectively
Passenger traffic for full year 2017 up 6.7%
driven by record performance in Argentina
Corporación América Airports S.A. (NYSE: CAAP), (“CAAP”
or the “Company”) the largest private sector airport concession
operator in the world by number of airports, reported today
preliminary year-over-year passenger traffic growth of 6.8% in
January 2018, 6.4% in February 2018, and 6.7% for the full year
2017.
Passenger Traffic, Cargo Volume and
Aircraft Movements Highlights
Statistics Jan’18
Jan’17 % Var Feb’18
Feb’17 % Var FY17 FY16
% Var Domestic Passengers (thousands) 3,661.0
3,556.1 2.9 % 3,264.2 3,144.3 3.8 %
41,305.8 37,914.4 8.9 % International Passengers
(thousands) 2,362.7 2,185.4 8.1 % 2,077.4
1,979.4 4.9 % 26,898.8 24,601.2 9.3 %
Transit Passengers (thousands) 897.0 737.0
21.7 % 707.7 562.1 25.9 % 8,407.8 9,302.9
-9.6 %
Total Passengers (thousands)
6,920.8 6,478.5 6.8 %
6,049.3 5,685.8 6.4 %
76,612.4 71,818.4 6.7 %
Cargo Volume (thousand tons) 31.7
26.2 21.0 % 30.3
27.6 9.7 % 389.8
360.5 8.1 % Total Aircraft Movements
(thousands) 74.6 71.6
4.2 % 64.9 62.9
3.2 % 851.3 836.6
1.8 %
Passenger Traffic
Overview
Total passenger traffic in January 2018 increased by 6.8%
compared to the same period of 2017, primarily reflecting growth of
11.3% in Argentina and 5.6% in Uruguay. In February 2018, total
traffic increased by 6.3% compared to the same period of 2017
primarily reflecting growth of 9.1% in Argentina and 7.5% in
Uruguay.
During 2017, total passenger traffic increased 6.7% compared to
2016, mainly driven by traffic growth of 14.3% in Argentina, along
with increases of 11.7% in Uruguay and 20.6% in Armenia.
The strong performance in Argentina, the Company’s main business
segment, resulted from the incorporation of new routes, a large
number of flights to existing destinations and the entrance of low
cost airlines, contributing to increase connectivity throughout the
country as well as to international destinations. At Ezeiza
airport, Level started five weekly flights to Barcelona, Azul
launched 14 weekly flights to several Brazilian destinations and
United opened a daily flight to New York. At Aeroparque airport,
Amaszonas started 40 weekly flights to neighboring countries
Paraguay and Uruguay, and Avianca added more than 30 flights to
Florianópolis, in Brazil, and domestic destinations Mar del Plata
and Rosario, in Argentina.
CAAP also reported increased activity at airports located in
different provinces of Argentina. For instance, Córdoba airport, in
the center of the country, became an increasingly relevant domestic
hub, incorporating two new airlines during 2017: Air Europa and
Amaszonas. This airport also added additional flights to many of
its already established domestic routes. Furthermore, operating
from Mendoza airport, Sky, Gol and Latam inaugurated new flights to
Chile, Brazil and Peru, respectively. Moreover, Latam opened five
weekly international routes from Neuquén airport to Santiago,
Chile. Top domestic carriers Aerolíneas Argentinas and Latam also
added new flights to many of their existing domestic routes.
In 2018, Norwegian started four weekly direct flights to London.
Additionally, operating from Mendoza airport, Copa opened daily
flights to Panama. Furthermore, the low-cost carrier Flybondi
started operating in February, serving several domestic
destinations, with some flights operated from El Palomar airport.
This is the 34th airport in the AA2000 concession, added to serve
low-cost carriers airlines and increase capacity in the Buenos
Aires area.
In Brazil, passenger traffic at Brasilia airport increased by 4%
each January and February 2018, showing signs of consistent
recovery from last year’s passenger drop as a result of the
economic crisis. In addition, the airport added new routes during
2018. In January, Latam opened a new international route to Punta
Cana with two weekly fights and Gol has started to sell tickets for
daily flights to Orlando and Miami with the new Boing 737 Max, with
flights beginning in November 2018. Furthermore, both Gol and Latam
added domestic routes to Santarém, Ilhéus and Aracajú.
In Ecuador, passenger traffic returned to historical levels,
after posting a significant increase in January 2017.
Cargo Volume and Aircraft
Movements
CAAP also reported strong cargo volume, up 8.1% in 2017,
and increasing 21.0% and 9.7% in January and February 2018,
respectively. Argentina was the main contributor to cargo volume
growth – with increases of 28.0% in 2017 and 23.5% in the first two
months of 2018, followed by significant growths in Brazil and Italy
during these periods and positive contributions from the majority
of the Company’s business segments.
Aircraft movements increased by 1.8% in 2017, followed by
increases of 4.2% and 3.2% in January and February of 2018,
respectively. Growth in the first two months of 2018 was mainly
driven by Argentina, which increased by 8.7% during the period.
Summary Passenger Traffic, Cargo Volume
and Aircraft Movements
Jan’18 Jan’17 %
Var. Feb’18 Feb’17 % Var.
YTD’18 YTD’17
% Var.
Passenger Traffic (thousands)
Argentina
3,576 3,212 11.3 % 3,209 2,942
9.1 % 6,785 6,154 10.3 % Italy 447 438
2.1 % 408 411 -0.7 % 855 849 0.7
% Brazil 1,853 1,831 1.2 % 1,479 1,437
2.9 % 3,332 3,268 2.0 % Uruguay 259
245 5.6 % 220 205 7.5 % 479 450
6.4 % Ecuador 330 352 -6.2 % 316
319 -0.8 % 646 670 -3.6 % Armenia 189
173 9.1 % 149 136 9.3 % 338 309
9.2 % Peru 268 228 17.1 % 267
235 13.6 % 535 464 15.4 %
TOTAL
6,921 6,478 6.8 %
6,049 5,686 6.4 %
12,970 12,164 6.6 %
Cargo Volume
(tons)
Argentina 19,644 15,323
28.2 % 18,530 15,598 18.8 % 38,174
30,921 23.5 % Italy 886 770 15.1 % 842
788 6.8 % 1,728 1,558 10.9 % Brazil
4,493 3,689 21.8 % 4,252 4,019
5.8 % 8,745 7,707 13.5 % Uruguay 2,019
1,977 2.1 % 1,945 1,902 2.3 % 3,964
3,879 2.2 % Ecuador 3,389 3,158 7.3 %
3,224 3,329 -3.2 % 6,613 6,487 2.0 %
Armenia 892 938 -4.9 % 1,117 1,619
-31.0 % 2,009 2,557 -21.4 % Peru 387
359 7.8 % 371 361 2.8 % 759 720
5.3 %
TOTAL 31,710 26,214
21.0 % 30,281 27,615
9.7 % 61,990 53,829
15.2 % Aircraft Movements
Argentina 39,185 35,788 9.5 %
34,795 32,284 7.8 % 73,980 68,072 8.7 %
Italy 4,533 4,577 -1.0 % 4,068 4,192
-3.0 % 8,601 8,769 -1.9 % Brazil 15,753
16,042 -1.8 % 13,576 13,681 -0.8 %
29,329 29,723 -1.3 % Uruguay 4,535
4,369 3.8 % 3,447 3,226 6.9 % 7,982
7,595 5.1 % Ecuador 6,230 7,126 -12.6 %
5,279 6,244 -15.5 % 11,509 13,370 -13.9
% Armenia 1,739 1,568 10.9 % 1,425
1,217 17.1 % 3,164 2,785 13.6 % Peru
2,609 2,132 22.4 % 2,279 2,009 13.4 %
4,888 4,141 18.0 %
TOTAL 74,584
71,602 4.2 % 64,869
62,853 3.2 % 139,453
134,455 3.7 %
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
2017, it served 76.6 million passengers. The Company is listed on
the New York Stock Exchange where it trades under the ticker
“CAAP”.
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version on businesswire.com: http://www.businesswire.com/news/home/20180315006518/en/
Corporación América AirportsGimena Albanesi, +5411
4852-6411gimena.albanesi@caairports.com
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