Corporación América Airports S.A. Reports 5.8% YoY Increase in Total Passenger Traffic in June 2019
17 July 2019 - 12:49PM
Business Wire
Passenger traffic up 19.0% YoY in
Argentina and 12.1% in Armenia, partially offset by declines in
Brazil and Italy
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 5.8% in June 2019.
Passenger Traffic, Cargo Volume and
Aircraft Movements Highlights
Statistics
Jun'19
Jun'18
% Var.
YTD’19
YTD’18
% Var
Domestic Passengers (thousands)
3,648
3,296
10.7%
22,662
20,809
8.9%
International Passengers (thousands)
2,293
2,207
3.9%
13,370
13,585
-1.6%
Transit Passengers (thousands)
615
695
-11.6%
4,198
4,322
-2.9%
Total Passengers (thousands)
6,556
6,198
5.8%
40,230
38,716
3.9%
Cargo Volume (thousand tons)
32.8
30.6
7.2%
209.5
196.8
6.5%
Total Aircraft Movements
(thousands)
67.9
71.4
-4.9%
419.6
428.9
-2.2%
Passenger Traffic
Overview
Total passenger traffic in June 2019 increased 5.8% YoY
primarily reflecting growth of 19.0% in Argentina and 12.1% in
Armenia, further supported by growth across most other countries of
operations, partially offset by declines in Brazil and Italy.
In Argentina, total passenger traffic increased 19.0% YoY,
mainly driven by growth of 27.4% in domestic passengers benefiting
from continued good performance of new routes by existing and new
airlines introduced during 2018 and 2019, together with a mix-shift
to domestic from international travel by local passengers.
International passenger traffic increased 4.1% reflecting easier
comps given the decline in the year ago period given difficult
macro conditions. During June, American Airlines opened a new
international route from Córdoba Airport to Miami, United States,
while low cost carrier JetSmart continued to add new domestic
routes connecting El Palomar with Iguazú and Salta airports,
contributing to more connectivity in the country.
In Italy, passenger traffic declined 1.9%, reflecting a drop of
5.6% in passenger traffic at Pisa Airport, mainly driven by the
reduction of operations by Pobeda, which suspended the route to
Saint Petersburg and decreased frequencies to Moscow. This was
partially offset by growth of 6.1% at Florence Airport, reflecting
additional flights to Madrid, Spain, by Iberia together with the
good performance of SAS’s flight to Copenhagen introduced last
April. Moreover, a new international flight to Dusseldorf, Germany,
by Eurowings also contributed to the increase.
In Brazil, passenger traffic declined 12.4%, primarily
reflecting the cancellation of operations by a local airline, and,
to a lesser extent, a reduction in less profitable routes and
frequencies by a leading Latin American airline as it seeks to
optimize domestic operations at Brasilia Airport. Domestic
passengers declined 11.7% while international passengers increased
19.3% according to the new methodology count introduced by ANAC
June 2018. Importantly, in June 2019 Gol airlines started a direct
flight to Cancún, Mexico, departing from Brasilia airport. With
this new international route, Brasilia airport serves six
international destinations. Moreover, Azul announced new domestic
routes from Brasilia airport to Rio de Janeiro and Recife, starting
4Q19, with three daily flight to each destination.
In Armenia, total passenger traffic increased 12.1%, benefiting
from the addition of several new routes and frequencies during 2018
and 2019. In addition, during July 2019, Smartavia started
three-weekly services from Zvartnots Airport to Moscow, and a
seasonal flight to Saint Petersburg twice a week. Moreover,
Georgian Airways started a daily flight to Batumi, Georgia, during
the summer season.
Cargo Volume and Aircraft
Movements
Cargo volume increased 7.2% in June 2019, mainly as a
result a 32.7% increase in Brazil, and further supported by stable
cargo volume in Argentina, including increased exports.
Aircraft movements decreased 4.9% in May 2019, mainly as
a result of a 21.4% decline in Brazil.
Summary Passenger Traffic, Cargo Volume
and Aircraft Movements
Jun'19
Jun'18
% Var.
YTD’19
YTD’18
% Var
Passenger Traffic (thousands)
Argentina
3,245
2,726
19.0%
20,874
19,074
9.4%
Italy
839
855
-1.9%
3,779
3,757
0.6%
Brazil
1,379
1,575
-12.4%
9,253
9,715
-4.8%
Uruguay
158
154
2.4%
1,142
1,195
-4.4%
Ecuador
361
358
0.9%
2,231
2,131
4.7%
Armenia
282
251
12.1%
1,321
1,206
9.5%
Peru
292
278
4.9%
1,631
1,639
-0.5%
TOTAL
6,556
6,198
5.8%
40,230
38,716
3.9%
Cargo Volume (tons)
Argentina
17,020
16,133
5.5%
110,842
117,042
-5.3%
Italy
1,042
1,188
-12.2%
6,508
5,686
14.5%
Brazil
7,605
5,731
32.7%
47,380
29,781
59.1%
Uruguay
1,976
2,226
-11.2%
12,943
13,551
-4.5%
Ecuador
3,275
3,494
-6.3%
21,150
20,533
3.0%
Armenia
1,540
1,440
6.9%
8,294
7,799
6.3%
Peru
376
402
-6.6%
2,362
2,358
0.1%
TOTAL
32,834
30,614
7.2%
209,479
196,750
6.5%
Aircraft Movements
Argentina
34,291
34,566
-0.8%
221,927
219,337
1.2%
Italy
8,080
7,988
1.2%
36,596
35,930
1.9%
Brazil
11,945
15,189
-21.4%
78,375
91,156
-14.0%
Uruguay
1,937
2,171
-10.8%
15,851
18,070
-12.3%
Ecuador
6,544
6,662
-1.8%
40,940
38,040
7.6%
Armenia
2,361
2,045
15.5%
11,375
10,951
3.9%
Peru
2,708
2,779
-2.6%
14,535
15,442
-5.9%
TOTAL
67,866
71,400
-4.9%
419,599
428,926
-2.2%
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/20190716006086/en/
Investor Relations Contact Gimena Albanesi Email:
gimena.albanesi@caairports.com Phone: +5411 4852-6411
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