Passenger traffic up 8.5% YoY in Argentina and
16.2% in Armenia, partially offset by declines in Brazil, Italy and
Uruguay
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 1.4% in July 2019.
Passenger Traffic, Cargo Volume and
Aircraft Movements Highlights
Statistics
Jul'19
Jul'18
% Var.
YTD’19
YTD’18
% Var
Domestic Passengers (thousands)
4,504
4,320
4.3%
27,165
25,128
8.1%
International Passengers (thousands)
2,617
2,600
0.6%
15,987
16,185
-1.2%
Transit Passengers (thousands)
783
876
-10.6%
4,981
5,198
-4.2%
Total Passengers (thousands)
7,904
7,795
1.4%
48,134
46,511
3.5%
Cargo Volume (thousand tons)
34.8
31.2
11.4%
244.2
227.9
7.1%
Total Aircraft Movements
(thousands)
77.7
78.8
-1.4%
497.3
507.7
-2.1%
Passenger Traffic
Overview
Total passenger traffic in July 2019 increased 1.4% YoY
primarily reflecting growth of 8.5% in Argentina and 16.2% in
Armenia, partially offset by declines in Brazil and Italy.
In Argentina, total passenger traffic increased 8.5% YoY,
reflecting growth of 12.2% in domestic passengers as a result of
the 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 declined 1.5%, still reflecting
weak macro conditions in the country. Of note, passenger traffic at
Bariloche Airport increased 19.2% driven by higher domestic and
international traffic during the winter season, while traffic at
Iguazú and Salta airports increased 33.4% and 27.3%, respectively,
mainly reflecting the operation of low cost carriers. In addition,
Norwegian Air Argentina announced a new domestic route to Jujuy,
starting September, further enhancing connectivity in the
country.
In Italy, passenger traffic declined 3.9% YoY, reflecting a drop
of 6.4% in passenger traffic at Pisa Airport, mainly due to the
reduction of operations by Pobeda, which suspended the route to
Saint Petersburg and decreased frequencies to Moscow, coupled with
a reduction of flights by Ryanair and British Airways. This was
partially offset by growth of 1.8% 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 11.5%, primarily
reflecting the cessation of operations by a local airline. Domestic
passengers declined 8.4% while international passengers increased
5.8% according to the new methodology introduced by ANAC. In
addition, Gol announced additional domestic routes, from Brasilia
airport to São José do Rio Preto, Araguaína and Barreiras, starting
September 2019 in partnership with Passaredo, in line with its
strategy to expand operations at Brasilia Airport. Moreover, Natal
Airport will receive additional flights by Latam Airlines Brasil to
São Paulo and Rio de Janeiro, starting in August, together with
additional flights by Azul Airlines to Recife, starting next
September.
In Uruguay, passenger traffic declined 5.8% YoY, reflecting the
cancellation of Avianca Colombia’s daily route to Bogotá, Colombia,
combined with a decline in flights to Aeroparque, Argentina, given
the continued weak macro environment in that country. In addition,
in July we faced more difficult comps as Winter Holidays this year
started in June, while last year they started in July.
In Armenia, total passenger traffic increased 16.2%, benefiting
from the addition of several new routes and frequencies during 2018
and 2019, further supported by additional flights added during the
summer season.
In Ecuador, total passenger traffic increased 3.3%, mainly
reflecting new flights by Jet Blue and Aeroméxico started earlier
this year. However, Aeroméxico recently announced that it will
discontinue this route starting October 2019. Traffic growth was
also driven by the new route by Plus Ultra to Madrid, Spain, opened
during July 2019. In addition, low-cost carrier Interjet announced
a new route connecting Guayaquil Airport with Ciudad de México,
México, to be started in October this year. Moreover, Jet Blue
announced the opening of a direct route to New York, United States,
operating from Guayaquil Airport, starting next December.
Cargo Volume and Aircraft
Movements
Cargo volume increased 11.4% in July 2019, mainly as a
result a 49.1% increase in Brazil, and further supported by growth
across most other countries of operations, partially offset by an
8.9% decline in Ecuador.
Aircraft movements decreased 1.4% in July 2019, mainly as
a result of declines of a 12.8% decline in Brazil.
Summary Passenger Traffic, Cargo Volume
and Aircraft Movements
Jul'19
Jul'18
% Var.
YTD’19
YTD’18
% Var
Passenger Traffic (thousands)
Argentina
3,998
3,683
8.5%
24,872
22,757
9.3%
Italy
888
925
-3.9%
4,667
4,682
-0.3%
Brazil
1,744
1,971
-11.5%
10,997
11,686
-5.9%
Uruguay
175
186
-5.8%
1,317
1,381
-4.6%
Ecuador
405
392
3.3%
2,635
2,523
4.5%
Armenia
372
320
16.2%
1,692
1,526
10.9%
Peru
322
318
1.1%
1,953
1,957
-0.2%
TOTAL
7,904
7,795
1.4%
48,134
46,511
3.5%
Cargo Volume (tons)
Argentina
18,356
17,452
5.2%
129,199
134,495
-3.9%
Italy
1,159
1,088
6.5%
7,667
6,774
13.2%
Brazil
8,302
5,567
49.1%
55,682
35,348
57.5%
Uruguay
2,000
1,937
3.3%
14,943
15,488
-3.5%
Ecuador
2,962
3,250
-8.9%
24,112
23,783
1.4%
Armenia
1,539
1,498
2.7%
9,833
9,297
5.8%
Peru
438
406
7.8%
2,799
2,764
1.3%
TOTAL
34,755
31,199
11.4%
244,234
227,949
7.1%
Aircraft Movements
Argentina
40,108
38,828
3.3%
262,035
258,165
1.5%
Italy
8,608
8,652
-0.5%
45,204
44,582
1.4%
Brazil
14,309
16,411
-12.8%
92,684
107,567
-13.8%
Uruguay
2,136
2,439
-12.4%
17,987
20,509
-12.3%
Ecuador
6,739
6,954
-3.1%
47,679
44,994
6.0%
Armenia
3,040
2,431
25.1%
14,415
13,382
7.7%
Peru
2,736
3,083
-11.3%
17,271
18,525
-6.8%
TOTAL
77,676
78,798
-1.4%
497,275
507,724
-2.1%
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190815005712/en/
Investor Relations Contact Gimena Albanesi Email:
gimena.albanesi@caairports.com Phone: +5411 4852-6411
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