Corporación América Airports S.A. Reports 1.4% YoY Increase in Total Passenger Traffic in July 2019

Corporaci³n Amrica 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.

   

YTD19

 

YTD18

 

% 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 Iguazº 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 SASs 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 S£o Jos do Rio Preto, Aragua­na 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 S£o 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 Colombias daily route to Bogot¡, 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 Aeromxico started earlier this year. However, Aeromxico 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 Mxico, Mxico, 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.

   

YTD19

 

YTD18

 

% 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 Corporaci³n Amrica Airports

Corporaci³n Amrica 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, Corporaci³n Amrica 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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