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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Corporacion America Airports SA | NYSE:CAAP | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.15 | 0.89% | 17.01 | 17.26 | 16.85 | 16.85 | 81,583 | 20:17:14 |
Passenger traffic up 6.8% YoY in Argentina and 2.1% in Italy, partially offset by declines in Brazil 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 1.8% in April 2019.
Passenger Traffic, Cargo Volume and Aircraft Movements Highlights Statistics Apr'19 Apr'18 % Var. YTD’19 YTD’18 % Var Domestic Passengers (thousands) 3,725 3,462 7.6% 15,255 14,034 8.7% International Passengers (thousands) 2,233 2,341 -4.6% 8,809 9,073 -2.9% Transit Passengers (thousands) 633 668 -5.2% 2,954 3,010 -1.9% Total Passengers (thousands) 6,590 6,471 1.8% 27,019 26,118 3.4% Cargo Volume (thousand tons) 36.7 35.5 3.5% 141.5 134.0 5.6% Total Aircraft Movements (thousands) 68.5 70.9 -3.4% 281.2 284.3 -1.1%Passenger Traffic Overview
Total passenger traffic in April 2019 slowed to 1.8% YoY from 2.6% YoY last month. Growth of 6.8% in Argentina and 2.1% in Italy, further supported by growth across most other countries of operations, was partially offset by declines in Brazil and Uruguay. The Company faced easier comps in April as the Easter holidays this year fell in April, while in 2018 they fell in March.
In Argentina, total passenger traffic growth of 6.8% YoY, was mainly driven by an 18.1% growth in domestic passengers benefiting from the launch of several new routes and the addition of new airlines during 2018 and 2019, together with a mix-shift to domestic from international travel by local passengers. International passenger traffic fell 12.1% reflecting continued challenging macro conditions. During April, Flybondi continued to add new domestic routes connecting Neuquén Airport with Mendoza and Córdoba airports, Salta Airport with Córdoba and Rosario airports, and Tucumán Airport with Rosario Airport, further increasing connectivity in the country. In addition, low cost airline JetSmart begun domestic operations with routes from El Palomar Airport to Mendoza and Córdoba airports and from Salta Airport to Neuquén, Córdoba and Mendoza airports. Also in April, the remaining regional flights were migrated from Aeroparque to Ezeiza Airport, with the exception of flights to/from Montevideo and Punta del Este, in Uruguay.
In Italy, passenger traffic increased 2.1%, driven by growth of 6.0% at Florence Airport reflecting easier comps as last year traffic was impacted by Air France pilots’ strike. This month, traffic benefited from the Easter Holiday effect together with the good performance of TAP’s connecting flight to Lisbon and the additional flights to Madrid by Iberia. In addition, SAS airlines started operations at Florence airport, with a new connection to Copenhagen with three weekly flights. Also, Air Arabia Maroc started operations at Pisa airport, with a new route to Casablanca, Morocco.
In Brazil, passenger traffic declined 7.8%, impacted by cancellation of certain routes at several Brazilian airports by Avianca Brasil, and, to a lesser extent, a reduction in less profitable routes and frequencies by LATAM Airlines as it seeks to optimize operations at Brasilia Airport. By contrast, Gol airlines announced the addition of several frequencies over the coming months, in line with its strategy of expanding operations at Brasilia airport.
In Ecuador, passenger traffic increased 10.2%, with international passenger traffic at Guayaquil Airport up 5.8%, mainly attributed to the additional frequencies by COPA and Jet Blue, started earlier this year.
Cargo Volume and Aircraft Movements
Cargo volume increased 3.5% in April 2019, mainly as a result a 63.1% increase in Brazil, offset by a decline of 12.7% in Argentina, related to the continued challenging macroeconomic conditions.
Aircraft movements decreased 3.4% in April 2019, mainly as a result of a 15.9% decline in Brazil.
Summary Passenger Traffic, Cargo Volume and Aircraft Movements Apr'19 Apr'18 % Var. YTD’19 YTD’18 % Var Passenger Traffic (thousands) Argentina 3,320 3,109 6.8% 14,280 13,356 6.9% Italy 736 721 2.1% 2,156 2,119 1.8% Brazil 1,474 1,599 -7.8% 6,443 6,565 -1.9% Uruguay 176 181 -3.1% 818 866 -5.5% Ecuador 392 382 2.7% 1,497 1,410 6.2% Armenia 217 213 2.1% 796 737 8.0% Peru 275 267 3.1% 1,028 1,066 -3.5% TOTAL 6,590 6,471 1.8% 27,019 26,118 3.4% Cargo Volume (tons) Argentina 18,825 21,563 -12.7% 74,881 81,955 -8.6% Italy 1,285 838 53.3% 4,365 3,495 24.9% Brazil 8,639 5,297 63.1% 32,163 19,379 66.0% Uruguay 2,547 2,397 6.3% 8,642 9,153 -5.6% Ecuador 3,316 3,423 -3.1% 14,629 13,468 8.6% Armenia 1,704 1,553 9.7% 5,262 5,028 4.7% Peru 389 384 1.2% 1,579 1,549 2.0% TOTAL 36,704 35,456 3.5% 141,522 134,027 5.6% Aircraft Movements Argentina 35,553 35,474 0.2% 151,443 148,899 1.7% Italy 6,864 6,590 4.2% 21,016 20,475 2.6% Brazil 12,714 15,118 -15.9% 53,465 59,868 -10.7% Uruguay 2,375 2,615 -9.2% 11,712 13,563 -13.6% Ecuador 6,834 6,640 2.9% 27,470 24,629 11.5% Armenia 1,744 1,976 -11.7% 7,070 6,891 2.6% Peru 2,383 2,474 -3.7% 9,029 9,941 -9.2% TOTAL 68,467 70,887 -3.4% 281,205 284,266 -1.1%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/20190515006023/en/
Investor Relations ContactGimena AlbanesiEmail: gimena.albanesi@caairports.comPhone: +5411 4852-6411
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