Total passenger traffic continued sequential recovery trend reaching 66.8% of December 2019 traffic.
Strong improvement in Argentina, following the opening of borders. Brazil at over 85.0% of pre-pandemic levels.
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 a 114.2% YoY increase in passenger traffic in December 2021, and a 33.2% decline when compared to the same period of 2019.
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Passenger Traffic Monthly Performance (2021 vs. 2019) (Graphic: Business Wire)
Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2021 vs. 2020) |
|||||||
Statistics |
Dec'21 |
Dec'20 |
% Var. |
|
YTD’21 |
YTD'20(1)(2)(3) |
% Var. |
Domestic Passengers (thousands) |
3,008 |
1,315 |
128.7% |
|
22,532 |
14,448 |
56.0% |
International Passengers (thousands) |
1,134 |
384 |
194.9% |
|
8,238 |
7,069 |
16.5% |
Transit Passengers (thousands) |
544 |
487 |
11.5% |
|
4,923 |
3,702 |
33.0% |
Total Passengers (thousands) |
4,686 |
2,187 |
114.2% |
|
35,693 |
25,218 |
41.5% |
Cargo Volume (thousand tons) |
32.0 |
25.6 |
25.1% |
|
323.5 |
255.6 |
26.6% |
Total Aircraft Movements (thousands) |
57.3 |
33.2 |
72.5% |
|
497.2 |
352.9 |
40.9% |
Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2021 vs. 2019) |
|||||||
Statistics |
Dec'21 |
Dec'19(1) |
% Var. |
|
YTD’21 |
YTD'19(1)(3) |
% Var. |
Domestic Passengers (thousands) |
3,008 |
4,093 |
-26.5% |
|
22,532 |
47,589 |
-52.7% |
International Passengers (thousands) |
1,134 |
2,193 |
-48.3% |
|
8,238 |
28,216 |
-70.8% |
Transit Passengers (thousands) |
544 |
729 |
-25.4% |
|
4,923 |
8,353 |
-41.1% |
Total Passengers (thousands) |
4,686 |
7,016 |
-33.2% |
|
35,693 |
84,158 |
-57.6% |
Cargo Volume (thousand tons) |
32.0 |
36.4 |
-12.0% |
|
323.5 |
424.8 |
-23.8% |
Total Aircraft Movements (thousands) |
57.3 |
71.5 |
-19.8% |
|
497.2 |
857.9 |
-42.0% |
(1) |
Note that preliminary passenger traffic figures for 2019, as well as January 2020 for Ezeiza Airport, in Argentina, were adjusted to include additional inbound passengers not accounted for in the initial count, for an average of approximately 5% of total passenger traffic at Ezeiza Airport and 1% of total traffic at CAAP, during that period. Importantly, inbound traffic does not affect revenues, as tariffs are applicable on departure passengers. |
(2) |
Preliminary data on 1,256 flights in January 2020 at Brasilia Airport, due to delays in the submission of information by third parties. |
(3) |
Cargo volumes in Uruguay were rectified from January 2019 to June 2020, to reflect all cargo passing through the cargo terminal, instead of air cargo only. |
Passenger Traffic Overview
Total passenger traffic in December 2021 grew 1.1x compared to the same period of last year, driven by increases across all countries of operations, particularly in Argentina, reflecting easier comparisons due to tougher travel restrictions in the year ago period and the opening of borders since November 1, 2021. When compared to 2019, overall passenger traffic declined 33.2%, impacted by the COVID-19 pandemic, though consistently improving from the 75.7% decline recorded in April 2021. International and domestic passenger traffic dropped 48.3% and 26.5%, respectively, from pre-pandemic levels of December 2019.
In Argentina, total passenger traffic increased 2.7x YoY. Against December 2019, overall passenger traffic declined 41.0%, with international passenger traffic decreasing 60.5%, showing a sequential recovery driven by the opening of borders on November 1, 2021 and the summer season. This compares with declines of 81.5% and 69.2% in October 2021 and November 2021, respectively, versus 2019. Domestic passenger traffic declined 31.1% compared to 2019, improving sequentially from the declines of 44.4% and 34.3% recorded in October and November, respectively.
In Italy, passenger traffic grew 5.6x YoY and declined 43.0% when compared to December 2019. International passenger traffic experienced a monthly sequential declined, reflecting weaker demand impacted by the Omicron variant. Domestic traffic stood at over 78% of pre-pandemic levels.
In Brazil, total passenger traffic was up 31.2% YoY. Compared to the same month in 2019, overall passenger traffic declined 13.5%, showing a continued strong improvement from the 69.1% drop posted in April 2021, reflecting advanced vaccination roll-out and increased passenger demand. Domestic traffic stood at 94.0% of pre-pandemic levels.
Total passenger traffic in Uruguay increased 3.7x YoY. Against December 2019, passenger traffic was down 45.9%, though still above forecast, showing a slight sequential deceleration when compared to the previous month, when traffic improved strongly after the opening of borders effective November 1, 2021.
In Ecuador, passenger traffic increased almost 1.0x YoY. When compared to the same month of 2019, total traffic in December 2021 declined 24.6% showing a strong improvement since the 64.8% decrease posted last April. International passenger traffic stood at over 85% of pre-pandemic levels, boosted by routes with the US and Panama which are seeing higher passenger traffic than in 2019. Domestic passenger traffic, in turn, declined 34.1% against December 2019.
In Armenia, where the vaccination roll out has improved significantly in the past two to three months, total passenger traffic increased 2.1x YoY. Compared to December 2019, passenger traffic continued with its positive recovery trend reaching almost 93% of pre-pandemic levels.
Cargo Volume and Aircraft Movements
Cargo volume increased 25.1% YoY. When compared to December 2019, total cargo volume dropped 12.0%, mainly driven by decreases of 35.3% in Brazil and 8.2% in Argentina. Importantly, Italy, Armenia and Uruguay reported higher cargo volumes compared to pre-pandemic levels of December 2019.
Aircraft movement increased 72.5% YoY. When compared to December 2019, Aircraft movements declined 19.8%, mainly as a result of a 24.4% decrease in Argentina, which explains 63% of the overall drop. To note, aircraft movement in Uruguay and Brazil stood at 96.6% and 92.2% of December 2019 levels, respectively.
Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2021 vs. 2020) |
|||||||
|
Dec'21 |
Dec'20 |
% Var. |
|
YTD'21 |
YTD'20 |
% Var. |
Passenger Traffic (thousands) |
|
|
|
|
|
|
|
Argentina(1) |
2,132 |
576 |
270.3% |
|
13,275 |
9,960 |
33.3% |
Italy |
295 |
45 |
560.1% |
|
2,817 |
1,974 |
42.7% |
Brazil(2) |
1,524 |
1,161 |
31.2% |
|
12,316 |
9,092 |
35.5% |
Uruguay |
103 |
22 |
371.1% |
|
488 |
610 |
-19.9% |
Ecuador |
287 |
149 |
92.4% |
|
2,513 |
1,549 |
62.2% |
Armenia |
221 |
71 |
212.8% |
|
2,400 |
826 |
190.5% |
Peru |
125 |
164 |
-23.8% |
|
1,884 |
1,208 |
56.0% |
TOTAL |
4,686 |
2,187 |
114.2% |
|
35,693 |
25,218 |
41.5% |
(1) See Footnote 1 in previous table. (2) See Footnote 2 in previous table. (3) See Footnote 3 in previous table. |
|||||||
| Cargo Volume (tons) | |||||||
Argentina |
17,459 |
13,412 |
30.2% |
|
174,422 |
143,948 |
21.2% |
Italy |
1,609 |
1,254 |
28.3% |
|
15,321 |
13,256 |
15.6% |
Brazil |
5,294 |
5,016 |
5.5% |
|
60,010 |
34,857 |
72.2% |
Uruguay(3) |
2,980 |
2,186 |
36.3% |
|
30,438 |
28,916 |
5.3% |
Ecuador |
2,196 |
2,097 |
4.8% |
|
22,982 |
16,842 |
36.5% |
Armenia |
2,274 |
1,241 |
83.2% |
|
17,324 |
15,731 |
10.1% |
Peru |
194 |
387 |
-49.9% |
|
3,011 |
2,080 |
44.8% |
TOTAL |
32,005 |
25,593 |
25.1% |
|
323,508 |
255,628 |
26.6% |
Aircraft Movements |
|
|
|
|
|
|
|
Argentina |
27,885 |
13,682 |
103.8% |
|
227,265 |
155,587 |
46.1% |
Italy |
3,681 |
1,197 |
207.5% |
|
39,577 |
30,163 |
31.2% |
Brazil |
13,410 |
10,442 |
28.4% |
|
117,894 |
89,445 |
31.8% |
Uruguay |
3,030 |
938 |
223.0% |
|
17,770 |
13,045 |
36.2% |
Ecuador |
6,067 |
4,715 |
28.7% |
|
55,882 |
41,565 |
34.4% |
Armenia |
1,906 |
780 |
144.4% |
|
21,312 |
10,183 |
109.3% |
Peru |
1,333 |
1,471 |
-9.4% |
|
17,489 |
12,917 |
35.4% |
TOTAL |
57,312 |
33,225 |
72.5% |
|
497,189 |
352,905 |
40.9% |
Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2021 vs. 2019) |
|||||||
|
Dec'21 |
Dec'19 |
% Var. |
|
YTD'21 |
YTD'19 |
% Var. |
Passenger Traffic (thousands) |
|
|
|
|
|
|
|
Argentina(1) |
2,132 |
3,614 |
-41.0% |
|
13,275 |
43,405 |
-69.4% |
Italy |
295 |
517 |
-43.0% |
|
2,817 |
8,239 |
-65.8% |
Brazil(2) |
1,524 |
1,761 |
-13.5% |
|
12,316 |
19,059 |
-35.4% |
Uruguay |
103 |
190 |
-45.9% |
|
488 |
2,182 |
-77.6% |
Ecuador |
287 |
380 |
-24.6% |
|
2,513 |
4,497 |
-44.1% |
Armenia |
221 |
238 |
-7.2% |
|
2,400 |
3,196 |
-24.9% |
Peru |
125 |
316 |
-60.4% |
|
1,884 |
3,579 |
-47.3% |
TOTAL |
4,686 |
7,016 |
-33.2% |
|
35,693 |
84,158 |
-57.6% |
(1) See Footnote 1 in previous table. (2) See Footnote 2 in previous table. (3) See Footnote 3 in previous table. |
|||||||
Cargo Volume (tons) |
|||||||
Argentina |
17,459 |
19,011 |
-8.2% |
|
174,422 |
227,970 |
-23.5% |
Italy |
1,609 |
1,158 |
39.0% |
|
15,321 |
13,192 |
16.1% |
Brazil |
5,294 |
8,180 |
-35.3% |
|
60,010 |
91,241 |
-34.2% |
Uruguay(3) |
2,980 |
2,582 |
15.4% |
|
30,438 |
29,132 |
4.5% |
Ecuador |
2,196 |
3,043 |
-27.8% |
|
22,982 |
38,006 |
-39.5% |
Armenia |
2,274 |
1,906 |
19.3% |
|
17,324 |
20,065 |
-13.7% |
Peru |
194 |
509 |
-61.8% |
|
3,011 |
5,164 |
-41.7% |
TOTAL |
32,005 |
36,388 |
-12.0% |
|
323,508 |
424,769 |
-23.8% |
Aircraft Movements |
|
|
|
|
|
|
|
Argentina |
27,885 |
36,875 |
-24.4% |
|
227,265 |
447,247 |
-49.2% |
Italy |
3,681 |
5,016 |
-26.6% |
|
39,577 |
78,952 |
-49.9% |
Brazil |
13,410 |
14,541 |
-7.8% |
|
117,894 |
161,775 |
-27.1% |
Uruguay |
3,030 |
3,136 |
-3.4% |
|
17,770 |
29,662 |
-40.1% |
Ecuador |
6,067 |
7,101 |
-14.6% |
|
55,882 |
82,374 |
-32.2% |
Armenia |
1,906 |
2,244 |
-15.1% |
|
21,312 |
27,430 |
-22.3% |
Peru |
1,333 |
2,572 |
-48.2% |
|
17,489 |
30,473 |
-42.6% |
TOTAL |
57,312 |
71,485 |
-19.8% |
|
497,189 |
857,913 |
-42.0% |
About Corporación América Airports
Corporación América Airports acquires, develops and operates airport concessions. Currently, the Company operates 53 airports in 6 countries across Latin America and Europe (Argentina, Brazil, Uruguay, Ecuador, Armenia and Italy). In 2021, Corporación América Airports served 35.7 million passengers, or 42.4% of the 84.2 million passengers served in 2019. 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/20220117005144/en/
Contacts
Investor Relations Contact
Patricio Iñaki Esnaola
Email: patricio.esnaola@caairports.com
Phone: +5411 4899-6716
