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Corporación América Airports S.A. Reports April 2023 Passenger Traffic

Total passenger traffic up 29.8% YoY reaching 95% of pre-pandemic levels, with Armenia and Ecuador above April 2019 levels and Argentina and Italy at 98%; Aircraft movements above April 2019

Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”) a leading private airport operator in the world, reported today a 29.8% YoY increase in passenger traffic in April 2023, reaching 95.4% of April 2019 levels.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230516005227/en/

2-Year Passenger Traffic Monthly Performance (vs. 2019) (Graphic: Business Wire)

2-Year Passenger Traffic Monthly Performance (vs. 2019) (Graphic: Business Wire)

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2023 vs. 2022)

 

Statistics

Apr'23

Apr'22

% Var.

 

YTD’23

YTD'22

% Var.

 

Domestic Passengers (thousands)

3,608

2,953

22.2%

 

14,132

11,428

23.7%

 

International Passengers (thousands)

2,262

1,587

42.5%

 

8,398

5,125

63.9%

 

Transit Passengers (thousands)

485

354

37.1%

 

2,322

1,817

27.8%

 

Total Passengers (thousands)

6,354

4,894

29.8%

 

24,853

18,369

35.3%

 

Cargo Volume (thousand tons)

29.9

29.7

0.8%

 

115.1

110.7

4.0%

 

Total Aircraft Movements (thousands)

69.3

58.7

18.2%

 

269.1

215.0

25.2%

 

 

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2023 vs. 2019)

 

Statistics

Apr'23

Apr'19

% Var.

 

YTD’23

YTD'19(1)(2)

% Var.

 

Domestic Passengers (thousands)

3,608

3,734

-3.4%

 

14,132

15,279

-7.5%

 

International Passengers (thousands)

2,262

2,306

-1.9%

 

8,398

9,060

-7.3%

 

Transit Passengers (thousands)

485

622

-22.0%

 

2,322

2,894

-19.8%

 

Total Passengers (thousands)

6,354

6,661

-4.6%

 

24,853

27,233

-8.7%

 

Cargo Volume (thousand tons)

29.9

37.2

-19.5%

 

115.1

142.3

-19.1%

 

Total Aircraft Movements (thousands)

69.3

68.5

1.2%

 

269.1

281.2

-4.3%

 

 

(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)

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 grew 29.8% compared to the same month of 2022, supported by the ongoing recovery in travel demand after the Covid-19 pandemic and the gradual resumption of routes and frequencies across all countries of operations. Overall passenger traffic reached 95.4% of April 2019 levels, up from 91.7% posted in March, with international and domestic passenger traffic reaching 98.1% and 96.6% of April 2019 levels, respectively.

In Argentina, total passenger traffic continued to recover increasing 30.1% YoY to 97.8% of April 2019 volumes, up from 93.0% in March. International passenger traffic reached 80.6% of pre-pandemic levels, above the 78.8% recorded in March, while domestic passenger traffic surpassed April 2019 pre-pandemic levels by 7.3%. On April 14, the Company inaugurated a state of the art new departures terminal at Ezeiza Airport, with capacity to serve up to 30 million passengers per year.

In Italy, passenger traffic grew 25.6% versus the same month of 2022. When compared to pre-pandemic levels, total traffic stood at 98.1% of April 2019, up from 91.8% in March. International passenger traffic, which accounted for 80% of total traffic, reached 98.9% of April 2019 levels, up from 96.3% in March.

In Brazil, total passenger traffic increased 22.3% YoY, and reached 89.3% of April 2019 volumes, up from 88.8% in March. Domestic traffic, which accounted for two thirds of total traffic, stood at 95.9% of pre-pandemic levels whereas transit passengers reached 76.9% of April 2019 levels.

In Uruguay, total passenger traffic, which is largely international, increased 42.7% YoY and reached 90.6% of April 2019 levels, up from 86.2% in March, recovering from weaker-than-expected seasonal tourism in Punta del Este.

In Ecuador, passenger traffic increased 16.8% YoY and surpassed pre-pandemic volumes by 11.2%. Both domestic and international passenger traffic exceeded pre-pandemic levels by 16.3% and 6.2%, respectively.

In Armenia, passenger traffic surpassed pre-pandemic levels for the twelfth consecutive month, at 187.0% of April 2019 figures. On a YoY basis, passenger traffic increased 93.9%.

Cargo Volume and Aircraft Movements

Cargo volume increased 0.8% YoY to 80.5% of April 2019 levels, or 81.4% when adjusting for the discontinuation of operations in Peru. Cargo volumes in Armenia and Uruguay were above pre-pandemic levels, whereas Ecuador stood at 86.8%, Argentina at 80.8%, Italy at 78.2%, and Brazil at 54.5%. Over 70% of cargo volume originated in Argentina, Ecuador and Uruguay.

Aircraft movements increased 18.2% YoY and exceeded pre-pandemic levels by 1.2%, or by 4.9% when adjusting for the discontinuation of operations in Peru. Armenia, Uruguay, Argentina and Brazil, which together accounted for more than 80% of aircraft movements, exceeded April 2019 pre-pandemic levels, whereas Italy and Ecuador stood at 98.3% and 97.0%, respectively.

Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2023 vs. 2022)

 

Apr'23

Apr'22

% Var.

 

YTD'23

YTD'22

% Var.

Passenger Traffic (thousands)

 

 

 

 

 

 

 

Argentina(1)

3,315

2,549

30.1%

 

13,584

9,613

41.3%

Italy

722

575

25.6%

 

2,018

1,377

46.5%

Brazil

1,316

1,076

22.3%

 

5,566

4,918

13.2%

Uruguay

159

111

42.7%

 

656

434

50.9%

Ecuador

436

374

16.8%

 

1,578

1,246

26.7%

Armenia

406

209

93.9%

 

1,451

780

86.0%

TOTAL

6,354

4,894

29.8%

 

24,853

18,369

35.3%

(1) See Footnote 1 in previous table. (2) See Footnote 2 in previous table.

 

Cargo Volume (tons)

 

 

 

 

 

 

 

Argentina

15,218

16,815

-9.5%

 

58,840

59,948

-1.8%

Italy

1,004

1,093

-8.1%

 

4,366

5,002

-12.7%

Brazil

4,705

4,355

8.0%

 

20,751

18,314

13.3%

Uruguay(2)

3,586

3,225

11.2%

 

10,567

10,248

3.1%

Ecuador

2,878

2,819

2.1%

 

10,793

12,062

-10.5%

Armenia

2,547

1,401

81.8%

 

9,786

5,090

92.3%

TOTAL

29,939

29,709

0.8%

 

115,103

110,665

4.0%

Aircraft Movements

 

 

 

 

 

 

 

Argentina

36,910

30,935

19.3%

 

147,265

113,041

30.3%

Italy

6,745

5,721

17.9%

 

19,265

15,792

22.0%

Brazil

12,752

10,538

21.0%

 

51,462

44,221

16.4%

Uruguay

2,803

2,319

20.9%

 

11,984

9,919

20.8%

Ecuador

6,632

6,856

-3.3%

 

26,284

24,620

6.8%

Armenia

3,469

2,286

51.7%

 

12,885

7,437

73.3%

TOTAL

69,311

58,655

18.2%

 

269,145

215,030

25.2%

Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2023 vs. 2019)

 

Apr'23

Apr'19

% Var.

 

YTD'23

YTD'19

% Var.

Passenger Traffic (thousands)

 

 

 

 

 

 

 

Argentina(1)

3,315

3,391

-2.2%

 

13,584

14,494

-6.3%

Italy

722

736

-1.9%

 

2,018

2,156

-6.4%

Brazil

1,316

1,474

-10.7%

 

5,566

6,443

-13.6%

Uruguay

159

176

-9.4%

 

656

818

-19.9%

Ecuador

436

392

11.2%

 

1,578

1,497

5.4%

Armenia

406

217

87.0%

 

1,451

796

82.4%

Peru

 

275

-

 

-

1,028

-

TOTAL

6,354

6,661

-4.6%

 

24,853

27,233

-8.7%

(1) See Footnote 1 in previous table. (2) See Footnote 2 in previous table.

Cargo Volume (tons)

 

 

 

 

 

 

 

Argentina

15,218

18,825

-19.2%

 

58,840

74,881

-21.4%

Italy

1,004

1,285

-21.8%

 

4,366

4,365

0.0%

Brazil

4,705

8,639

-45.5%

 

20,751

32,163

-35.5%

Uruguay(2)

3,586

3,015

18.9%

 

10,567

9,394

12.5%

Ecuador

2,878

3,316

-13.2%

 

10,793

14,629

-26.2%

Armenia

2,547

1,704

49.5%

 

9,786

5,262

86.0%

Peru

-

389

-

 

-

1,579

-

TOTAL

29,939

37,172

-19.5%

 

115,103

142,274

-19.1%

Aircraft Movements

 

 

 

 

 

 

 

Argentina

36,910

35,553

3.8%

 

147,265

151,443

-2.8%

Italy

6,745

6,864

-1.7%

 

19,265

21,016

-8.3%

Brazil

12,752

12,714

0.3%

 

51,462

53,465

-3.7%

Uruguay

2,803

2,375

18.0%

 

11,984

11,712

2.3%

Ecuador

6,632

6,834

-3.0%

 

26,284

27,470

-4.3%

Armenia

3,469

1,744

98.9%

 

12,885

7,070

82.2%

Peru

-

2,383

-

 

-

9,029

-

TOTAL

69,311

68,467

1.2%

 

269,145

281,205

-4.3%

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 2022, Corporación América Airports served 65.6 million passengers, 83.7% above the 35.7 million passengers served in 2021 and 22.1% below the 84.2 million 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.

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