Corporación América Airports SA Reports September 2022 Passenger Traffic – QNT Press Release


Total passenger traffic continued to recover reaching 85.4% of September 2019 levels

Armenia and Ecuador above pre-pandemic levels; Brazil and Argentina at 93% and 85%, respectively

Cargo volume and aircraft movements above 90% of pre-pandemic figures

Corporación América Airports SA (NYSE:CAAP), (“CAAP” or the “Company”) a leading private airport operator in the world, reported today a 63.5% YoY increase in passenger traffic in September 2022, reaching 85.4% of September 2019 levels.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221017005847/en/

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

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2022 vs. 2021)

Statistics

Sep’22

Sep’21

% Var.

YTD’22

YTD’21

% Var.

Domestic Passengers (thousands)

3,226

2,333

38.3%

27,465

14,005

96.1%

International Passengers (thousands)

2,180

928

134.8%

15,347

5,076

202.4%

Transit Passengers (thousands)

680

462

47.3%

4,445

3,366

32.1%

Total Passengers (thousands)

6,085

3,723

63.5%

47,257

22,447

110.5%

Cargo Volume (thousand tons)

29.0

27.7

4.7%

250.6

231.9

8.1%

Total Aircraft Movements (thousands)

65.2

47.8

36.5%

537.8

335.1

60.5%

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2022 vs. 2019)

Statistics

Sep’22

Sep’19

% Var.

YTD’22

YTD’19(1)(2)

% Var.

Domestic Passengers (thousands)

3,226

3,979

-18.9%

27,465

35,463

-22.6%

International Passengers (thousands)

2,180

2,490

-12.5%

15,347

21,590

-28.9%

Transit Passengers (thousands)

680

652

4.3%

4,445

6,198

-28.3%

Total Passengers (thousands)

6,085

7,122

-14.6%

47,257

63,251

-25.3%

Cargo Volume (thousand tons)

29.0

31.9

-9.1%

250.6

310.1

-19.2%

Total Aircraft Movements (thousands)

65.2

71.0

-8.1%

537.8

645.3

-16.7%

(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 passenger departure.

(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 63.5% compared to the same month of last year, driven by increases across all countries of operations, particularly in Argentina, supported by a continued recovery in travel demand following the gradual lifting of travel restrictions across all countries of operations. Overall passenger traffic recovered to 85.4% of September 2019 levels, from 83.2% in August, with international and domestic passenger traffic reaching 87.5% and 81.1% of September 2019 levels, respectively.

In Argentinatotal passenger traffic continued to recover increasing 139.3% YoY and reaching 84.8% of September 2019 levels, up from the 79.5% posted in August. International passenger traffic improved to 78.6% of pre-pandemic levels, compared with 69.6% in August, showing a continued recovery since the full re-opening of borders on November 1, 2021 and the lifting of travel requirements. Domestic passenger traffic increased sequentially reaching 87.8% of September 2019 levels, up from the 83.0% posted in August.

In Italypassenger traffic grew 64.1% YoY reaching 85.9% of September 2019 levels, down from the 89.2% posted in August, when passenger traffic benefited from the summer season. Effective June 1, 2022, all travel restrictions and Covid-related entry regulations were fully lifted.

In Braziltotal passenger traffic increased 15.9% YoY, and reached 93.0% of September 2019 levels, down from 97.7% recorded in August. Domestic traffic, which accounted for 55% of total traffic, stood at 83.9% of pre-pandemic levels whereas transit passengers exceeded September 2019 levels by 9.9%.

Total passenger traffic in Uruguaywhere traffic is largely international, increased 147.2% YoY and reached 72.0% of September 2019 levels, up from the 67.6% posted in August.

In Ecuadorpassenger traffic surpassed pre-pandemic levels for the second consecutive month, at 114.3% of September 2019 figures, and increased 43.1% YoY. International passenger traffic improved to 112.9% of pre-pandemic levels, supported by routes to Europe, as well as the US and Panama, whereas domestic passenger traffic exceeded September 2019 pre-pandemic levels by 15.0%.

In Armeniawhere traffic is entirely international, passenger traffic surpassed pre-pandemic levels for the fifth consecutive month, at 121.2% of September 2019 figures, improving from the 112.4% and 114.1% recorded in July and August, respectively. On a YoY basis, passenger traffic increased by 43.2%.

Cargo Volume and Aircraft Movements

Cargo volume increased 4.7% YoY and stood at 90.9% of September 2019 levels, or at 92.2% when adjusting for the discontinuation in Peru. Over 70% of cargo volume originated in Argentina and Brazil, which reported volume declines of 16.0% and 3.5% versus September 2019 pre-pandemic levels. Cargo volumes in Uruguay, Armenia, Ecuador and Italy were above pre-pandemic levels, whereas Argentina and Brazil stood at 84.0% and 96.5%, respectively.

Aircraft movements increased 36.5% YoY reaching 91.9% of September 2019 levels, or at 95.6% when adjusting for the discontinuation of operations in Peru. Around 70% of aircraft movements originated in Argentina and Brazil, which reached 92.0% and 93.2% of September 2019 levels, respectively. Aircraft movements in all countries of operations were above 92% of September 2019 levels, with Armenia and Ecuador exceeding pre-pandemic levels by 32.9% and 9.7%, respectively.

Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2022 vs. 2021)

Sep’22

Sep’21

% Var.

YTD’22

YTD’21

% Var.

Passenger Traffic (thousands)

Argentina(1)

3,060

1,279

139.3%

23,949

7,684

Full story available on Benzinga.com



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