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

LUXEMBOURG–(BUSINESS WIRE)–Corporación América Airports S.A. (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.


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 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 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 Argentina, total 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 Italy, passenger 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 Brazil, total 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 Uruguay, where 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 Ecuador, passenger 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 Armenia, where 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 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

 

211.7%

Italy

   

741

 

451

 

64.1%

 

 

 

5,151

 

1,730

 

197.8%

Brazil

   

1,380

 

1,191

 

15.9%

 

 

 

11,403

 

8,138

 

40.1%

Uruguay

   

126

 

51

 

147.2%

 

 

 

1,006

 

228

 

340.7%

Ecuador

   

376

 

263

 

43.1%

 

 

 

3,116

 

1,663

 

87.3%

Armenia

   

403

 

281

 

43.2%

 

 

 

2,632

 

1,705

 

54.4%

Peru

   

 

207

 

-100.0%

 

 

 

 

1,299

 

-100.0%

TOTAL

   

6,085

 

3,723

 

63.5%

 

 

 

47,257

 

22,447

 

110.5%

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

         

Cargo Volume (tons)

   

 

 

 

 

 

 

 

           

Argentina

   

15,056

 

15,370

 

-2.0%

     

134,716

 

123,700

 

8.9%

Italy

   

1,299

 

1,376

 

-5.6%

     

11,091

 

10,941

 

1.4%

Brazil

   

5,651

 

5,182

 

9.1%

     

41,231

 

45,136

 

-8.7%

Uruguay(2)

   

2,248

 

2,303

 

-2.4%

     

24,198

 

22,059

 

9.7%

Ecuador

   

2,532

 

1,848

 

37.0%

     

25,227

 

16,237

 

55.4%

Armenia

   

2,186

 

1,300

 

68.2%

     

14,181

 

11,661

 

21.6%

Peru

   

 

306

 

-100.0%

     

 

2,178

 

-100.0%

TOTAL

   

28,972

 

27,684

 

4.7% 

     

250,644

 

231,912

 

8.1% 

Aircraft Movements

   

 

 

 

 

 

     

 

 

 

 

 

Argentina

   

33,419

 

19,990

 

67.2%

     

276,659

 

150,324

 

84.0%

Italy

   

7,300

 

5,727

 

27.5%

     

53,492

 

26,378

 

102.8%

Brazil

   

12,333

 

11,404

 

8.1%

     

105,440

 

80,930

 

30.3%

Uruguay

   

2,014

 

1,389

 

45.0%

     

19,539

 

10,407

 

87.7%

Ecuador

   

6,424

 

5,272

 

21.9%

     

57,545

 

39,120

 

47.1%

Armenia

   

3,705

 

2,347

 

57.9%

     

25,121

 

15,394

 

63.2%

Peru

   

 

1,642

 

-100.0%

     

 

12,584

 

-100.0%

TOTAL

   

65,195

 

47,771

 

36.5% 

     

537,796

 

335,137

 

60.5%

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

     

Sep’22

 

Sep’19

 

% Var.

 

 

YTD’22

 

YTD’19

 

% Var.

Passenger Traffic (thousands)

   

 

 

 

 

 

 

     

 

 

 

Argentina(1)

   

3,060

 

3,608

 

-15.2%

 

 

23,949

 

32,759

 

-26.9%

Italy

   

741

 

862

 

-14.1%

 

 

5,151

 

6,431

 

-19.9%

Brazil

   

1,380

 

1,483

 

-7.0%

 

 

11,403

 

13,947

 

-18.2%

Uruguay

   

126

 

175

 

-28.0%

 

 

1,006

 

1,665

 

-39.6%

Ecuador

   

376

 

329

 

14.3%

 

 

3,116

 

3,382

 

-7.9%

Armenia

   

403

 

332

 

21.2%

 

 

2,632

 

2,424

 

8.6%

Peru

   

 

332

 

-100.0%

 

 

 

2,642

 

-100.0%

TOTAL

   

6,085

 

7,122

 

-14.6%

 

 

47,257

 

63,251

 

-25.3%

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

       

Cargo Volume (tons)

   

 

 

 

 

 

 

           

Argentina

   

15,056

 

17,932

 

-16.0%

   

134,716

 

164,377

 

-18.0%

Italy

   

1,299

 

1,072

 

21.1%

   

11,091

 

9,567

 

15.9%

Brazil

   

5,651

 

5,857

 

-3.5%

   

41,231

 

68,362

 

-39.7%

Uruguay(2)

   

2,248

 

2,167

 

3.8%

   

24,198

 

20,983

 

15.3%

Ecuador

   

2,532

 

2,316

 

9.3%

   

25,227

 

29,360

 

-14.1%

Armenia

   

2,186

 

2,091

 

4.5%

   

14,181

 

13,697

 

3.5%

Peru

   

 

431

 

-100.0%

   

 

3,771

 

-100.0%

TOTAL

   

28,972

 

31,866

 

-9.1%

     

250,644

 

310,116

 

-19.2% 

Aircraft Movements

   

 

 

 

 

 

   

 

 

 

 

 

Argentina

   

33,419

 

36,327

 

-8.0%

   

276,659

 

338,064

 

-18.2%

Italy

   

7,300

 

7,931

 

-8.0%

   

53,492

 

61,514

 

-13.0%

Brazil

   

12,333

 

13,235

 

-6.8%

   

105,440

 

119,289

 

-11.6%

Uruguay

   

2,014

 

2,054

 

-1.9%

   

19,539

 

22,125

 

-11.7%

Ecuador

   

6,424

 

5,856

 

9.7%

   

57,545

 

60,958

 

-5.6%

Armenia

   

3,705

 

2,788

 

32.9%

   

25,121

 

20,424

 

23.0%

Peru

   

 

2,772

 

-100.0%

   

 

22,937

 

-100.0%

TOTAL

   

65,195

 

70,963

 

-8.1%

     

537,796

 

645,311

 

-16.7%

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.

Contacts

Investor Relations Contact
Patricio Iñaki Esnaola

Email: patricio.esnaola@caairports.com
Phone: +5411 4899-6716

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