Corporacion America Airports Performance

Corporación América Airports S.A. Reports 5.8% YoY Increase in Total Passenger Traffic in August 2018

Corporacion America Airports

Corporación América Airports S.A. (NYSE: CAAP), the largest private sector airport operator in the world by number of airports, reported today preliminary year-over-year passenger traffic growth of 5.8% in August 2018.

         
Passenger Traffic, Cargo Volume and Aircraft Movements Highlights  
Statistics   Ago’18   Ago’17   % Var. YTD’18   YTD’17   % Var
Domestic Passengers (thousands)   4,103   3,687   11.3% 29,362   26,953   8.9%
International Passengers (thousands)   2,526   2,521   0.2% 18,714   18,046   3.7%
Transit Passengers (thousands)   766   779   -1.6% 5,920   5,320   11.3%
Total Passengers (thousands)   7,395   6,987   5.8% 53,996   50,319   7.3%
Cargo Volume (thousand tons)   31.2   31.1   0.3% 259.1   237.0   9.4%
Total Aircraft Movements (thousands)   79.9   76.8   4.1% 587.6   562.1   4.6%
   

Passenger Traffic Overview

Total passenger traffic in August 2018 increased by 5.8% YoY, primarily reflecting growths of 6.6% in Argentina, 18.5% in Armenia, 4.3% in Italy and 2.3% in Brazil.

In Argentina, passenger traffic increased 6.6% YoY, mainly driven by a 15.1% growth in domestic traffic, partially offset by declines of 7.1% and 10.9% in international and transit passengers, respectively, reflecting more challenging macro conditions. Domestic traffic benefited from the incorporation of several new frequencies to existing routes, both domestic and international, that were added over the past 12 months. Several new airlines have announced they will start operating during the next months: Norwegian airlines plans to open seven domestic routes, Chilean low-cost company JetSmart expects to open international routes from Santiago de Chile and La Serena to three provinces in Argentina and LASA Airlines anticipates it will inaugurate domestic and international routes, operating from Neuquén Airport.

In Armenia, passenger traffic at Zvartnots Airport increased during this month mainly due to the increase in international passengers coming from the US during summer season. This increase was partially offset by a decrease in passengers coming from Russia and other European destinations. In Shirak Airport, passenger traffic benefited from the opening of new routes to new destinations in Russia.

In Italy, passenger traffic increased 4.3% YoY. Pisa Airport continued to reflect a considerable increase in passengers travelling to Russia, and at Florence Airport, the new route to Lisbon, Portugal, opened last June, continued to perform very well.

In Brazil, passenger traffic at Brasilia Airport increased 3.1% YoY, driven by the addition of new frequencies to existing routes in several domestic destinations by Gol, Latam and Azul. Moreover, Gol announced the opening of a new international route, that is expected to open in December, with six weekly flights between Brasilia, Brazil and Buenos Aires, Argentina.

In Uruguay, passenger traffic declined 6.0% mainly due to currency depreciation in neighboring countries Brazil and Argentina, which resulted in a decrease in passengers.

Cargo Volume and Aircraft Movements

Cargo volume remained relatively flat in August 2018. Brazil posted a 19.0% YoY increase, followed by an 11.0% increase in Ecuador. On the contrary, cargo volume declined by 9.3% in Armenia, due to reduced export activity to countries with political instability. In Argentina, cargo volume declined 4.9% YoY due to macro conditions.

Aircraft movements increased by 4.1% in August 2018 mainly driven by Peru and Armenia, which increased 19.3% and 10.9%, respectively, followed by Argentina, with an increase of 6.7%.

       
Summary Passenger Traffic, Cargo Volume and Aircraft Movements          
    Ago’18   Ago’17   % Var. YTD’18   YTD’17   % Var.
Passenger Traffic (thousands)                      
Argentina   3,507   3,290   6.6% 26,263   24,191   8.6%
Italy   917   880   4.3% 5,599   5,436   3.0%
Brazil   1,693   1,655   2.3% 13,468   12,720   5.9%
Uruguay   171   182   -6.0% 1,552   1,530   1.4%
Ecuador   417   383   8.9% 2,939   2,786   5.5%
Armenia   347   293   18.5% 1,873   1,664   12.6%
Peru   344   305   12.6% 2,301   1,992   15.5%
TOTAL   7,395   6,987   5.8% 53,996   50,319   7.3%
     
Cargo Volume (tons)          
Argentina   17,386   18,290   -4.9% 151,881   135,865   11.8%
Italy   695   546   27.3% 7,469   6,961   7.3%
Brazil   5,439   4,571   19.0% 40,787   35,151   16.0%
Uruguay   2,044   2,145   -4.7% 17,532   17,847   -1.8%
Ecuador   3,168   2,855   11.0% 26,951   23,009   17.1%
Armenia   2,039   2,248   -9.3% 11,336   14,881   -23.8%
Peru   428   462   -7.2% 3,193   3,259   -2.0%
TOTAL   31,199   31,116   0.3% 259,148   236,974   9.4%
 
Aircraft Movements                      
Argentina   40,494   37,941   6.7% 298,659   277,892   7.5%
Italy   8,467   8,247   2.7% 53,049   53,513   -0.9%
Brazil   15,809   16,367   -3.4% 123,376   122,007   1.1%
Uruguay   2,362   2,393   -1.3% 22,871   22,218   2.9%
Ecuador   7,147   6,941   3.0% 52,141   53,802   -3.1%
Armenia   2,504   2,258   10.9% 15,886   14,317   11.0%
Peru   3,141   2,632   19.3% 21,666   18,309   18.3%
TOTAL   79,924   76,779   4.1% 587,648   562,058   4.6%
 

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 2017, Corporación América Airports served 76.6 million passengers. The Company is listed on the New York Stock Exchange where it trades under the ticker “CAAP”.



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