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Corporación América Airports SA reports passenger traffic as of April 2024

Monthly Passenger Traffic Performance (in Million PAX) (Graph: Business Wire)

Monthly Passenger Traffic Performance (in Million PAX) (Graph: Business Wire)

Total passenger traffic fell 4.8% y/y, or 2.2% y/y ex-Natal

International passenger traffic increased by 6.3% year-on-year

LUXEMBOURG, May 20, 2024–(BUSINESS WIRE)–Corporación América Airports SA (NYSE: CAAP), (“CAAP” or the “Company”), one of the world’s leading private airport operators, today reported a 4.8% year-on-year decline in passenger traffic in April 2024. Excluding Natal for comparison purposes, total traffic fell by 2.2% annually.

Passenger traffic, freight volume and aircraft movements highlights (2024 vs. 2023)

Statistics

April 24

April 23

% Var.

JTD’24

JTD’23

% Var.

Domestic passengers (thousands)

3,110

3,608

-13.8%

13,340

14,132

-5.6%

International passengers (thousands)

2,404

2,262

6.3%

9,360

8,398

11.5%

Transit passengers (thousands)

536

485

10.4%

2,334

2,322

0.5%

Total passengers (thousands)

6,050

6,354

-4.8%

25,034

24,853

0.7%

Cargo volume (thousand tons)

33.0

29.9

10.3%

121.0

115.1

5.1%

Total aircraft movements (thousands)

64.4

69.3

-7.1%

264.5

269.1

-1.7%

Passenger traffic overview

Total passenger traffic decreased by 4.8% compared to the same month in 2023, or 2.2% after adjusting for the closure of Natal airport. Domestic passenger traffic fell 13.8% year-on-year (year-on-year), or 9.9% excluding Natal, mainly driven by weaker performances in Argentina and Ecuador. International traffic increased by 6.3%, mainly driven by Argentina and Italy and, to a lesser extent, Ecuador and Uruguay.

In ArgentinaTotal passenger traffic fell 5.2% year-on-year, driven by weaker performance in domestic traffic, which fell 11.0% year-on-year. Domestic traffic, which last year included incentives from a government program (called ‘Previaje’) to boost domestic tourism, was also affected by some flight cancellations and the temporary suspension of some Aerolíneas Argentinas routes. In addition, Bariloche Airport was closed for four days for maintenance work. International passenger traffic continued to perform well, increasing by 9.3% year-on-year.

In Italypassenger traffic grew by 12.0% compared to the same month in 2023. International passenger traffic, which accounted for more than 80% of total traffic, increased by 14.1% year-on-year, with strong performances at both Pisa airports like that of Florence. Domestic passenger traffic rose 3.6% year-on-year, driven by weaker performance at Pisa airport, where a number of pre-pandemic domestic destinations have yet to resume.

In BrazilTotal passenger traffic fell 13.4% year-on-year, or 1.0% year-on-year after adjusting for the closure of Natal Airport. Domestic traffic, which accounted for almost 60% of total traffic, fell 24.3% year-on-year, or 7.8% excluding Natal, while transit traffic increased 12.0% year-on-year. Traffic in Brazil continued to be severely affected by financial constraints and aircraft restrictions at some local airlines. As a reminder, following the amicable termination process concluded in February 2024, CAAP will no longer operate Natal Airport as of February 19, 2024. Therefore, statistics for Natal are available until February 18, 2024.

In UruguayTotal passenger traffic, mainly international, continued its recovery, rising 2.0% year-on-year, despite a difficult comparison with the Easter holidays in April last year. JetSMART Airlines has announced the launch of a new route between Montevideo and Buenos Aires in May, while SKY Airline will increase the frequency of its Montevideo to Lima route also in May.

In EcuadorPassenger traffic fell 6.2% year-on-year, as the increase in international traffic was more than offset by the weak performance of domestic traffic. International passenger traffic increased 2.0% year-on-year, while domestic traffic fell 13.1% year-on-year, mainly due to the departure of local airline Equair.

In ArmeniaPassenger traffic fell 4.4% year-on-year, following a strong recovery in 2023, which benefited from the introduction of new airlines and increased flight frequencies.

Freight volume and aircraft movements

Loading volume increased by 10.3% compared to the same month in 2023, with positive year-on-year contributions from all active countries, except Uruguay, where freight volume fell by 24.1%. Argentina, Ecuador and Brazil accounted for over 70% of the total volume and saw year-on-year increases of 13.2%, 29.2% and 10.6% respectively.

Airplane movements fell by 7.1% year-on-year, with all countries where operations experienced a year-on-year decline, except Italy, where air movements increased by 10.2% year-on-year. Argentina, Brazil and Italy accounted for more than 80% of total air transport movements in April.

Summary of passenger traffic, freight volume and aircraft movements (2024 versus 2023)

April 24

April 23

% Var.

JTD’24

JTD’23

% Var.

Passenger traffic (thousands)

Argentina

3,142

3,315

-5.2%

13,954

13,584

2.7%

Italy

809

722

12.0%

2,285

2.018

13.2%

Brazil (1)

1,139

1,316

-13.4%

5,044

5,566

-9.4%

Uruguay

162

159

2.0%

801

656

22.2%

Ecuador

409

436

-6.2%

1,519

1,578

-3.7%

Armenia

388

406

-4.4%

1,431

1,451

-1.4%

TOTAL

6,050

6,354

-4.8%

25,034

24,853

0.7%

(1)

Following the amicable termination process concluded in February 2024, CAAP no longer operates Natal Airport. Statistics for Natal are available until February 18, 2024.

Loading volume (tonnes)

Argentina

17,229

15,218

13.2%

61,463

58,840

4.5%

Italy

1,060

1,004

5.5%

4,175

4,366

-4.4%

Brazil

5,205

4,705

10.6%

20,612

20,751

-0.7%

Uruguay

2,720

3,586

-24.1%

9,613

10,567

-9.0%

Ecuador

3,717

2,878

29.2%

13,012

10,793

20.6%

Armenia

3,083

2,547

21.0%

12,082

9,786

23.5%

TOTAL

33,014

29,939

10.3%

120,957

115,103

5.1%

Airplane movements

Argentina

34,293

36,910

-7.1%

148,308

147,265

0.7%

Italy

7,432

6,745

10.2%

21,127

19,265

9.7%

Brazil

11,349

12,752

-11.0%

46,956

51,462

-8.8%

Uruguay

2,434

2,803

-13.2%

12,154

11,984

1.4%

Ecuador

5,995

6,632

-9.6%

24,982

26,284

-5.0%

Armenia

2,919

3,469

-15.9%

11,008

12,885

-14.6%

TOTAL

64,422

69,311

-7.1%

264,535

269,145

-1.7%

About Corporación América Airports

Corporación América Airports acquires, develops and operates airport concessions. Currently, the company operates 52 airports in 6 countries in Latin America and Europe (Argentina, Brazil, Uruguay, Ecuador, Armenia and Italy). In 2023, Corporación América Airports served 81.1 million passengers, up 23.7% from 65.6 million passengers in 2022 and down 3.6% from 84.2 million passengers 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 the source version on businesswire.com: https://www.businesswire.com/news/home/20240520177353/en/

Contacts

Contact person for Investor Relations
Patricio Inaki Esnaola
Email: [email protected]
Phone: +5411 4899-6716