Corporación América Airports S.A. Reports 7.8% YoY Increase in Total Passenger Traffic in July 2018

LUXEMBOURG–(BUSINESS WIRE)–Corporación América Airports S.A. (NYSE:CAAP), (“CAAP” or the
“Company”) the largest private sector airport operator in the world by
number of airports, reported today preliminary year-over-year passenger
traffic growth of 7.8% in July 2018.

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights

 

 

 

 

 

 

 

 

 

 

Statistics

 

Jul’18

 

Jul’17

 

% Var.

YTD’18

 

YTD’17

 

% Var

Domestic Passengers (thousands)

 

4,322

 

3,800

 

13.7%

25,259

 

23,267

 

8.6%

International Passengers (thousands)

 

2,602

 

2,613

 

-0.4%

16,188

 

15,525

 

4.3%

Transit Passengers (thousands)

 

854

 

803

 

6.3%

5,154

 

4,541

 

13.5%

Total Passengers (thousands)

 

7,778

 

7,216

 

7.8%

46,601

 

43,332

 

7.5%

Cargo Volume (thousand tons)

 

31.2

 

30.7

 

1.6%

227.9

 

205.9

 

10.7%

Total Aircraft Movements (thousands)

 

78.8

 

75.7

 

4.1%

507.7

 

485.3

 

4.6%

 

Passenger Traffic Overview

Total passenger traffic in July 2018 increased by 7.8% compared
to the same period of 2017, primarily reflecting growth in Armenia,
Peru, Brazil and Argentina, with increases of 14.3%, 10.9%, 10.0% and
8.3%, respectively.

In Brazil, passenger traffic at Brasilia Airport increased 10.7% in July
2018, driven by additional frequencies in existing routes to several
domestic destinations by Gol, Latam and Azul.

In Argentina, despite more challenging macro conditions, traffic
increased 8.3% YoY, mainly driven by a 17.7% growth in domestic traffic,
partially offset by declines of 5% and 16.5% in international and
transit passengers, respectively. During the month, new domestic routes
were added by Fly Bondi and Avianca. Traffic also benefitted from
several new frequencies to existing routes, both domestic and
international that were added over the past 12-months.

Armenia reported an increase of 14.3%, resulting mainly from a
particularly higher load factor during the summer season.

Moreover, traffic continued to grow in Peru, although at a lower pace
reflecting the ramp up of Viva which began operations in May 2017.

CAAP’s airports in Italy reported a 2.3% YoY increase in traffic, mainly
due to the opening of new international and domestic flights, and the
addition of new frequencies taking place during the Italian summer
season. In particular, Pisa airport saw 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 Uruguay, passenger traffic declined 6.1% 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 was up 1.6% in July 2018. Growth was
primarily driven by Brazil which posted an 18.0% YoY increase, followed
by an 8.3% increase in Ecuador, both as a result of improved economic
conditions. On the contrary, cargo volume declined by 15.4% in Armenia,
due to reduced export activity to countries with political instability.
In Peru, the decline of 17% reflects unusually higher cargo activity in
July 2017, given a road block near Arequipa at that time.

Aircraft movements increased by 4.1% in July 2018 mainly driven
by Peru and Armenia, which increased 18.9% and 9.5%, followed by Brazil
and Argentina, with an increase of 15.2% and 2.2% respectively.

Summary Passenger Traffic, Cargo Volume and Aircraft Movements

 

 

 

 

 

 

 

 

 

 

Jul’18

 

Jul’17

 

% Var.

YTD’18

 

YTD’17

 

% Var.

Passenger Traffic (thousands)

 

 

 

 

 

 

 

 

 

 

 

Argentina

 

3,683

 

3,402

 

8.3%

22,757

 

20,901

 

8.9%

Italy

 

925

 

904

 

2.3%

4,682

 

4,557

 

2.7%

Brazil

 

1,954

 

1,776

 

10.0%

11,776

 

11,065

 

6.4%

Uruguay

 

186

 

198

 

-6.1%

1,381

 

1,348

 

2.4%

Ecuador

 

392

 

369

 

6.3%

2,523

 

2,404

 

4.9%

Armenia

 

320

 

280

 

14.3%

1,526

 

1,371

 

11.3%

Peru

 

318

 

287

 

10.9%

1,957

 

1,687

 

16.0%

TOTAL

 

7,778

 

7,216

 

7.8%

46,601

 

43,332

 

7.5%

 

 

 

 

 

Cargo Volume (tons)

 

 

 

 

 

 

 

 

 

 

 

Argentina

 

17,452

 

17,589

 

-0.8%

134,495

 

117,576

 

14.4%

Italy

 

1,088

 

1,012

 

7.5%

6,774

 

6,416

 

5.6%

Brazil

 

5,567

 

4,718

 

18.0%

35,348

 

30,579

 

15.6%

Uruguay

 

1,937

 

2,135

 

-9.3%

15,488

 

15,702

 

-1.4%

Ecuador

 

3,250

 

3,002

 

8.3%

23,783

 

20,155

 

18.0%

Armenia

 

1,498

 

1,771

 

-15.4%

9,297

 

12,633

 

-26.4%

Peru

 

406

 

489

 

-17.0%

2,764

 

2,798

 

-1.2%

TOTAL

 

31,199

 

30,717

 

1.6%

227,949

 

205,858

 

10.7%

 

Aircraft Movements

 

 

 

 

 

 

 

 

 

 

 

Argentina

 

38,828

 

36,927

 

5.1%

258,165

 

239,951

 

7.6%

Italy

 

8,652

 

8,777

 

-1.4%

44,582

 

45,266

 

-1.5%

Brazil

 

16,411

 

15,947

 

2.9%

107,567

 

105,640

 

1.8%

Uruguay

 

2,439

 

2,285

 

6.7%

20,509

 

19,825

 

3.5%

Ecuador

 

6,954

 

6,922

 

0.5%

44,994

 

46,861

 

-4.0%

Armenia

 

2,431

 

2,221

 

9.5%

13,382

 

12,059

 

11.0%

Peru

 

3,083

 

2,594

 

18.9%

18,525

 

15,677

 

18.2%

TOTAL

 

78,798

 

75,673

 

4.1%

507,724

 

485,279

 

4.6%

To obtain the full text of this press release, please click on the
following link: http://investors.corporacionamericaairports.com

About Corporación América Airports

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”. For more
information, visit http://investors.corporacionamericaairports.com.

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