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Corporación América Airports S.A. Reports June 2023 Passenger Traffic

Total passenger traffic up 32.4% YoY surpassing pre-pandemic levels, for the first time Armenia, Ecuador, Argentina and Brazil above June 2019 levels; Aircraft movements above June 2019

Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”) a leading private airport operator in the world, reported today a 32.4% year-on-year (YoY) increase in passenger traffic in June 2023, surpassing pre-pandemic levels of June 2019 by 2.6% for the first time.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230717078963/en/

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

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

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2023 vs. 2022)

 

Statistics

Jun'23

Jun'22

% Var.

 

YTD’23

YTD'22

% Var.

 

Domestic Passengers (thousands)

3,812

2,882

32.3%

 

21,679

17,276

25.5%

 

International Passengers (thousands)

2,371

1,863

27.2%

 

13,065

8,737

49.5%

 

Transit Passengers (thousands)

609

385

58.3%

 

3,482

2,564

35.8%

 

Total Passengers (thousands)

6,792

5,130

32.4%

 

38,226

28,577

33.8%

 

Cargo Volume (thousand tons)

29.3

27.4

6.7%

 

175.9

168.9

4.2%

 

Total Aircraft Movements (thousands)

73.0

61.4

18.8%

 

414.7

337.6

22.8%

 

 

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2023 vs. 2019)

Statistics

Jun'23

Jun'19

% Var.

 

YTD’23

YTD'19(1)(2)

% Var.

 

Domestic Passengers (thousands)

3,812

3,658

4.2%

 

21,679

22,704

-4.5%

 

International Passengers (thousands)

2,371

2,355

0.7%

 

13,065

13,747

-5.0%

 

Transit Passengers (thousands)

609

610

-0.1%

 

3,482

4,125

-15.6%

 

Total Passengers (thousands)

6,792

6,623

2.6%

 

38,226

40,577

-5.8%

 

Cargo Volume (thousand tons)

29.3

33.0

-11.2%

 

175.9

210.7

-16.5%

 

Total Aircraft Movements (thousands)

73.0

67.9

7.5%

 

414.7

419.6

-1.2%

 

 

(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 32.4% compared to the same month of 2022, supported by the ongoing recovery in travel demand after the Covid-19 pandemic and the gradual resumption of routes and frequencies across all countries of operations. Overall passenger traffic reached 102.6% of June 2019 levels, up from 97.9% posted in May, with international and domestic passenger traffic surpassing pre-pandemic levels of June 2019 by 0.7% and 4.2%, respectively.

In Argentina, total passenger traffic continued to recover increasing 36.6% YoY and surpassing pre-pandemic volumes, by 5.9%. International passenger traffic reached 83.1% of pre-pandemic levels, up from the 81.5% recorded in May, while domestic passenger traffic surpassed June 2019 pre-pandemic levels by 15.6%. On April 14, the Company inaugurated a state of the art new departures terminal at Ezeiza Airport, with capacity to serve up to 30 million passengers per year.

In Italy, passenger traffic grew 9.7% versus the same month of 2022. When compared to pre-pandemic levels, total traffic stood at 98.3% of June 2019, slightly up from 97.9% in May. International passenger traffic, which accounted for almost 80% of total traffic, reached 95.7% of June 2019 levels, whereas domestic passenger traffic surpassed pre-pandemic levels by 8.7%.

In Brazil, total passenger traffic increased 32.0% YoY and surpassed, for the first time, pre-pandemic volumes by 2.6%. Domestic traffic, which accounted for almost two thirds of total traffic, surpassed pre-pandemic levels by 6.8%, whereas transit passengers reached 95.1% of June 2019 levels, up from 86.4% in May.

In Uruguay, total passenger traffic, which is largely international, increased 29.1% YoY and reached 85.1% of June 2019 levels, slightly up from 84.4% in May.

In Ecuador, passenger traffic increased 23.4% YoY and surpassed pre-pandemic volumes by 10.1%. Both domestic and international passenger traffic exceeded pre-pandemic levels by 16.8% and 3.4%, respectively.

In Armenia, passenger traffic increased by 63.7% YoY and surpassed the pre-pandemic levels of June 2019 by 82.4%, thus sustaining a solid recovery trend.

Cargo Volume and Aircraft Movements

Cargo volume increased 6.7% YoY to 88.8% of June 2019 levels, or 89.8% when adjusting for the discontinuation of operations in Peru. Cargo volumes in Armenia, Uruguay and Italy were above pre-pandemic levels, whereas Argentina stood at 88.6%, Brazil at 71.7%, and Ecuador at 68.1%. Almost 70% of cargo volume originated in Argentina, Ecuador and Uruguay.

Aircraft movements increased 18.8% YoY and exceeded pre-pandemic levels by 7.5%, or by 12.0% when adjusting for the discontinuation of operations in Peru. All the countries of operations, except Ecuador, exceeded June 2019 pre-pandemic levels. Aircraft movements in Ecuador stood at 99.6%.

Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2023 vs. 2022)

Jun'23

Jun'22

% Var.

 

YTD'23

YTD'22

% Var.

Passenger Traffic (thousands)

 

Argentina(1)

3,506

2,567

36.6%

 

20,531

14,734

39.3%

Italy

824

751

9.7%

 

3,610

2,795

29.1%

Brazil

1,415

1,072

32.0%

 

8,372

7,115

17.7%

Uruguay

135

104

29.1%

 

930

648

43.5%

Ecuador

398

322

23.4%

 

2,385

1,929

23.6%

Armenia

514

314

63.7%

 

2,399

1,355

77.0%

TOTAL

6,792

5,130

32.4%

 

38,226

28,577

33.8%

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

 
Cargo Volume (tons)

 

Argentina

15,072

14,643

2.9%

90,687

90,320

0.4%

Italy

1,163

1,320

-11.9%

6,735

7,598

-11.4%

Brazil

5,450

4,567

19.3%

31,534

28,182

11.9%

Uruguay(2)

2,834

2,514

12.7%

15,950

17,041

-6.4%

Ecuador

2,229

2,734

-18.5%

15,934

17,654

-9.7%

Armenia

2,525

1,666

51.6%

15,101

8,078

86.9%

TOTAL

29,273

27,444

6.7%

175,941

168,874

4.2%

Aircraft Movements

 

 

 

Argentina

37,928

30,640

23.8%

223,141

174,724

27.7%

Italy

8,265

7,607

8.6%

35,042

30,406

15.2%

Brazil

13,965

11,240

24.2%

79,654

67,169

18.6%

Uruguay

2,249

1,940

15.9%

16,557

13,855

19.5%

Ecuador

6,518

6,787

-4.0%

39,677

38,118

4.1%

Armenia

4,062

3,206

26.7%

20,647

13,320

55.0%

TOTAL

72,987

61,420

18.8%

414,718

337,592

22.8%

 

Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2023 vs. 2019)

 

Jun'23

Jun'19

% Var.

YTD'23

YTD'19

% Var.

Passenger Traffic (thousands)

 

Argentina(1)

3,506

3,312

5.9%

20,531

21,221

-3.2%

Italy

824

839

-1.7%

3,610

3,779

-4.5%

Brazil

1,415

1,380

2.6%

8,372

9,254

-9.5%

Uruguay

135

158

-14.9%

930

1,142

-18.6%

Ecuador

398

361

10.1%

2,385

2,231

6.9%

Armenia

514

282

82.4%

2,399

1,321

81.6%

Peru

 

292

-

-

1,631

-

TOTAL

6,792

6,623

2.6%

38,226

40,577

-5.8%

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

 

 

 

 

Cargo Volume (tons)

 

 

 

Argentina

15,072

17,020

-11.4%

90,687

110,842

-18.2%

Italy

1,163

1,042

11.5%

6,735

6,508

3.5%

Brazil

5,450

7,605

-28.3%

31,534

47,380

-33.4%

Uruguay(2)

2,834

2,105

34.6%

15,950

14,163

12.6%

Ecuador

2,229

3,275

-31.9%

15,934

21,150

-24.7%

Armenia

2,525

1,540

64.0%

15,101

8,294

82.1%

Peru

-

376

-

-

2,362

-

TOTAL

29,273

32,963

-11.2%

175,941

210,699

-16.5%

 
Aircraft Movements
Argentina

37,928

34,291

10.6%

223,141

221,927

0.5%

Italy

8,265

8,080

2.3%

35,042

36,596

-4.2%

Brazil

13,965

11,945

16.9%

79,654

78,375

1.6%

Uruguay

2,249

1,937

16.1%

16,557

15,851

4.5%

Ecuador

6,518

6,544

-0.4%

39,677

40,940

-3.1%

Armenia

4,062

2,361

72.0%

20,647

11,375

81.5%

Peru

-

2,708

-

-

14,535

-

TOTAL

72,987

67,866

7.5%

414,718

419,599

-1.2%

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 2022, Corporación América Airports served 65.6 million passengers, 83.7% above the 35.7 million passengers served in 2021 and 22.1% below the 84.2 million 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.

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