Corporación América Airports S.A. Reports April 2022 Passenger Traffic


LUXEMBOURG–()–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 a 202.1% YoY increase in passenger traffic in April 2022, reaching 73.5% of pre-pandemic levels of April 2019.

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2022 vs. 2021)

 

Statistics

Apr’22

Apr’21

% Var.

 

YTD’22

YTD’21(1)(2)(3)

% Var.

 

Domestic Passengers (thousands)

2,953

1,090

170.8%

 

11,428

5,458

109.4%

 

International Passengers (thousands)

1,587

328

384.1%

 

5,125

1,364

275.7%

 

Transit Passengers (thousands)

354

201

75.7%

 

1,817

1,333

36.3%

 

Total Passengers (thousands)

4,894

1,620

202.1%

 

18,369

8,155

125.2%

 

Cargo Volume (thousand tons)

29.7

30.1

-1.2%

 

110.7

97.9

13.0%

 

Total Aircraft Movements (thousands)

58.7

30.5

92.3%

 

215.0

128.9

66.8%

 

 

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

 

Statistics

 

 

 

 

 

 

 

 

Domestic Passengers (thousands)

2,953

3,734

-20.9%

 

11,428

15,279

-25.2%

 

International Passengers (thousands)

1,587

2,306

-31.1%

 

5,125

9,060

-43.4%

 

Transit Passengers (thousands)

354

622

-43.1%

 

1,817

2,894

-37.2%

 

Total Passengers (thousands)

4,894

6,661

-26.5%

 

18,369

27,233

-32.5%

 

Cargo Volume (thousand tons)

29.7

37.2

-20.1%

 

110.7

142.3

-22.2%

 

Total Aircraft Movements (thousands)

58.7

68.5

-14.3%

 

215.0

281.2

-23.5%

 

 

(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)

 

Preliminary data on 1,256 flights in January 2020 at Brasilia Airport, due to delays in the submission of information by third parties.

(3)

 

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 in April 2022 grew 202.1% compared to the same month of last year, driven by increases across all countries of operations, particularly in Brazil, Italy and Argentina, where traffic demand continued to recover, following the full re-opening of borders on November 1, 2021 and the lifting of travel restrictions. Overall passenger traffic recovered to 73.5% of April 2019 levels, from 68.6% in March. International and domestic passenger traffic improved sequentially reaching 68.9% and 79.1% of pre-pandemic levels of April 2019, respectively.

In Argentina, total passenger traffic increased 249.0% YoY and reached 75.2% of April 2019 levels, with international passenger traffic improving to 57.2% of pre-pandemic levels, showing a continued strong recovery from the 6.2% posted in July 2021, the lowest level of the year, and improving sequentially from the 48.4% reached in March. International traffic continued benefiting from the full re-opening of borders on November 1, 2021 and the gradual lifting of travel requirements. Domestic passenger traffic also improved, reaching 84.6% of April 2019 levels, up from the 77.5% posted in March. Effective April 7, 2022, Covid tests are no longer required and travelers must complete an affidavit form. In addition, foreigners are required to present a Covid-19 health insurance.

In Italy, passenger traffic grew 13.8x YoY and stood at 78.1% of April 2019 levels, showing a strong sequential improvement from the 68.2% posted in March. Travel restrictions have eased during the last couple of months and passengers are now just required to present a negative Covid-19 test or a vaccination certificate.

In Brazil, total passenger traffic increased 136.5% YoY, and reached 73.0% of April 2019 pre-pandemic levels, slightly below the 76.5% recorded in March. Domestic traffic, which accounted for 73% of total traffic, stood at 84.9% of pre-pandemic levels whereas transit passengers reached 53.9% of April 2019 levels.

Total passenger traffic in Uruguay increased 7.7x YoY and reached 63.4% of April 2019 levels, up from the 57.9% posted in March. Traffic in Uruguay continues to improve following the full re-open of borders on November 1, 2021 together with the gradual relaxation of travel requirements.

In Ecuador, passenger traffic increased 170.2% YoY, reaching 95.2% of April 2019 levels, up from the 88.5% posted in March. International passenger traffic continued to recover reaching 94.9% of pre-pandemic levels, boosted by routes to Europe, as well as the US and Panama, which have been seeing higher passenger traffic than in 2019 for several months now. Domestic passenger traffic also improved to 95.3% of April 2019 pre-pandemic levels, up from the 69.6% and 87.5% posted in February and March, respectively.

In Armenia, total passenger traffic increased 56.0% YoY. Passenger traffic continued performing well and stood at 96.4% of April 2019 levels, improving slightly from the 95.1% recorded in March.

Cargo Volume and Aircraft Movements

Cargo volume decreased 1.2% YoY and stood at 79.9% of April 2019 levels, or at 80.8% when adjusting for the discontinuation in Peru. Close to 80% of cargo volume came from Argentina, Ecuador and Uruguay, which reported volumes at 89.3%, 85.0% and 107.0% of April 2019 pre-pandemic levels.

Aircraft movements increased 92.3% YoY and stood at 85.7% of April 2019 levels, or at 88.8% adjusting for the discontinuation in Peru. Aircraft movements in Argentina, which accounted for more than half of total movement, stood at 87.0% of pre-pandemic levels. To note, aircraft movements in Ecuador and Armenia was above April 2019 levels and stood at over 97% of pre-pandemic levels in Uruguay.

Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2022 vs. 2021)

 

Apr’22

Apr’21

% Var.

 

YTD’22

YTD’21

% Var.

Passenger Traffic (thousands)

 

 

 

 

 

 

 

Argentina(1)

2,549

730

249.0%

 

9,613

3,521

173.0%

Italy

575

39

1376.9%

 

1,377

113

1117.8%

Brazil(2)

1,076

455

136.5%

 

4,918

3,108

58.2%

Uruguay

111

13

769.6%

 

434

57

656.9%

Ecuador

374

138

170.2%

 

1,246

523

138.1%

Armenia

209

134

56.0%

 

780

405

92.6%

Peru

110

-100.0%

 

427

-100.0%

TOTAL

4,894

1,620

202.1%

 

18,369

8,155

125.2%

(1)

 

See Footnote 1 in previous table. (2) See Footnote 2 in previous table. (3) See Footnote 3 in previous table.

 

Cargo Volume (tons)

 

 

 

 

 

 

Argentina

16,815

15,914

5.7%

59,948

52,079

15.1%

Italy

1,093

1,166

-6.3%

5,002

4,569

9.5%

Brazil

4,355

6,411

-32.1%

18,314

20,112

-8.9%

Uruguay(3)

3,225

3,626

-11.1%

10,248

9,828

4.3%

Ecuador

2,819

1,294

117.8%

12,062

5,751

109.7%

Armenia

1,401

1,459

-4.0%

5,090

4,687

8.6%

Peru

212

-100.0%

908

-100.0%

TOTAL

29,709

30,082

-1.2%

110,665

97,935

13.0%

Aircraft Movements

 

 

 

 

 

 

Argentina

30,935

16,373

88.9%

113,041

66,275

70.6%

Italy

5,721

1,287

344.5%

15,792

3,464

355.9%

Brazil

10,538

5,794

81.9%

44,221

32,056

37.9%

Uruguay

2,319

898

158.2%

9,919

3,279

202.5%

Ecuador

6,856

3,504

95.7%

24,620

14,774

66.6%

Armenia

2,286

1,345

70.0%

7,437

4,320

72.2%

Peru

1,298

-100.0%

4,728

-100.0%

TOTAL

58,655

30,499

92.3%

215,030

128,896

66.8%

 

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

 

Apr’22

Apr’19

% Var.

 

YTD’22

YTD’19

% Var.

Passenger Traffic (thousands)

 

 

 

 

 

 

 

Argentina(1)

2,549

3,391

-24.8%

 

9,613

14,494

-33.7%

Italy

575

736

-21.9%

 

1,377

2,156

-36.1%

Brazil(2)

1,076

1,474

-27.0%

 

4,918

6,443

-23.7%

Uruguay

111

176

-36.6%

 

434

818

-46.9%

Ecuador

374

392

-4.8%

 

1,246

1,497

-16.8%

Armenia

209

217

-3.6%

 

780

796

-2.0%

Peru

275

-100.0%

 

1,028

-100.0%

TOTAL

4,894

6,661

-26.5%

 

18,369

27,233

-32.5%

(1)

 

See Footnote 1 in previous table. (2) See Footnote 2 in previous table. (3) See Footnote 3 in previous table.

 

Cargo Volume (tons)

 

 

 

 

 

 

Argentina

16,815

18,825

-10.7%

59,948

74,881

-19.9%

Italy

1,093

1,285

-14.9%

5,002

4,365

14.6%

Brazil

4,355

8,639

-49.6%

18,314

32,163

-43.1%

Uruguay(3)

3,225

3,015

7.0%

10,248

9,394

9.1%

Ecuador

2,819

3,316

-15.0%

12,062

14,629

-17.5%

Armenia

1,401

1,704

-17.8%

5,090

5,262

-3.3%

Peru

389

-100.0%

1,579

-100.0%

TOTAL

29,709

37,172

-20.1%

110,665

142,274

-22.2%

Aircraft Movements

 

 

 

 

 

 

Argentina

30,935

35,553

-13.0%

113,041

151,443

-25.4%

Italy

5,721

6,864

-16.7%

15,792

21,016

-24.9%

Brazil

10,538

12,714

-17.1%

44,221

53,465

-17.3%

Uruguay

2,319

2,375

-2.4%

9,919

11,712

-15.3%

Ecuador

6,856

6,834

0.3%

24,620

27,470

-10.4%

Armenia

2,286

1,744

31.1%

7,437

7,070

5.2%

Peru

2,383

-100.0%

9,029

-100.0%

TOTAL

58,655

68,467

-14.3%

215,030

281,205

-23.5%

 

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.



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