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Corporación América Airports S.A. Reports July 2020 Passenger Traffic

·6 mins read

Total passenger traffic down 92.9% driven by declines in all countries of operations impacted by the COVID-19 pandemic and travel restrictions worldwide

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 92.9% decline year-over-year passenger traffic in July 2020.

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights

Statistics

Jul'20

Jul'19(1)(3)

% Var.

YTD'20(1)(2)

YTD'19(1)(2)(3)

% Var.

Domestic Passengers (thousands)

290

4,515

-93.6%

10,432

27,219

-61.7%

International Passengers (thousands)

178

2,669

-93.3%

5,645

16,416

-65.6%

Transit Passengers (thousands)

96

776

-87.6%

2,042

4,902

-58.3%

Total Passengers (thousands)

563

7,961

-92.9%

18,120

48,538

-62.7%

Cargo Volume (thousand tons)

16.4

35.1

-53.2%

146.3

245.3

-40.4%

Total Aircraft Movements (thousands)

16.9

77.7

-78.2%

224.0

497.3

-54.9%

(1)

Note that preliminary passenger traffic figures for Ezeiza Airport, in Argentina, for 2019 as well as January 2020 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 750 flights in August, 873 flights in September, 547 in October, 423 in November, 280 in December 2019, as well as 1,256 in January and 195 in February 2020 at Brasilia Airport, due to delays in the submission of information by third parties. Moreover, starting November 2019 the Company has reclassified its passenger traffic figures for Brasilia Airport between international, domestic and transit retroactively since June 2018 to return to the count methodology utilized until May 2018. Notwithstanding, total traffic figures remain unchanged.

(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 July 2020 dropped 92.9% YoY, reflecting the continued impact of the Covid-19 pandemic on air travel, although showing a slight sequential improvement from the 96.9% drop in June. Although more countries continued to relax government-imposed travel restrictions during July, passenger demand remains low. International traffic declined by 93.3% YoY, while domestic traffic dropped 93.6% YoY.

In Argentina, total passenger traffic declined 99.5% YoY, as a result of prolonged measures implemented mid-March by the Government restricting both international and domestic flights to contain the breakout. International passenger traffic declined 99.0%, keeping minimum levels due to repatriation and special flights, while domestic passenger traffic dropped 99.8% YoY.

In Italy, passenger traffic declined 79.3% YoY, improving from the 97.5% drop in June. International traffic was down 83.5% YoY while domestic passenger traffic declined 60.8% YoY. During July, airlines continued to increase destinations and frequencies at both airports. Currently, several airlines are operating at Pisa and Florence airports, including Air France, KLM, Ryanair and Vueling, among others.

In Brazil, total passenger traffic dropped 83.4% YoY, reflecting a decrease of 82.0% in domestic passenger traffic together with no international traffic. This, however, signaled a sequential improvement from the 91.3% drop in June.

In Uruguay, passenger traffic declined 97.0% YoY. Commercial operations restarted the first week of July, although borders remain close to non-resident foreigners with certain exemptions and travel demand is still low.

In Ecuador, passenger traffic declined 91.0% YoY. Commercial flights restarted in June and borders are open, although some restrictions apply for all arriving passengers. During July, airlines continued to operate international routes to the US, special flights to certain cities in Europe, as well as domestic routes to Quito.

In Armenia, total passenger traffic declined 95.2%, reflecting the restriction on commercial air travel as part of the measures implemented by the Government. Only repatriation flights and special flights are operated, and borders remain close to non-resident foreigners.

Cargo Volume and Aircraft Movements

Cargo volume decreased 53.2% on July 2020, mainly due to declines of 48.4% in Argentina, 83.3% in Brazil and 76.8% in Ecuador.

Aircraft movements declined 78.2% YoY in July 2020, mainly attributed to declines of 87.0% in Argentina, 67.3% in Brazil, 61.4% in Italy and 65.2% in Ecuador. Aircraft movements also declined 76.7% in Uruguay, 87.5% in Armenia and 81.5% in Peru.

Summary Passenger Traffic, Cargo Volume and Aircraft Movements

Jul'20 (2)

Jul'19 (1)(2)

% Var.

YTD'20(2)

YTD'19(1)(2)

% Var.

Passenger Traffic (thousands)

Argentina

20

4,055

-99.5%

9,000

25,276

-64.4%

Italy

184

888

-79.3%

1,210

4,667

-74.1%

Brazil

289

1,744

-83.4%

4,899

10,997

-55.5%

Uruguay

5

175

-97.0%

540

1,317

-59.0%

Ecuador

37

405

-91.0%

1,052

2,635

-60.1%

Armenia

18

372

-95.2%

600

1,692

-64.6%

Peru

11

322

-96.6%

820

1,953

-58.0%

TOTAL

563

7,961

-92.9%

18,120

48,538

-62.7%

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

Cargo Volume (tons)

Argentina

9,474

18,356

-48.4%

81,162

129,199

-37.2%

Italy

1,212

1,159

4.6%

7,518

7,667

-1.9%

Brazil

1,383

8,302

-83.3%

20,255

55,682

-63.6%

Uruguay

2,046

2,373

-13.8%

17,455

15,988

9.2%

Ecuador

687

2,962

-76.8%

10,422

24,112

-56.8%

Armenia

1,588

1,539

3.2%

8,218

9,833

-16.4%

Peru

54

438

-87.7%

1,237

2,799

-55.8%

TOTAL

16,444

35,128

-53.2%

146,267

245,278

-40.4%

Aircraft Movements

Argentina

5,206

40,108

-87.0%

111,007

262,035

-57.6%

Italy

3,319

8,608

-61.4%

16,422

45,204

-63.7%

Brazil

4,677

14,309

-67.3%

48,680

92,684

-47.5%

Uruguay

498

2,136

-76.7%

9,215

17,987

-48.8%

Ecuador

2,346

6,739

-65.2%

23,917

47,679

-49.8%

Armenia

380

3,040

-87.5%

6,745

14,415

-53.2%

Peru

507

2,736

-81.5%

8,040

17,271

-53.4%

TOTAL

16,933

77,676

-78.2%

224,026

497,275

-54.9%

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

Category: Operational Statistic

Source: Corporación América Airports S.A.

About Corporación América Airports

Corporación América Airports acquires, develops and operates airport concessions. Currently, the Company operates 52 airports in 7 countries across Latin America and Europe (Argentina, Brazil, Uruguay, Peru, Ecuador, Armenia and Italy). In 2019, Corporación América Airports served 84.2 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200817005714/en/

Contacts

Investor Relations Contact
Gimena Albanesi
Email: gimena.albanesi@caairports.com
Phone: +5411 4852-6411