Total passenger traffic down 84.1% driven by
declines in all countries of operations impacted by the COVID-19
pandemic
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 an 84.1% decline
year-over-year passenger traffic in September 2020.
Passenger Traffic, Cargo Volume and
Aircraft Movements Highlights
Statistics
Sep'20
Sep'19(1)(3)
% Var.
YTD'20(1)(2)
YTD'19(1)(2)(3)
% Var.
Domestic Passengers (thousands)
583
3,979
-85.4%
11,436
35,463
-67.8%
International Passengers (thousands)
282
2,490
-88.7%
6,203
21,590
-71.3%
Transit Passengers (thousands)
271
652
-58.4%
2,469
6,198
-60.2%
Total Passengers (thousands)
1,136
7,122
-84.1%
20,108
63,251
-68.2%
Cargo Volume (thousand tons)
18.8
31.9
-40.9%
183.5
310.1
-40.8%
Total Aircraft Movements
(thousands)
22.9
71.0
-67.8%
267.1
645.3
-58.6%
(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 September 2020 dropped 84.1%
YoY, reflecting the continued impact of the Covid-19 pandemic on
air travel, although showing a slight sequential improvement from
the 88.8% and 92.9% declines reported in August and July,
respectively. In most of the countries of operations, certain
travel restrictions are still in place and passenger demand remains
low. International traffic declined by 88.7% YoY, while domestic
traffic dropped 85.4% YoY.
In Argentina, total passenger traffic declined 98.9% YoY,
reflecting the continuity of air travel bans implemented mid-March
by the Government. International passenger traffic declined 97.1%,
keeping minimum levels due and special flights, while domestic
passenger traffic dropped 99.6% YoY.
In Italy, passenger traffic declined 72.0% YoY, with
international and domestic traffic down 78.1% and 45.5% YoY,
respectively, in light of new restrictions to air travel in the
region.
In Brazil, total passenger traffic dropped 52.6% YoY, showing a
continued sequential improvement from the 69.7% drop in August.
Domestic passenger traffic declined 52.5% resulting from a steady
recovery in passenger demand. Although international operations
restarted at Brasilia Airport during the month, international
traffic dropped 95.8% YoY, from low demand.
In Uruguay, passenger traffic declined 94.1% 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, where commercial operations restarted in June with
some restrictions, passenger traffic declined 80.1% YoY, improving
sequentially from the 88.1% decline in August, due to the
progressive lifting of restrictions to air travel.
In Armenia, air travel bans were lifted during the month, while
certain restrictions still apply. Total passenger traffic declined
85.7%, showing an improvement from the 92.5% decline in August.
Cargo Volume and Aircraft
Movements
Cargo volume decreased 40.9% on September 2020, mainly
due to declines of 36.3% in Argentina, 67.0% in Brazil and 62.1% in
Ecuador.
Aircraft movements declined 67.8% YoY in September 2020,
mainly attributed to decreases of 80.7% in Argentina, 44.8% in
Brazil, 49.8% in Italy and 54.4% in Ecuador. Aircraft movements
also declined 66.6 % in Uruguay, 75.9% in Armenia and 81.8% in
Peru.
Summary Passenger Traffic, Cargo Volume
and Aircraft Movements
Sep'20 (2)
Sep'19 (1)(2)
% Var.
YTD'20(2)
YTD'19(1)(2)
% Var.
Passenger Traffic (thousands)
Argentina
41
3,608
-98.9%
9,062
32,759
-72.3%
Italy
241
862
-72.0%
1,743
6,431
-72.9%
Brazil
703
1,483
-52.6%
6,046
13,947
-56.6%
Uruguay
10
175
-94.1%
558
1,665
-66.5%
Ecuador
65
329
-80.1%
1,167
3,382
-65.5%
Armenia
48
332
-85.7%
677
2,424
-72.1%
Peru
27
332
-91.7%
854
2,642
-67.7%
TOTAL
1,136
7,122
-84.1%
20,108
63,251
-68.2%
(1) See Footnote 1 in previous table. (2)
See Footnote 2 in previous table.
Cargo Volume (tons)
Argentina
11,416
17,932
-36.3%
102,698
164,377
-37.5%
Italy
1,103
1,072
2.8%
9,503
9,567
-0.7%
Brazil
1,933
5,857
-67.0%
24,608
68,362
-64.0%
Uruguay
1,988
2,167
-8.2%
22,079
20,983
5.2%
Ecuador
878
2,316
-62.1%
11,872
29,360
-59.6%
Armenia
1,462
2,091
-30.1%
11,382
13,697
-16.9%
Peru
68
431
-84.2%
1,362
3,771
-63.9%
TOTAL
18,847
31,866
-40.9%
183,502
310,116
-40.8%
Aircraft Movements
Argentina
7,028
36,327
-80.7%
123,815
338,064
-63.4%
Italy
3,983
7,931
-49.8%
24,803
61,514
-59.7%
Brazil
7,306
13,235
-44.8%
61,780
119,289
-48.2%
Uruguay
686
2,054
-66.6%
10,477
22,125
-52.6%
Ecuador
2,673
5,856
-54.4%
29,071
60,958
-52.3%
Armenia
671
2,788
-75.9%
7,965
20,424
-61.0%
Peru
504
2,772
-81.8%
9,236
22,937
-59.7%
TOTAL
22,851
70,963
-67.8%
267,147
645,311
-58.6%
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. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20201014006023/en/
Investor Relations Contact Gimena Albanesi Email:
gimena.albanesi@caairports.com Phone: +5411 4852-6411
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