Market Overview

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

Share:

Passenger traffic up 2.0% YoY in Argentina and 11.1% in Brazil, further
supported by growth across most geographies

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.

View Comments and Join the Discussion!