Corporación América Airports S.A. Reports May 2020 Passenger Traffic
June 16 2020 - 5:33PM
Business Wire
Total passenger traffic down 98.1% 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 98.1% decline
year-over-year passenger traffic in May 2020.
Passenger Traffic, Cargo Volume and
Aircraft Movements Highlights
Statistics
May'20(2)
May'19(1)(2)
% Var.
YTD'20(1)(2)
YTD'19(1)(2)
% Var.
Domestic Passengers (thousands)
89
3,768
-97.6%
10,017
19,047
-47.4%
International Passengers (thousands)
36
2,332
-98.5%
5,412
11,392
-52.5%
Transit Passengers (thousands)
2
621
-99.6%
1,922
3,515
-45.3%
Total Passengers (thousands)
128
6,721
-98.1%
17,351
33,954
-48.9%
Cargo Volume (thousand tons)
14.3
35.1
-59.4%
113.6
176.6
-35.7%
Total Aircraft Movements
(thousands)
9.2
70.5
-86.9%
194.5
351.7
-44.7%
(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, 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.
Passenger Traffic
Overview
Total passenger traffic in May 2020 dropped 98.1% YoY,
primarily reflecting continued travel restrictions imposed by
governments, aiming to contain the spread of the COVID-19 pandemic,
together with lower passenger demand. International traffic
declined by 98.5% YoY, while domestic traffic dropped 97.6% YoY.
Air travel restrictions in Italy and Ecuador operations were lifted
early June.
In Argentina, total passenger traffic decreased 99.0% 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
98.0% with minimum levels due to repatriation flights, while
domestic passenger traffic dropped 99.4% YoY.
In Italy, passenger traffic declined 99.8% YoY, with traffic at
Florence airport down 100% YoY while passenger traffic at Pisa
Airport was down 99.7% YoY.
In Brazil, total passenger traffic dropped 95.2% YoY, driven by
decreases of 92.2% in domestic passenger traffic and 99.8% in
international traffic. Passenger traffic declined 98.6% YoY in
Uruguay, 97.5% in Ecuador and 96.8% in Armenia.
Cargo Volume and Aircraft
Movements
Cargo volume decreased 59.4% on May 2020, mainly due to
declines of 57.4% in Argentina, 85.0% in Brazil and 70.0% in
Ecuador.
Aircraft movements declined 86.9% YoY in May 2020, mainly
attributed to declines of 88.8% in Argentina, 81.1% in Brazil,
95.3% in Italy and 78.5% in Ecuador. Aircraft movements also
declined 86.0% in Uruguay, 84.8% in Armenia and 89.2% in Peru.
Summary Passenger Traffic, Cargo Volume
and Aircraft Movements
May'20 (2)
May'19 (1)(2)
% Var.
YTD'20(2)
YTD'19(1)(2)
% Var.
Passenger Traffic (thousands)
Argentina
36
3,415
-99.0%
8,955
17,909
-50.0%
Italy
1
784
-99.8%
1,005
2,940
-65.8%
Brazil
68
1,431
-95.2%
4,489
7,874
-43.0%
Uruguay
2
165
-98.6%
531
984
-46.0%
Ecuador
9
372
-97.5%
995
1,869
-46.8%
Armenia
8
243
-96.8%
567
1,039
-45.4%
Peru
3
311
-99.1%
807
1,340
-39.7%
TOTAL
128
6,721
-98.1%
17,351
33,954
-48.9%
(1) See Footnote 1 in previous table. (2)
See Footnote 2 in previous table.
Cargo Volume (tons)
Argentina
8,062
18,941
-57.4%
62,234
93,823
-33.7%
Italy
1,032
1,100
-6.2%
5,189
5,466
-5.1%
Brazil
1,144
7,611
-85.0%
17,899
39,774
-55.0%
Uruguay
2,199
2,325
-5.4%
12,591
10,967
14.8%
Ecuador
975
3,246
-70.0%
8,878
17,875
-50.3%
Armenia
797
1,492
-46.6%
5,639
6,754
-16.5%
Peru
47
407
-88.4%
1,151
1,986
-42.1%
TOTAL
14,256
35,123
-59.4%
113,581
176,645
-35.7%
Aircraft Movements
Argentina
4,049
36,193
-88.8%
100,610
187,636
-46.4%
Italy
355
7,500
-95.3%
11,885
28,516
-58.3%
Brazil
2,447
12,965
-81.1%
40,951
66,430
-38.4%
Uruguay
309
2,202
-86.0%
8,353
13,914
-40.0%
Ecuador
1,489
6,926
-78.5%
19,528
34,396
-43.2%
Armenia
296
1,944
-84.8%
5,993
9,014
-33.5%
Peru
302
2,798
-89.2%
7,205
11,827
-39.1%
TOTAL
9,247
70,528
-86.9%
194,525
351,733
-44.7%
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/20200616006030/en/
Investor Relations Contact Gimena Albanesi Email:
gimena.albanesi@caairports.com Phone: +5411 4852-6411
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