Corporación América Airports S.A. Reports April 2021 Passenger Traffic

Total passenger traffic was up 13.4x year-on-year, but declined 75.7% when compared to April 2019

LUXEMBOURG–(BUSINESS WIRE)–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 1,342.4% YoY passenger traffic growth in April 2021, and 75.7% decline when compared to the same period of 2019.

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2021 vs. 2020)

Statistics

Apr’21

Apr’20(3)

% Var.

 

YTD’21

YTD’20(1)(2)(3)

% Var.

Domestic Passengers (thousands)

1,090

67

1,525.7%

 

5,458

9,928

-45.0%

International Passengers (thousands)

328

29

1,042.9%

 

1,364

5,376

-74.6%

Transit Passengers (thousands)

201

17

1,118.6%

 

1,333

1,920

-30.6%

Total Passengers (thousands)

1,620

112

1,342.4%

 

8,155

17,223

-52.6%

Cargo Volume (thousand tons)

30.1

17.4

72.4%

 

97.9

101.1

-3.2%

Total Aircraft Movements (thousands)

30.5

6.7

356.3%

 

128.9

185.3

-30.4%

 

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2021 vs. 2019)

Statistics

Apr’21

Apr’19(1)(3)

% Var.

 

YTD’21

YTD’19(1)(3)

% Var.

Domestic Passengers (thousands)

1,090

3,734

-70.8%

 

5,458

11,545

-52.7%

International Passengers (thousands)

328

2,306

-85.8%

 

1,364

6,754

-79.8%

Transit Passengers (thousands)

201

622

-67.6%

 

1,333

2,272

-41.3%

Total Passengers (thousands)

1,620

6,661

-75.7%

 

8,155

20,571

-60.4%

Cargo Volume (thousand tons)

30.1

37.2

-19.1%

 

97.9

105.1

-6.8%

Total Aircraft Movements (thousands)

30.5

68.5

-55.5%

 

128.9

212.7

-39.4%

(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 2021 grew 13.4x YoY compared to the same period last year, reflecting easier comparisons as April 2020 was the first month fully impacted by the COVID-19 pandemic. When compared to 2019, overall passenger traffic declined 60.4%, while international and domestic passenger traffic dropped 79.8% and 52.7%, respectively, impacted by the COVID-19 pandemic on air travel across all countries of operations.

In Argentina, total passenger traffic increased 28.7x YoY. When compared to 2019, overall passenger traffic declined 78.5%, with international and domestic passenger traffic declining 92.5% and 71.6%, respectively, impacted by prolonged government restrictions to international flights, including the continued closure of borders to non-resident foreigners, with certain exceptions, as well as additional travel requirements in force for Argentine nationals starting March 27, 2021.

In Italy, passenger traffic grew 68.4x YoY. Total passenger traffic against April 2019 declined 94.7%, while international and domestic passenger traffic dropped 97.1% and 85.4%, respectively, influenced by sustained air travel restrictions reenacted by the Italian government in 4Q20.

In Brazil, total passenger traffic was up 7.1x YoY. Compared to the same month in 2019, overall passenger traffic declined 69.1%, while international and domestic passenger traffic dropped 94.5% and 69.5%, respectively.

Total passenger traffic in Uruguay increased 3.8x YoY, although declined 92.7% when compared to April 2019, driven by closure of borders to non-resident foreigners, with certain exceptions.

In Ecuador, passenger traffic increased 24.9x YoY. When compared to 2019, total traffic declined 64.8%, while international and domestic passenger traffic dropped 56.7% and 71.8%, respectively.

In Armenia, total passenger traffic increased 24.0x YoY. Compared to April 2019, however, passenger traffic declined 38.2% although it increased 15.2% sequentially, as traffic continues to recover.

Cargo Volume and Aircraft Movements

Cargo volume increased 72.4% YoY, mainly due to growth of 84.5% in Argentina, 501.9% in Brazil, 185.4% in Armenia, 68.2% in Ecuador and 23.5% in Italy. This was partially offset by a decline of 33.8% in Uruguay, reflecting more difficult comparisons as April 2020 benefitted from extraordinarily high seed export volumes. When compared to April 2019, total cargo volume dropped 19.1%.

Aircraft movements increased 356.3% YoY, driven by increases of 486.6% in Argentina, 214.9% in Brazil, 317.6% in Ecuador and 495.1% in Armenia. Aircraft movements also increased 477.1% in Italy, 219.7% in Peru and 150.1% in Uruguay. When compared to April 2019, Aircraft movements declined 55.5%.

 

Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2021 vs. 2020)

 

Apr’21

Apr’20

% Var.

 

YTD’21

YTD’20

% Var.

Passenger Traffic (thousands)

 

 

 

 

 

 

 

Argentina(1)

730

25

2,876.1%

 

3,521

8,919

-60.5%

Italy

39

1

6,839.0%

 

113

1,004

-88.7%

Brazil(2)

455

56

711.8%

 

3,108

4,421

-29.7%

Uruguay

13

3

381.2%

 

57

529

-89.2%

Ecuador

138

5

2,485.9%

 

523

986

-46.9%

Armenia

134

5

2,397.3%

 

405

560

-27.6%

Peru

110

18

521.0%

 

427

804

-46.9%

TOTAL

1,620

112

1,342.4%

 

8,155

17,223

-52.6%

(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

15,914

8,626

84.5%

52,079

54,172

-3.9%

Italy

1,166

945

23.5%

 

4,569

4,157

9.9%

Brazil

6,411

1,065

501.9%

 

20,112

16,755

20.0%

Uruguay(3)

3,626

5,479

-33.8%

9,828

12,200

-19.4%

Ecuador

1,294

770

68.2%

 

5,751

7,904

-27.2%

Armenia

1,459

511

185.4%

 

4,687

4,842

-3.2%

Peru

212

52

304.6%

 

908

1,103

-17.7%

TOTAL

30,082

17,448

72.4%

 

97,935

101,133

-3.2%

Aircraft Movements

 

 

 

 

 

 

 

Argentina

16,373

2,791

486.6%

66,275

96,561

-31.4%

Italy

1,287

223

477.1%

 

3,464

11,530

-70.0%

Brazil

5,794

1,840

214.9%

 

32,056

38,504

-16.7%

Uruguay

898

359

150.1%

 

3,279

8,044

-59.2%

Ecuador

3,504

839

317.6%

 

14,774

18,039

-18.1%

Armenia

1,345

226

495.1%

 

4,320

5,697

-24.2%

Peru

1,298

406

219.7%

 

4,728

6,903

-31.5%

TOTAL

30,499

6,684

356.3%

 

128,896

185,278

-30.4%

Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2021 vs. 2019)

 

Apr’21

Apr’19

% Var.

 

YTD’21

YTD’19

% Var.

Passenger Traffic (thousands)

 

 

 

 

 

 

 

Argentina(1)

730

3,391

-78.5%

 

3,521

14,494

-75.7%

Italy

39

736

-94.7%

 

113

2,156

-94.8%

Brazil(2)

455

1,474

-69.1%

 

3,108

6,443

-51.8%

Uruguay

13

176

-92.7%

 

57

818

-93.0%

Ecuador

138

392

-64.8%

 

523

1,497

-65.1%

Armenia

134

217

-38.2%

 

405

796

-49.1%

Peru

110

275

-59.9%

 

427

1,028

-58.5%

TOTAL

1,620

6,661

-75.7%

 

8,155

27,233

-70.1%

(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

15,914

18,825

-15.5%

 

52,079

74,881

-30.5%

Italy

1,166

1,285

-9.2%

 

4,569

4,365

4.7%

Brazil

6,411

8,639

-25.8%

 

20,112

32,163

-37.5%

Uruguay(3)

3,626

3,015

20.3%

 

9,828

9,394

4.6%

Ecuador

1,294

3,316

-61.0%

 

5,751

14,629

-60.7%

Armenia

1,459

1,704

-14.4%

 

4,687

5,262

-10.9%

Peru

212

389

-45.5%

 

908

1,579

-42.5%

TOTAL

30,082

37,172

-19.1%

 

97,935

142,274

-31.2%

Aircraft Movements

 

 

 

 

 

 

 

Argentina

16,373

35,553

-53.9%

 

66,275

151,443

-56.2%

Italy

1,287

6,864

-81.3%

 

3,464

21,016

-83.5%

Brazil

5,794

12,714

-54.4%

 

32,056

53,465

-40.0%

Uruguay

898

2,375

-62.2%

 

3,279

11,712

-72.0%

Ecuador

3,504

6,834

-48.7%

 

14,774

27,470

-46.2%

Armenia

1,345

1,744

-22.9%

 

4,320

7,070

-38.9%

Peru

1,298

2,383

-45.5%

 

4,728

9,029

-47.6%

TOTAL

30,499

68,467

-55.5%

 

128,896

281,205

-54.2%

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.

Contacts

Investor Relations Contact
Gimena Albanesi

Email: gimena.albanesi@caairports.com
Phone: +5411 4852-6411