Total passenger traffic down 80.8% 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 80.8% decline
year-over-year passenger traffic in October 2020.
Passenger Traffic, Cargo Volume and
Aircraft Movements Highlights
Statistics
Oct'20
Oct'19(1)(2)(3)
% Var.
YTD'20(1)(2)
YTD'19(1)(2)(3)
% Var.
Domestic Passengers (thousands)
808
4,035
-80.0%
12,244
39,498
-69.0%
International Passengers (thousands)
241
2,378
-89.8%
6,445
23,968
-73.1%
Transit Passengers (thousands)
321
717
-55.2%
2,790
6,915
-59.6%
Total Passengers (thousands)
1,371
7,130
-80.8%
21,479
70,381
-69.5%
Cargo Volume (thousand tons)
23.2
38.8
-40.2%
206.7
348.9
-40.8%
Total Aircraft Movements
(thousands)
25.4
72.6
-65.0%
292.6
717.9
-59.2%
(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 October 2020 dropped 80.8%
YoY, reflecting the continued impact of the Covid-19 pandemic on
air travel, although showing a slight sequential improvement from
the 84.1% and 88.8% declines reported in September and August,
respectively. In most of the countries of operations, certain
travel restrictions are still in place and passenger demand remains
low. International traffic declined by 89.8% YoY, while domestic
traffic dropped 80.0% YoY.
In Argentina, total passenger traffic declined 97.8% YoY,
reflecting the impact of air travel bans implemented mid-March by
the Government that remained in place most part of the month.
International passenger traffic declined 95.3%, a sequential
improvement from the 97.1% decline in September, while domestic
passenger traffic dropped 98.9% YoY, still reflecting low volumes
as travel bans on domestic travel were partially lifted on October
22, restricted to essential workers or specific work or
health-related reasons.
In Italy, passenger traffic declined 81.1% YoY, with
international and domestic traffic down 87.8% and 55.1% YoY,
respectively, reflecting low demand, and the reinstatement of
restrictions to air travel following a new COVID-19 outbreak in the
region.
In Brazil, total passenger traffic recovered to a decline of
45.8% YoY, showing a continued sequential improvement from the
52.6% drop in September. Domestic passenger traffic declined 43.1%
resulting from a steady recovery in passenger demand. Although
international operations restarted at Brasilia Airport during
September, international traffic dropped 96.3% YoY, mainly driven
by low demand.
In Uruguay, passenger traffic declined 92.1% YoY. Commercial
operations restarted the first week of July, although borders
remain closed to non-resident foreigners, with certain exemptions,
and travel demand is still weak.
In Ecuador, passenger traffic declined 70.3% YoY, improving
sequentially from the 80.1% decline in September.
In Armenia, while air travel bans were lifted during September,
certain restrictions still apply and passenger demand remains low
resulting in a passenger traffic drop of 86.5% during the
month.
Cargo Volume and Aircraft
Movements
Cargo volume decreased 40.2% on October 2020, mainly due
to declines of 37.5% in Argentina, 68.3% in Brazil and 45.9% in
Ecuador. However, cargo volume showed a slight sequential
improvement from the 40.9% and 45.8% declines reported in September
and August, respectively.
Aircraft movements declined 65.0% YoY in October 2020,
mainly attributed to decreases of 79.1% in Argentina, 38.1% in
Brazil, 60.8% in Italy and 52.0% in Ecuador. Aircraft movements
also declined 64.4 % in Uruguay, 68.4% in Armenia and 57.4% in
Peru.
Summary Passenger Traffic, Cargo Volume
and Aircraft Movements
Oct'20 (2)
Oct'19 (1)(2)
% Var.
YTD'20(2)
YTD'19(1)(2)
% Var.
Passenger Traffic (thousands)
Argentina
79
3,548
-97.8%
9,141
36,307
-74.8%
Italy
146
773
-81.1%
1,889
7,204
-73.8%
Brazil
907
1,675
-45.8%
6,954
15,622
-55.5%
Uruguay
13
167
-92.1%
572
1,831
-68.8%
Ecuador
107
361
-70.3%
1,274
3,744
-66.0%
Armenia
40
298
-86.5%
717
2,723
-73.7%
Peru
78
309
-74.9%
932
2,951
-68.4%
TOTAL
1,371
7,130
-80.8%
21,479
70,381
-69.5%
(1) See Footnote 1 in previous table. (2)
See Footnote 2 in previous table.
Cargo Volume (tons)
Argentina
13,882
22,211
-37.5%
116,580
186,588
-37.5%
Italy
1,167
1,256
-7.1%
10,669
10,823
-1.4%
Brazil
2,260
7,140
-68.3%
26,868
75,501
-64.4%
Uruguay
2,404
2,702
-11.0%
24,483
23,685
3.4%
Ecuador
1,464
2,707
-45.9%
13,335
32,067
-58.4%
Armenia
1,835
2,295
-20.0%
13,217
15,991
-17.4%
Peru
154
446
-65.4%
1,516
4,217
-64.1%
TOTAL
23,165
38,757
-40.2%
206,668
348,873
-40.8%
Aircraft Movements
Argentina
7,657
36,582
-79.1%
131,472
374,646
-64.9%
Italy
2,869
7,315
-60.8%
27,672
68,829
-59.8%
Brazil
8,697
14,047
-38.1%
70,477
133,336
-47.1%
Uruguay
742
2,083
-64.4%
11,219
24,208
-53.7%
Ecuador
3,576
7,449
-52.0%
32,647
68,407
-52.3%
Armenia
820
2,598
-68.4%
8,785
23,022
-61.8%
Peru
1,072
2,514
-57.4%
10,308
25,451
-59.5%
TOTAL
25,433
72,588
-65.0%
292,580
717,899
-59.2%
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/20201113005717/en/
Investor Relations Contact Gimena Albanesi Email:
gimena.albanesi@caairports.com Phone: +5411 4852-6411
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