Passenger traffic in Argentina up 2.0% YoY while Brazil continues to recover with traffic up 11.1% YoY, further supported by growth across most countries of operations
Corporación América Airports S.A. (NYSE: CAAP), the largest private sector airport operator in the world by number of airports, reported today preliminary year-over-year passenger traffic growth of 5.8% in June 2018.
|Passenger Traffic, Cargo Volume and Aircraft Movements Highlights|
|Statistics||Jun’18||Jun’17||% Var.||YTD’18||YTD’17||% Var|
|Domestic Passengers (thousands)||3,396||3,064||10.8%||20,936||19,466||7.6%|
|International Passengers (thousands)||2,209||2,212||-0.2%||13,587||12,912||5.2%|
|Transit Passengers (thousands)||660||643||2.6%||4,300||3,738||15.0%|
|Total Passengers (thousands)||6,265||5,920||5.8%||38,823||36,116||7.5%|
|Cargo Volume (thousand tons)||30.6||29.2||4.7%||196.8||175.1||12.3%|
|Total Aircraft Movements (thousands)||71.4||68.2||4.8%||428.9||409.6||4.7%|
Passenger Traffic Overview
Total passenger traffic in June 2018 increased by 5.8% compared to the same period of 2017, primarily reflecting growth of 11.1% in Brazil, 2.0% in Argentina and 4.2% in Italy.
In Brazil, passenger traffic at Brasilia Airport continued to recover increasing by 12.0% in June 2018, mainly due to 16.8% growth in domestic passengers. This increase was driven by additional frequencies in existing routes to several domestic destinations by Gol, Latam and Azul which increased their weekly flights by 13%, 8% and 18%, respectively.
In Argentina, domestic traffic increased 9% YoY, partially offset by declines of 7% and 14% in international and transit passengers, respectively reflecting the initial impact of the currency depreciation and more challenging macro conditions. Additional routes and flights to existing destinations were added in Argentina during the last twelve months. Aerolineas Argentinas added new frequencies to Madrid, Punta Cana, Río de Janeiro and São Pablo. Copa Airlines also increased its monthly frequencies from both Aeroparque and Ezeiza to Panama, Latam added frequencies to São Pablo. Low-cost carriers continued to expand operations during this period. LEVEL began flying from Ezeiza to Barcelona, Gol added new frequencies to São Pablo and Recife, and Azul Linhas Aereas added frequencies to Belo Horizonte.
In addition, low-cost carrier Fly Bondi, flying out of El Palomar Airport, continued to increase connectivity throughout Argentina by adding flights to Salta Airport, and by increasing the overall number of frequencies it offers across the country.
The Company’s Italian airports reported a 4.2% YoY increase in traffic, mainly due to the opening of new international and domestic flights, and the addition of new frequencies, that are taking place during the Italian summer season. Operating at Pisa Airport, Pobeda opened a new route to St. Petersburg and added frequencies to Moscow. In addition, Ryanair expanded its Pisa Airport network and added frequencies to both domestic and international destinations. Moreover, TAP opened a new international route to Portugal (Lisbon) operated from Florence Airport.
Passenger traffic in Uruguay declined 4.2% compared to June 2017 mainly as a result of the devaluation of the Real against the US Dollar and to a lower degree as a result of the devaluation of the Argentinean Peso against the US Dollar, which resulted in a decrease in Brazilian and Argentinean passengers, respectively.
Cargo Volume and Aircraft Movements
Cargo volume was up 4.7% in June 2018. Growth was primarily driven by Brazil which posted a 30.2% YoY increase, followed by a 36.7% increase in Ecuador, both as a result of improved economic conditions.
Aircraft movements increased by 4.8% in June 2018 mainly driven by Argentina, up 7.3% during the period, followed by Peru and Brazil, with an increase of 15.2% and 2.2% respectively.
|Summary Passenger Traffic, Cargo Volume and Aircraft Movements|
|Jun’18||Jun’17||% Var.||YTD’18||YTD’17||% Var.|
|Passenger Traffic (thousands)|
|Cargo Volume (tons)|