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

Rhea-AI Summary

Corporación América Airports (CAAP) reported a remarkable 907.0% YoY increase in passenger traffic for June 2021, yet remains 68.7% below June 2019 levels, reflecting ongoing impacts of the COVID-19 pandemic. Domestic passengers rose 809.8% YoY to 1,148,000, while international traffic surged 921.4% YoY to 566,000. Despite a 67.5% increase in cargo volume year-on-year, cargo is 22.6% lower than in 2019. Aircraft movements increased 172.4% YoY but dropped 49.6% compared to 2019, highlighting a persistent recovery challenge.

Positive

• Passenger traffic increased 907.0% YoY in June 2021.
• Domestic passenger traffic rose 809.8% YoY to 1,148,000.
• International passenger traffic surged 921.4% YoY to 566,000.
• Cargo volume increased 67.5% YoY.
• Aircraft movements rose 172.4% YoY.

Negative

• Total passenger traffic down 68.7% compared to June 2019.
• Domestic passenger traffic declined 68.6% vs. June 2019.
• International passenger traffic fell 76.0% vs. June 2019.
• Cargo volume 22.6% lower than June 2019.
• Total aircraft movements down 49.6% compared to June 2019.

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 907.0% YoY increase in passenger traffic in June 2021, and a 68.7% decline when compared to the same period of 2019.

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2021 vs. 2020)
Statistics	Jun'21	Jun'20(3)	% Var.		YTD’21	YTD'20(1)(2)(3)		% Var.
Domestic Passengers (thousands)	1,148	126	809.8%		7,624	10,143		-24.8%
International Passengers (thousands)	566	55	921.4%		2,348	5,467		-57.1%
Transit Passengers (thousands)	356	24	1384.3%		2,015	1,946		3.5%
Total Passengers (thousands)	2,070	206	907.0%		11,986	17,556		-31.7%
Cargo Volume (thousand tons)	25.5	15.2	67.5%		151.1	130.6		15.7%
Total Aircraft Movements (thousands)	34.2	12.6	172.4%		194.2	207.1		-6.2%
Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2021 vs. 2019)
Statistics	Jun'21	Jun'19(1)(3)	% Var.		YTD’21	YTD'19(1)(3)		% Var.
Domestic Passengers (thousands)	1,148	3,658	-68.6%		7,624	22,704		-66.4%
International Passengers (thousands)	566	2,355	-76.0%		2,348	13,747		-82.9%
Transit Passengers (thousands)	356	610	-41.6%		2,015	4,125		-51.2%
Total Passengers (thousands)	2,070	6,623	-68.7%		11,986	40,577		-70.5%
Cargo Volume (thousand tons)	25.5	33.0	-22.6%		151.1	210.7		-28.3%
Total Aircraft Movements (thousands)	34.2	67.9	-49.6%		194.2	419.6		-53.7%

(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 June 2021 grew 9.0x YoY compared to the same period of last year, reflecting easier comparisons as June 2020 was highly impacted by the restrictions and travel bans to contain the COVID-19 pandemic. When compared to 2019, overall passenger traffic declined 68.7%, impacted by the COVID-19 pandemic across all countries of operations. However, this was a sequential improvement from the 73.6% decline reported in May 2021 vs 2019. International and domestic passenger traffic dropped 76.0% and 68.6%, respectively, from pre-pandemic levels of June 2019.

In Argentina, total passenger traffic increased 17.7x YoY. Against June 2019, overall passenger traffic declined 85.7%, with international passenger traffic declining 89.5%, impacted by tightened government restrictions to international flights, including a limit of 600 arriving international passengers per day starting the last week of June, while borders remain closed to non-resident foreigners, with limited exceptions. Domestic passenger traffic declined 84.3% compared to 2019, due to low passenger demand.

In Italy, passenger traffic grew 9.2x YoY. Passenger traffic against June 2019 declined 74.9%, recovering sequentially from the 89.8% drop in May. Both international and domestic passenger traffic improved sequentially decreasing 83.2% and 40.0%, respectively, in June 2021 against June 2019, recovering from the respective declines of 93.9% and 73.9% %, in May.

In Brazil, total passenger traffic was up 6.0x YoY. Compared to the same month in 2019, overall passenger traffic declined 39.3%, showing an improvement from the declines of 50.8% and 69.1% posted in May and April 2021, respectively, reflecting better sanitary conditions in the country and increased passenger demand.

Total passenger traffic in Uruguay increased 6.0x YoY, but declined 86.4% when compared to June 2019, still impacted by prolonged restrictions to air travel implemented by the government, including the closure of borders to non-resident foreigners, coupled with weak demand.

In Ecuador, passenger traffic increased 8.6x YoY. When compared to 2019, total traffic declined 45.9%, showing a sequential improvement from the 56.6% drop in May 2021. International passenger traffic dropped 28.9%, recovering sequentially from the 43.2% drop in May 2021 against 2019, while domestic passenger traffic declined 60.2% against June 2019.

In Armenia, total passenger traffic increased 13.0x YoY. Compared to June 2019, passenger traffic declined 28.9%, compared with the 23.4% decline reported in May 2021 vs 2019.

Cargo Volume and Aircraft Movements

Cargo volume increased 67.5% YoY. When compared to June 2019, total cargo volume dropped 22.6%, mainly driven by declines of 21.0% in Argentina, 37.3% in Brazil and 31.0% in Ecuador.

Aircraft movements increased 172.4% YoY. When compared to June 2019, Aircraft movements declined 49.6%, mainly as a result of a 61.5% decline in Argentina.

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

	Jun'21	Jun'20	% Var.		YTD'21	YTD'20	% Var.
Passenger Traffic (thousands)
Argentina(1)	473	25	1770.0%		4,460	8,980	-50.3%
Italy	211	21	925.1%		399	1,026	-61.1%
Brazil(2)	837	120	596.7%		4,671	4,610	1.3%
Uruguay	22	3	634.2%		96	534	-82.0%
Ecuador	196	20	859.6%		889	1,015	-12.4%
Armenia	201	14	1298.2%		772	582	32.7%
Peru	131	2	6903.4%		700	809	-13.5%
TOTAL	2,070	206	907.0%		11,986	17,556	-31.7%

(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			13,439	9,453	42.2%			80,183		71,688		11.9%
Italy			1,254	1,118	12.2%			7,101		6,307		12.6%
Brazil			4,766	973	389.8%			30,135		18,872		59.7%
Uruguay(3)			2,295	1,809	26.9%			15,112		16,208		-6.8%
Ecuador			2,259	857	163.6%			9,649		9,735		-0.9%
Armenia			1,302	990	31.5%			7,546		6,629		13.8%
Peru			207	33	528.2%			1,359		1,184		14.8%
TOTAL			25,522	15,233	67.5%			151,084		130,622		15.7%
Aircraft Movements
Argentina			13,207	5,191	154.4%			92,856		105,801		-12.2%
Italy			3,551	1,218	191.5%			9,091		13,103		-30.6%
Brazil			8,521	3,052	179.2%			48,105		44,003		9.3%
Uruguay			1,157	364	217.9%			5,541		8,717		-36.4%
Ecuador			4,482	2,043	119.4%			23,228		21,571		7.7%
Armenia			1,789	372	380.9%			7,702		6,365		21.0%
Peru			1,531	328	366.8%			7,699		7,533		2.2%
TOTAL			34,238	12,568	172.4%			194,222		207,093		-6.2%

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

	Jun'21	Jun'19	% Var.		YTD'21	YTD'19	% Var.
Passenger Traffic (thousands)
Argentina(1)	473	3,312	-85.7%		4,460	21,221	-79.0%
Italy	211	839	-74.9%		399	3,779	-89.4%
Brazil(2)	837	1,380	-39.3%		4,671	9,254	-49.5%
Uruguay	22	158	-86.4%		96	1,142	-91.6%
Ecuador	196	361	-45.9%		889	2,231	-60.1%
Armenia	201	282	-28.9%		772	1,321	-41.5%
Peru	131	292	-55.0%		700	1,631	-57.1%
TOTAL	2,070	6,623	-68.7%		11,986	40,577	-70.5%

(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			13,439	17,020	-21.0%			80,183		110,842		-27.7%
Italy			1,254	1,042	20.3%			7,101		6,508		9.1%
Brazil			4,766	7,605	-37.3%			30,135		47,380		-36.4%
Uruguay(3)			2,295	2,105	9.0%			15,112		14,163		6.7%
Ecuador			2,259	3,275	-31.0%			9,649		21,150		-54.4%
Armenia			1,302	1,540	-15.4%			7,546		8,294		-9.0%
Peru			207	376	-44.9%			1,359		2,362		-42.5%
TOTAL			25,522	32,963	-22.6%			151,084		210,699		-28.3%
Aircraft Movements
Argentina			13,207	34,291	-61.5%			92,856		221,927		-58.2%
Italy			3,551	8,080	-56.1%			9,091		36,596		-75.2%
Brazil			8,521	11,945	-28.7%			48,105		78,375		-38.6%
Uruguay			1,157	1,937	-40.3%			5,541		15,851		-65.0%
Ecuador			4,482	6,544	-31.5%			23,228		40,940		-43.3%
Armenia			1,789	2,361	-24.2%			7,702		11,375		-32.3%
Peru			1,531	2,708	-43.5%			7,699		14,535		-47.0%
TOTAL			34,238	67,866	-49.6%			194,222		419,599		-53.7%

To obtain the full text of this press release, please click on the following link: http://investors.corporacionamericaairports.com/investors/events-and-presentations/press-releases/default.aspx

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/20210715006096/en/

FAQ

What is the passenger traffic growth reported by CAAP for June 2021?

CAAP reported a 907.0% YoY increase in passenger traffic for June 2021.

How does June 2021 passenger traffic compare to June 2019 for CAAP?

Passenger traffic in June 2021 was 68.7% lower than June 2019.

What was the cargo volume change for CAAP in June 2021?

Cargo volume increased by 67.5% year-over-year in June 2021.

How many domestic passengers did CAAP have in June 2021?

CAAP reported 1,148,000 domestic passengers in June 2021.

What is the stock symbol for Corporación América Airports?

The stock symbol for Corporación América Airports is CAAP.