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Corporacion America Airports SA
Symbol U : CAAP
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Corporaci ³n Am ©rica Airports S.A. Reports 9.6% YoY Increase in Total Passenger Traffic in March 2018

2018-04-16 20:30 ET - News Release

Passenger traffic in Argentine operations up 13.3% during the period


Company Website: http://investors.corporacionamericaairports.com/
LUXEMBOURG -- (Business Wire)

Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”) the largest private sector airport concession operator in the world by number of airports, reported today preliminary year-over-year passenger traffic growth of 9.6% in March 2018.

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights                  
Statistics   Mar’18   Mar’17   % Var     YTD’18   YTD’17   % Var
Domestic Passengers (thousands)   3,647,363   3,352,365   8.8%     10,572,544   10,052,810   5.2%
International Passengers (thousands)   2,291,629   2,124,272   7.9%     6,731,715   6,289,046   7.0%
Transit Passengers (thousands)   737,681   617,953   19.4%     2,342,442   1,916,978   22.2%
Total Passengers (thousands)   6,676,673   6,094,590   9.6%     19,646,701   18,258,834   7.6%
Cargo Volume (thousand tons)   36,581   32,374   13.0%     98,571   86,203   14.3%
Total Aircraft Movements (thousands)   73,876   70,700   4.5%     213,379   205,155   4.0%

Passenger Traffic Overview

Total passenger traffic in March 2018 increased by 9.6% compared to the same period of 2017, primarily reflecting growth of 13.3% in Argentina and 11.2% in Uruguay.

Traffic growth in Argentina, the Company’s main business segment, reflects the addition of new routes, flights to existing destinations and the entrance of low cost carriers. In March 2018, Ethiopian Airlines started a new route to Adís Abeba, with five weekly flights, connecting through Sao Paulo, Brazil and Azul added a new route from Córdoba to Recife, Brazil.

Fly Bondi continued to add new routes to increase connectivity throughout Argentina. In addition to its existing routes from Buenos Aires (Córdoba, Bariloche, Neuquén and Tucumán), in March 2018 it inaugurated flights to the provinces of Mendoza, Jujuy and Corrientes, and started the route Bariloche – Neuquén.

In addition, American Airlines announced a new route that will connect Buenos Aires with Los Angeles, beginning in December 2018, with a frequency of three times a week. American Airlines already operates direct flights to Miami, Dallas and New York from Ezeiza Airport.

In Brazil, passenger traffic at Brasilia airport increased by 4% in March 2018 reflecting continued signs of recovery from last year’s passenger drop as a result of the economic crisis.

Cargo Volume and Aircraft Movements

CAAP also reported strong cargo volume, up 13.0% in March 2018. Argentina was the main contributor to cargo volume growth – with an increase of 21.4% in March 2018, followed by significant growth in Uruguay and Brazil.

Aircraft movements increased by 4.5% in March 2018, mainly driven by Argentina – up 8.6% during the period, followed by Uruguay, with an increase of 10.3%.

Summary Passenger Traffic, Cargo Volume and Aircraft Movements

    Mar’18   Mar’17   % Var.     YTD’18   YTD’17   % Var.
Passenger Traffic (thousands)                          
Argentina   3,461,956   3,055,708   13.3%     10,247,178   9,209,925   11.3%
Italy   542,591   521,234   4.1%     1,397,713   1,370,039   2.0%
Brazil   1,633,689   1,581,947   3.3%     4,965,508   4,849,771   2.4%
Uruguay   206,175   185,492   11.2%     685,036   635,466   7.8%
Ecuador   382,139   363,086   5.2%     1,028,324   1,033,392   -0.5%
Armenia   186,526   167,886   11.1%     524,295   477,159   9.9%
Peru   263,597   219,237   20.2%     798,647   683,082   16.9%
TOTAL   6,676,673   6,094,590   9.6%     19,646,701   18,258,834   7.6%
                           
Cargo Volume (tons)                          
Argentina   22,219   18,299   21.4%     60,392   49,220   22.7%
Italy   929   1,188   -21.8%     2,657   2,746   -3.3%
Brazil   5,338   4,880   9.4%     14,083   12,588   11.9%
Uruguay   2,792   2,176   28.3%     6,756   6,055   11.6%
Ecuador   3,432   3,104   10.5%     10,045   9,591   4.7%
Armenia   1,465   2,312   -36.6%     3,474   4,869   -28.6%
Peru   406   414   -2.0%     1,165   1,135   2.6%
TOTAL   36,581   32,374   13.0%     98,571   86,203   14.3%
                           
Aircraft Movements                          
Argentina   39,395   36,291   8.6%     113,425   104,363   8.7%
Italy   5,284   5,303   -0.4%     13,885   14,072   -1.3%
Brazil   15,421   15,718   -1.9%     44,750   45,441   -1.5%
Uruguay   2,966   2,688   10.3%     10,948   10,283   6.5%
Ecuador   6,480   6,910   -6.2%     17,989   20,280   -11.3%
Armenia   1,751   1,661   5.4%     4,915   4,446   10.5%
Peru   2,579   2,129   21.1%     7,467   6,270   19.1%
TOTAL   73,876   70,700   4.5%     213,379   205,155   4.0%

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. The Company is the largest private airport operator in the world by the number of airports and the tenth largest based on passenger traffic. Currently, the Company operates 52 airports in 7 countries across Latin America and Europe (Argentina, Brazil, Uruguay, Peru, Ecuador, Armenia and Italy). In 2017, it served 76.6 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:

Corporación América Airports S.A.
Investor Relations:
Gimena Albanesi, +5411 4852-6411
gimena.albanesi@caairports.com

Source: Corporación América Airports S.A.

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