Total (EPA:) passenger traffic down 4.0% YoY, or 1.6% YoY ex-Natal
International passenger traffic up 3.8% YoY; up 7.0% YoY in Argentina
LUXEMBOURG–(BUSINESS WIRE)–Corporación América Airports S.A. (NYSE: CAAP), (CAAP or the Company), one of the leading private airport operators in the world, reported today a 4.0% year-on-year (YoY) decrease in passenger traffic in October 2024. Excluding Natal for comparison purposes, total traffic in October decreased by 1.6% YoY.
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Monthly Passenger Traffic Performance (In million PAX) (Graphic: Business Wire)
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Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2024 vs. 2023) |
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|
Statistics |
Oct’24 |
Oct’23 |
% Var. |
|
YTD’24 |
YTD’23 |
% Var. |
|
Domestic Passengers (thousands) |
3,596 |
4,043 |
-11.1% |
|
33,561 |
37,899 |
-11.4% |
|
International Passengers (thousands) |
2,684 |
2,587 |
3.8% |
|
25,848 |
23,859 |
8.3% |
|
Transit Passengers (thousands) |
646 |
582 |
11.0% |
|
6,030 |
5,880 |
2.6% |
|
Total Passengers (thousands)1 |
6,927 |
7,212 |
-4.0% |
|
65,440 |
67,638 |
-3.3% |
|
Cargo Volume (thousand tons) |
38.8 |
33.1 |
17.4% |
|
318.6 |
301.7 |
5.6% |
|
Total Aircraft Movements (thousands) |
71.7 |
74.0 |
-3.1% |
|
681.8 |
713.9 |
-4.5% |
|
1 Excluding Natal for comparison purposes, total passenger traffic was down 1.6% in October and 1.1% YTD. |
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Total passenger traffic declined by 4.0% in October compared to the same month in 2023, or 1.6% when adjusting for the discontinuation of Natal airport. Domestic passenger traffic decreased by 11.1% YoY, or 7.3% when excluding Natal, primarily due to weaker YoY domestic traffic performance in Argentina. International traffic increased by 3.8%, mainly driven by growth in Argentina and Italy.
In Argentina, total passenger traffic declined by 7.8% YoY, driven by a weaker performance in domestic traffic, which fell by 13.3% YoY. Last year, domestic traffic benefited from incentives provided by a government program called “Previaje” to boost domestic tourism, but it continued to be impacted by the ongoing recession in the country. JetSMART has incorporated its tenth aircraft in the country, further increasing domestic capacity. Meanwhile, AerolÃneas Argentinas has added three seasonal routes in the Patagonia region: Bariloche-El Calafate, Trelew-El Calafate, and Trelew-Ushuaia. International passenger traffic rose by 7.0% YoY. Among other developments, American Airlines (NASDAQ:) resumed its Ezeiza-Dallas route and increased frequencies on its Ezeiza-Miami and Ezeiza-JFK…
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