LUXEMBOURG - Corporación América Airports S.A. (NYSE: CAAP), a prominent private airport operator, has reported a 10.3% year-on-year increase in passenger traffic for December 2023. This surge indicates a rebound to 96.2% of the traffic levels seen in December 2019, signaling a near return to pre-pandemic figures.
The company's full-year 2023 passenger traffic also showed a strong recovery, reaching 96.4% of the levels recorded in 2019. This growth is attributed to the continued recovery in travel demand and the gradual resumption of routes and frequencies in all countries where the company operates.
In Argentina, December saw a 14.9% increase in passenger traffic compared to the previous year, with numbers surpassing pre-pandemic volumes by 5.7%. Domestic traffic in Argentina was particularly strong, registering 9.9% higher than December 2019 figures.
Italy also experienced growth, with an 11.3% increase in passenger traffic compared to December 2022, achieving 95.0% of the traffic from December 2019. Florence airport notably exceeded its December 2019 traffic volumes.
Brazil saw a marginal 0.1% year-over-year increase in December, with total passenger traffic at 84.4% of December 2019 levels. The country's traffic was affected by financial and aircraft constraints among some local airlines.
Uruguay's passenger traffic, largely international, grew by 23.2% year-over-year, reaching 97.3% of December 2019 levels. Ecuador and Armenia also reported increases in passenger traffic, with Armenia's numbers surpassing December 2019 levels by a significant 59.9%.
Cargo volume saw an 11.0% year-on-year increase in December, reaching 99.2% of the levels from December 2019. Argentina, Ecuador, and Uruguay all recorded cargo volumes above pre-pandemic levels.
Aircraft movements in December rose by 3.9% compared to the previous year, aligning with December 2019 levels. Armenia, Uruguay, and Argentina saw aircraft movements above their pre-pandemic figures.
Overall, Corporación América Airports served 81.1 million passengers in 2023, a 23.7% increase from the 65.6 million passengers in 2022, yet still 3.6% below the 84.2 million passengers served in 2019. The company, which operates 53 airports across Latin America and Europe, is listed on the New York Stock Exchange under the ticker CAAP.
This report is based on a press release statement from Corporación América Airports.
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