Corporación América Airports S.A. Reports November 2024 Passenger Traffic

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Corporación América Airports S.A. Reports November 2024 Passenger Traffic

2024-12-17 21:32 Last Updated At：22:01

LUXEMBOURG--(BUSINESS WIRE)--Dec 17, 2024--

Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”), one of the leading private airport operators in the world, reported today a 2.7% year-on-year (YoY) decrease in passenger traffic in November 2024. Excluding Natal for comparison purposes, total traffic in November decreased by 0.2% YoY.

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Passenger Traffic Overview

Total passenger traffic declined by 2.7% in November compared to the same month in 2023, or 0.2% when adjusting for the discontinuation of Natal airport. Domestic passenger traffic decreased by 6.7% YoY, or 2.6% when excluding Natal, primarily due to weaker YoY domestic traffic performance in Argentina. International traffic increased by 6.6%, mainly driven by growth in Argentina and Italy.

In Argentina, total passenger traffic declined by 3.3% YoY, an improvement compared to the 7.8% YoY decline recorded in October. This result was primarily driven by weaker performance in domestic traffic, which fell by 7.2% YoY. Last year, domestic traffic benefited from incentives provided by a government program called "Previaje" to boost domestic tourism; however, it continued to be impacted by the ongoing recession in the country. JetSMART has continued to gain market share since initiating its growth strategy a few months ago, while Flybondi increased its operational capacity by 13% with the addition of two more aircraft. International passenger traffic increased by 10.3% YoY, up from the 7.0% YoY increase recorded in October. Among other developments, Avianca inaugurated its Guayaquil–Ezeiza route with three weekly flights, and Paranair launched the Jujuy–Asunción route. Additionally, Emirates, Iberia, and United increased their flight frequencies during the month. International passenger traffic in November also benefited from the final game of the Libertadores Cup, with Azul, Gol, JetSMART, and Flybondi scheduling charter flights for the event.

In Italy, passenger traffic grew by 15.3% compared to the same month in 2023. International passenger traffic, which accounted for almost 75% of the total traffic, increased by 10.7% YoY, driven by a 13.7% increase at Florence airport and an 8.1% increase at Pisa airport. Domestic passenger traffic increased by a strong 30.6% YoY, with strong performances at both Pisa and Florence airports.

In Brazil, total passenger traffic decreased by 8.8% YoY, or increased by 4.0% YoY when adjusting for the discontinuation of Natal Airport. These results reflect an improvement in traffic trends despite the still challenging aviation context and aircraft constraints in the country, along with the positive impact of the temporary closure of Porto Alegre airport. Domestic traffic, which accounted for 60% of the total traffic, was down 10.7% YoY, or up 10.3% when excluding Natal, while transit passengers were down 7.1% YoY. As a reminder, following the friendly termination process concluded in February 2024, CAAP no longer operates Natal Airport, effective February 19, 2024. Therefore, statistics for Natal are available up to February 18, 2024.

In Uruguay, total passenger traffic, predominantly international, continued to recover, increasing by 4.4% YoY. American Airlines resumed its Montevideo–Miami route with three weekly flights, which will increase to daily service during the high season. At Punta del Este Airport, the company is inaugurating the summer season with the first direct flight from Santiago de Chile to Punta del Este. From November to March, LATAM will offer three weekly flights to connect these two destinations.

In Ecuador, passenger traffic decreased by 2.6% YoY, following a strong recovery in 2023. International passenger traffic decreased by 1.9% YoY, while domestic traffic decreased by 3.7% YoY, impacted by high airfare prices affecting travel demand.

In Armenia, passenger traffic decreased by 0.2% YoY, consistent with last month's performance and following a strong recovery in 2023, which benefited from the introduction of new airlines and routes, as well as an increase in flight frequencies. The introduction of new routes has continued into 2024.

Cargo Volume and Aircraft Movements

Cargo volume increased by 23.2% compared to the same month in 2023, with positive YoY contributions from all countries of operation, except for Italy and Ecuador: Argentina (+28.2%), Uruguay (+17.1%), Armenia (+80.3%), Brazil (+5.2%), Ecuador (-0.3%) and Italy (-5.0%). Argentina, Brazil, and Armenia accounted for more than 80% of the total cargo volume in November.

Aircraft movements increased by 7.0% YoY, with positive YoY contributions from all countries of operation, except for Brazil: Argentina (+14.6%), Uruguay (+3.6%), Armenia (+2.7%), Ecuador (+3.6%), Italy (+5.6%), and Brazil (-9.8%). Argentina, Brazil, and Ecuador accounted for more than 80% of total aircraft movements in November.

About Corporación América Airports

Corporación América Airports acquires, develops and operates airport concessions. Currently, the Company operates 52 airports in 6 countries across Latin America and Europe (Argentina, Brazil, Uruguay, Ecuador, Armenia and Italy). In 2023, Corporación América Airports served 81.1 million passengers, 23.7% above the 65.6 million passengers served in 2022 and 3.6% below the 84.2 million served in 2019. 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.

The heaviest snowfall in a decade is possible as a wintery blast roils parts of the US

2025-01-06 01:49 Last Updated At：01:51

A blast of snow, ice, wind and plunging temperatures stirred up dangerous travel conditions in parts of the central U.S. on Sunday, as a disruptive winter storm brought the possibility of the “heaviest snowfall in a decade” to some areas.

Snow and ice blanketed major roadways in nearly all of Kansas, western Nebraska and parts of Indiana, where the state's National Guard was activated to help any motorists who were stuck. At least 8 inches of snow were expected, particularly north of Interstate 70, as the National Weather Service issued winter storm warnings for Kansas and Missouri, where blizzard conditions were reported. The warning extended to New Jersey for Monday and into early Tuesday.

“For locations in this region that receive the highest snow totals, it may be the heaviest snowfall in at least a decade,” the weather service said early Sunday.

About 63 million people in the U.S. were under some kind of winter weather advisory, watch or warning on Sunday, according to Bob Oravec with the National Weather Service.

The polar vortex of ultra-cold air usually spins around the North Pole. People in the U.S., Europe and Asia experience its intense cold when the vortex escapes and stretches south.

Studies show a fast-warming Arctic is partly to blame for the increasing frequency of the polar vortex extending its icy grip.

In Indiana, snow fully covered portions of Interstate 64, Interstate 69 and U.S. Route 41, prompting Indiana State Police to plead with motorists to stay off the roads as plows worked to keep up with the pace of the precipitation.

“It’s snowing so hard, the snow plows go through and then within a half hour the roadways are completely covered again,” Sgt. Todd Ringle said.

Part of I-70 was closed in central Kansas by Saturday afternoon. Roughly 10 inches (25 centimeters) of snow had fallen in parts of the state, with snow and sleet totals predicted to top 14 inches for parts of Kansas and northern Missouri.

Parts of upstate New York saw 3 feet (0.9 meters) or more of snow from a lake effect event expected to last until late Sunday afternoon.

The storm was then forecast to move into the Ohio Valley and reach the Mid-Atlantic states on Sunday and Monday, with a hard freeze expected as far south as Florida.

The National Weather Service warned that travel in numerous states, including Kansas and Missouri, could be “very difficult to impossible.”

Indiana State Police reported a handful of spinouts and crashes Sunday.

A day earlier a fire truck, several tractor-trailers and passenger vehicles overturned west of Salina. Rigs also jackknifed and went into ditches, state Highway Patrol Trooper Ben Gardner said. He posted a video showing his boots sliding across the highway blacktop like he was on ice skates. He begged people to stay off the roads.

Governors in neighboring Missouri and nearby Arkansas declared states of emergency.

The storms also caused havoc for the nation’s railways, leading to cancelations. Amtrak said in a statement that “adjustments have been made with no alternative transportation being offered” for many rail lines.

More than 20 cancelations were predicted on Sunday and more than 40 were planned for Monday.

The cancelations affected many parts of the country, but the Midwest was hit especially hard. A train between Chicago and New York and several regional trains between Chicago and St. Louis were among those canceled Sunday.

Nearly 200 flights in and out of St. Louis Lambert International Airport were canceled, according to tracking platform FlightAware.

Starting Monday, the eastern two-thirds of the country will experience dangerous, bone-chilling cold and wind chills, forecasters said. Temperatures could be 12 to 25 degrees (7 to 14 degrees Celsius) below normal.

In Chicago on Sunday, temperatures hovered in the teens (minus 7 to 10 Celsius) and around zero in Minneapolis, while dropping to 11 below in International Falls, Minnesota, on the Canadian border.

The Northeastern states are more likely to experience several days of cold following what has mostly been a mild start to winter, said Jon Palmer, a meteorologist with the National Weather Service in Gray, Maine. A plume of cold air coming down from Canada is likely to result in a cold but dry week, he said.

The cold air will likely grip the eastern half of the country as far south as Georgia, Palmer said, with parts of the East Coast experiencing freezing temperatures and lows dipping into the single digits in some areas.

Wind might also pick up as the week gets going, making for potentially dangerous conditions for people exposed to the elements for long periods of time, Palmer said.

The National Weather Service predicted 8 to 12 inches (about 20 to 30 centimeters) of snow for the Annapolis, Maryland, area, with temperatures remaining below freezing throughout the weekend.

In a statement on X, Virginia Gov. Glenn Youngkin declared a state of emergency Friday evening ahead of the storm and encouraged residents to vote before the state's special elections on Tuesday.

Similar declarations were issued in Kansas, Kentucky, Maryland and in central Illinois cities.

“This is the real deal,” meteorologist John Gordon said at a press conference in Louisville, Kentucky. “Are the weather people blowing this out of proportion? No.”

Read more of AP’s climate coverage at http://www.apnews.com/climate-and-environment

Associated Press journalists Julie Walker in New York, Sophia Tareen in Chicago and Summer Ballentine in Columbia, Missouri, contributed. Witte reported from Annapolis, Maryland. Whittle reported from Portland, Maine.