CAAP - Corporación América Airports says March passenger traffic at ~92% of pre-pandemic levels

2023-04-18 17:12:28 ET

• Private airport operator Corporación América Airports ( NYSE: CAAP ) on Tuesday said total passenger traffic for the month of March 2023 increased 33.6% Y/Y.
• The rise in traffic was supported by an ongoing recovery in travel demand following the COVID-19 pandemic, as reflected by higher load factors and the gradual restart of routes and frequencies across all countries of operations, CAAP said in a statement .
• CAAP said traffic in Armenia and Ecuador were above pre-pandemic levels, while Argentina and Brazil were at 93% and 89%, respectively.
• Overall March passenger traffic recovered to 91.7% of pre-pandemic levels in March 2019.
• CAAP said cargo volume for March rose 9.8% Y/Y and stood at 87.3% of March 2019 levels. Around 80% of cargo volume originated in Argentina, Ecuador and Brazil.
• Corporación América Airports ( CAAP ) stock earlier closed -0.4% at $11.35.

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