CAAP - Corporación América Airports sees 139% growth in March 2022 passenger traffic

Corporación América Airports (NYSE:CAAP) reported a 138.9% Y/Y increase in passenger traffic in March 2022 to 4.7M; it marks 68.6% of pre-pandemic levels of March 2019. Significant growth was driven by international passengers (+269.5%) followed by domestic passengers (+122.4%). Amongst growth across all countries of operations, Argentina (+153%) reported highest growth with demand recovering due to full re-opening of borders on Nov.1, 2021. Aircraft movements increased 74.1% Y/Y; compared to March 2019, Aircraft movements declined 20.6% led by 22.7% decrease in Argentina, which explains ~60% of the overall drop, together with a 14.7% decline in Brazil.

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Corporación América Airports sees 139% growth in March 2022 passenger traffic