Corporacion America Airports reports March traffic

Apr. 16, 2020 6:02 AM ETCorporación América Airports S.A. (CAAP)By: Niloofer Shaikh, SA News Editor
  • Corporacion America Airports (NYSE:CAAP) reports passenger traffic declined 48.7% to 3.54M in March, primarily reflecting lower travel demand along with travel restrictions imposed by governments, aiming to containing the spread of COVID-19 pandemic.
  • Domestic passenger: 2.06M (-47.9% Y/Y); International passenger: 1.06M (-53.4% Y/Y); Transit passenger: 429K (-38.1% Y/Y).
  • Cargo volume fell 35.9% to 24.5KT, mainly due to declines of 37.4% in Argentina, 46.6% in Brazil and 59.3% in Ecuador.
  • Total aircraft movements squeezed 41.3% Y/Y to 42K.

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