Corporación América Airports report October 2018 total passenger traffic of USD 7m

Private sector airport operator Corporación América Airports S.A. (NYSE: CAAP) has reported 7.07m in total passenger traffic on October 2018, compared to 6.76m in October 2017, an increase of 4.5%, the company said.

Total passenger traffic in October 2018 reflects growth of 5.6% in Argentina, 4.9% in Italy and 14.2% in Armenia.

Cargo volume declined 3.6% in October 2018 mainly impacted by a 12.7% decline in Argentina, partially offset by cargo volume growth across the majority of countries of operations. In Armenia, cargo volume increased 9.2%, reverting the negative trend in the previous months.

Aircraft movements remained increased 2.3% in October 2018, mainly driven by Argentina, which increased 4.8%, followed by Ecuador, with an increase of 12.4%.

Corporación América Airports acquires, develops and operates airport concessions. The Company is the largest private airport operator in the world by the number of airports and the tenth largest based on passenger traffic. Currently, the Company operates 52 airports in 7 countries across Latin America and Europe (Argentina, Brazil, Uruguay, Peru, Ecuador, Armenia and Italy).