Private sector airport operator CorporaciÃ³n AmÃ©rica Airports S.A. (NYSE: CAAP) has reported a 6.9% increase in passenger traffic in May 2018, compared to the same period in 2017, the company said.
The increase reflects a growth of 6.7% in Argentina, 6.4% in rail, a 17.2% increase in Peru and 11% in Ecuador.
Traffic growth in Argentina, CorporaciÃ³n AmÃ©rica Airports´ core business segment, reflects ongoing addition of new routes, flights to existing destinations and the entrance of low-cost carriers.
Cargo volume was up 6.8% in May 2018. Aircraft movements increased by 5.4% in May 2018.
CorporaciÃ³n AmÃ©rica Airports acquires, develops and operates airport concessions. The company is the largest private airport operator in the world by number of airports. The Company currently operates 52 airports in 7 countries across Latin America and Europe. The company served 76.6 million passengers in 2017.