Corporación América total passenger traffic up 6.8% in January

Corporación América Airports S.A. (NYSE: CAAP), the largest private sector airport concession operator in the world by number of airports, has reported preliminary year-over-year passenger traffic growth of 6.8% in January 2018, 6.4% in February 2018, and 6.7% for the full year 2017, the company said.

Total passenger traffic in January 2018 increased by 6.8% compared to the same period of 2017, primarily reflecting growth of 11.3% in Argentina and 5.6% in Uruguay. In February 2018, total traffic increased by 6.3% compared to the same period of 2017 primarily reflecting growth of 9.1% in Argentina and 7.5% in Uruguay.

During 2017, total passenger traffic increased 6.7% compared to 2016, mainly driven by traffic growth of 14.3% in Argentina, along with increases of 11.7% in Uruguay and 20.6% in Armenia.

The strong performance in Argentina, the company´s main business segment, resulted from the incorporation of new routes, a large number of flights to existing destinations and the entrance of low cost airlines, contributing to increase connectivity throughout the country as well as to international destinations.

At Ezeiza airport, Level started five weekly flights to Barcelona, Azul launched 14 weekly flights to several Brazilian destinations and United opened a daily flight to New York. At Aeroparque airport, Amaszonas started 40 weekly flights to neighboring countries Paraguay and Uruguay, and Avianca added more than 30 flights to Florianópolis, in Brazil, and domestic destinations Mar del Plata and Rosario, in Argentina.

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). In 2017, it served 76.6 million passengers.