CAAP reports 2.7% decrease in November passenger traffic y/y

Corporacion America Airport (CAAP)s reported today a 2.7% year-on-year YoY decrease in passenger traffic in November 2024. Excluding Natal for comparison purposes, total traffic in November decreased by 0.2% YoY. Total passenger traffic declined by 2.7% in November compared to the same month in 2023, or 0.2% when adjusting for the discontinuation of Natal airport. Domestic passenger traffic decreased by 6.7% YoY, or 2.6% when excluding Natal, primarily due to weaker YoY domestic traffic performance in Argentina. International traffic increased by 6.6%, mainly driven by growth in Argentina and Italy. In Argentina, total passenger traffic declined by 3.3% YoY, an improvement compared to the 7.8% YoY decline recorded in October…Cargo volume increased by 23.2% compared to the same month in 2023, with positive YoY contributions from all countries of operation, except for Italy and Ecuador: Argentina , Uruguay , Armenia , Brazil , Ecuador and Italy . Argentina, Brazil, and Armenia accounted for more than 80% of the total cargo volume in November. Aircraft movements increased by 7.0% YoY..