Corporacion America Airport reports October traffic up 4.5%
Corporacion America Airports reported preliminary year-over-year passenger traffic growth of 4.5% in October 2018, primarily reflecting growth of 5.6% in Argentina, 4.9% in Italy and 14.2% in Armenia. In Italy, passenger traffic increased 4.9%, mainly driven from an 8.0% traffic increase % in Pisa Airport, while Florence Airport passenger traffic was relatively flat YoY, mainly as a result of several flight cancellations due to adverse weather conditions. At Pisa Airport, international passengers increased 9.5% in the month, reflecting the continued good performance of routes to Russia, together with an increase in the load factor. In Brazil, passenger traffic increased 1.3% YoY, driven by a 6.6% growth in domestic traffic reflecting the addition of new frequencies to existing routes in several destinations, partially offset by a decline in international traffic, mainly due to the currency depreciation. In Uruguay, passenger traffic declined 3.5% mainly due to currency depreciation in neighboring countries Brazil and Argentina, which resulted in a decrease in passengers.