Corporación América Airports S.A. Reports October 2021 Passenger Traffic

Total passenger traffic improved sequentially and reached 58.4% of October 2019 traffic.

Cargo volume stood at 79% of October 2019 levels.

Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”) the largest private sector airport operator in the world by number of airports, reported today a 204.0% YoY increase in passenger traffic in October 2021, and a 41.6% decline when compared to the same period of 2019.

Passenger Traffic Overview

Total passenger traffic in October 2021 grew 2.0x compared to the same period of last year, driven by increases across all countries of operations, particularly in Argentina, reflecting easier comparisons due to tougher travel restrictions in the year ago period. When compared to 2019, overall passenger traffic declined 41.6%, impacted by the COVID-19 pandemic, though consistently improving from the decline of 75.7% recorded in April. International and domestic passenger traffic dropped 57.5% and 34.5%, respectively, from pre-pandemic levels of October 2019.

In Argentina, total passenger traffic increased 18.7x YoY. Against October 2019, overall passenger traffic declined 56.2%, with international passenger traffic decreasing 81.5%, impacted by tight government restrictions to international flights, including a limit of 2,300 arriving international passengers per day for most part of the month, while borders remained closed to non-resident foreigners, with limited exceptions. Domestic passenger traffic, which has no restrictions, declined 44.4% compared to 2019, improving sequentially from the decline of 53.4% recorded in September.

In Italy, where the recovery continued throughout the year, passenger traffic grew 211.2% YoY. When compared to October 2019, passenger traffic declined 41.1%, improving from the 47.7% drop reported in September, which benefited from the summer season in the region. International passenger traffic continued to improve sequentially, decreasing 46.7% in October 2021 against the same month in 2019, whereas domestic traffic stood at over 80% of pre-pandemic levels.

In Brazil, total passenger traffic was up 46.1% YoY. Compared to the same month in 2019, overall passenger traffic declined 20.9%, showing a continued improvement from the 69.1% drop posted in April 2021, reflecting better sanitary conditions in the country, advanced vaccination roll-out and increased passenger demand.

Total passenger traffic in Uruguay increased 3.5x YoY. Against October 2019, passenger traffic was down 64.5% but continued to improve sequentially, benefiting from the partial opening of borders, effective September 1. Noteworthy, starting November 1, 2021, borders are fully re-open to all foreigners who present a full vaccination certificate and a negative Covid test.

In Ecuador, passenger traffic increased 1.6x YoY. When compared to the same months of 2019, total traffic in October 2021 declined 21.7% showing a strong improvement since the 64.8% decline posted last April. International passenger traffic decreased 18.0%, recovering strongly from the 58.8% drop reported in March 2021 against 2019. Domestic passenger traffic, in turn, declined 26.2% against October 2019, showing a recovery versus the 32.7% decline posted in September.

In Armenia, total passenger traffic increased 5.6x YoY. Compared to October 2019, passenger traffic continued with its positive recovery trend reaching almost 90% of pre-pandemic levels, despite lower tourism activity in the reported month.

Cargo Volume and Aircraft Movements

Cargo volume increased 31.5% YoY. When compared to October 2019, total cargo volume dropped 21.4%, mainly driven by decreases in Argentina and Brazil. While cargo volume in Uruguay was almost at the same level than the same month of 2019, Italy reported higher cargo volume during that period.

Aircraft movements increased 100.6% YoY. When compared to October 2019, Aircraft movements declined 29.7%, mainly as a result of a 37.3% decrease in Argentina.

About Corporación América Airports

Corporación América Airports acquires, develops and operates airport concessions. Currently, the Company operates 52 airports in 7 countries across Latin America and Europe (Argentina, Brazil, Uruguay, Peru, Ecuador, Armenia and Italy). In 2019, Corporación América Airports served 84.2 million passengers. The Company is listed on the New York Stock Exchange where it trades under the ticker “CAAP”. For more information, visit http://investors.corporacionamericaairports.com.

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