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

Total passenger traffic improved sequentially and declined 52.8% when compared to August 2019.

Cargo volume was down 20.5% versus August 2019.

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 320.4% YoY increase in passenger traffic in August 2021, and a 52.8% decline when compared to the same period of 2019.

Passenger Traffic Overview

Total passenger traffic in August 2021 grew 3.2x compared to the same period of last year, driven by increases across all countries of operations reflecting easier comparisons as travel restrictions to contain the COVID-19 pandemic were higher last year. When compared to 2019, overall passenger traffic declined 52.8%, impacted by the COVID-19 pandemic, though consistently improving from the decline of 75.7% recorded in April. International and domestic passenger traffic dropped 63.2% and 49.8%, respectively, from pre-pandemic levels of August 2019.

In Argentina, total passenger traffic increased 49.5x YoY. Against August 2019, overall passenger traffic declined 71.8%, with international passenger traffic declining 91.4%, impacted by tight government restrictions to international flights, including a limit of 1,700 arriving international passengers per day for most part of the month, while borders remain closed to non-resident foreigners, with limited exceptions. Domestic passenger traffic, which currently has no restrictions, declined 63.3% compared to 2019.

In Italy, passenger traffic grew 65.2% YoY. Passenger traffic against August 2019 declined 46.5%, recovering sequentially from the 55.3% drop in July. International passenger traffic continued to improve sequentially, decreasing 55.1% in August 2021 against August 2019, recovering from the decline of 64.3% in July. Domestic traffic, which benefited mainly from the summer season in the region, also improved sequentially to a decline of 5.8% in August 2021 against August 2019, from a decline of 15.7% in July.

In Brazil, total passenger traffic was up 151.8 YoY. Compared to the same month in 2019, overall passenger traffic declined 23.7%, showing a continued improvement since the 69.1% decline posted in April, reflecting better sanitary conditions in the country, advanced vaccination roll-out and increased passenger demand.

Total passenger traffic in Uruguay increased 4.2x YoY, but declined 74.4% when compared to August 2019, still impacted by prolonged restrictions to air travel implemented by the government, including the closure of borders to non-resident foreigners, coupled with weak demand. Effective September 1, borders are open for property-owners in Uruguay, presenting a full vaccination certificate and a negative Covid test, and starting November 1 borders will re-open to all foreigners, also presenting a full vaccination certificate and a negative Covid test.

In Ecuador, passenger traffic increased 4.5x YoY. When compared to the same month of 2019, total traffic declined 34.4% in August 2021, improving from the 41.4% drop in July 2021. International passenger traffic decreased 23.6%, recovering from the 26.5% drop in July 2021 against 2019, while domestic passenger traffic declined 44.7% against August 2019, also showing a recovery versus the 54.3% decline posted in July.

In Armenia, total passenger traffic increased 10.8x YoY. Compared to August 2019, passenger traffic declined 12.2%, improving from the 19.1% decline reported in July 2021, versus July 2019. Passenger traffic continued to benefit from increased demand coupled with travel bans in countries where Armenia competes for tourism.

Cargo Volume and Aircraft Movements

Cargo volume increased 46.6% YoY. When compared to August 2019, total cargo volume in August 2021 dropped 20.5% improving sequentially from the decline of 22.1% in July, mainly driven by declines of 27.2% in Brazil and 20.3% in Argentina.

Aircraft movements increased 137.6% YoY. When compared to August 2019, Aircraft movements declined 37.5%, mainly as a result of a 50.2% decline 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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