Corporación América Airports S.A. Reports February 2023 Passenger Traffic

Total passenger traffic up 35.5% YoY reaching 88% of pre-pandemic levels;

Armenia and Ecuador above February 2019 levels, while Argentina and Brazil at 91% and 82%, respectively

Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”) a leading private airport operator in the world, reported today a 35.5% YoY increase in passenger traffic in February 2023, reaching 88.1% of February 2019 levels.

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2-Year Passenger Traffic Monthly Performance (vs. 2019) (Graphic: Business Wire)

Passenger Traffic Overview

Total passenger traffic grew 35.5% compared to the same month of 2022, supported by an ongoing recovery in travel demand after the Covid-19 pandemic, as reflected by higher load factors and the gradual resumption of routes and frequencies across all countries of operations. Overall passenger traffic reached 88.1% of February 2019 levels, down from the 89.9% posted in January, with international and domestic passenger traffic reaching 90.1% and 90.3% of February 2019 levels, respectively.

In Argentina, total passenger traffic continued to recover increasing 40.2% YoY and reaching 91.3% of February 2019 levels, slightly down from the 93.0% posted in January. International passenger traffic reached 77.8% of pre-pandemic levels, in line with the 77.7% recorded in January, while domestic passenger traffic reached 99.3% of February 2019 pre-pandemic levels.

In Italy, passenger traffic grew 54.6% versus the same month of 2022. When compared to pre-pandemic levels, total traffic stood at 89.8% of February 2019, down from the 91.9% posted in January, with international passenger traffic, which accounted for almost 75% of total traffic, reaching 93.0% of February 2019 levels, up from the 92.6% recorded in January.

In Brazil, total passenger traffic increased 13.3% YoY, and reached 82.4% of February 2019 levels, down from 85.3% recorded in January. Domestic traffic, which accounted for more than 60% of total traffic, improved to 93.2% of pre-pandemic levels whereas transit passengers reached 68.4% of February 2019 levels.

In Uruguay, total passenger traffic, which is largely international, increased 50.4% YoY and reached 72.8% of February 2019 levels, down from the 74.4% posted in January, partly impacted by a weaker-than-expected seasonal tourism, in Punta del Este.

In Ecuador, passenger traffic increased 29.1% YoY and surpassed pre-pandemic levels by 0.7%. International passenger traffic exceeded pre-pandemic levels by 5.6%, whereas domestic passenger traffic reached 96.8% of February 2019 pre-pandemic levels.

In Armenia, passenger traffic surpassed pre-pandemic levels for the tenth consecutive month, at 191.5% of February 2019 figures. On a YoY basis, passenger traffic increased 91.1%.

Cargo Volume and Aircraft Movements

Cargo volume remained unchanged YoY and reached 75.1% of February 2019 levels, or to 76.0% when adjusting for the discontinuation of operations in Peru. Cargo volumes in Armenia, Uruguay and Italy were above pre-pandemic levels, whereas Argentina, Brazil and Ecuador stood at 74.6%, 57.3% and 67.1%, respectively. Around 80% of cargo volume originated in Argentina, Ecuador and Brazil.

Aircraft movements increased 24.1% YoY reaching 91.0% of February 2019 levels, or 94.1% when adjusting for the discontinuation of operations in Peru. Around 85% of aircraft movements originated in Argentina, Brazil and Ecuador, which reached 92.2%, 92.1% and 93.2% of February 2019 levels, respectively. Aircraft movements in all countries of operations were above 90% of February 2019 levels, with Armenia exceeding pre-pandemic levels by 78.2%, except for Italy that stood at 86.8%.

Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2023 vs. 2022)

Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2023 vs. 2019)

About Corporación América Airports

Corporación América Airports acquires, develops and operates airport concessions. Currently, the Company operates 53 airports in 6 countries across Latin America and Europe (Argentina, Brazil, Uruguay, Ecuador, Armenia and Italy). In 2022, Corporación América Airports served 65.6 million passengers, 83.7% above the 35.7 million passengers served in 2021 and 22.1% below the 84.2 million served in 2019. 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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