Total passenger traffic continued to recover reaching 78.9% of July 2019 traffic levels and up 99.3% YoY

Armenia at 112% of pre-pandemic levels; Ecuador and Italy at 96% and 91%, respectively

Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”) a leading private airport operator in the world, reported today a 99.3% YoY increase in passenger traffic in July 2022, reaching 78.9% of pre-pandemic levels of July 2019.

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

Passenger Traffic Overview

Total passenger traffic in July 2022 grew 99.3% compared to the same month of last year, driven by increases across all countries of operations, particularly in Argentina and Italy, supported by a continued recovery in travel demand following the gradual lifting of travel restrictions across all countries of operations. Overall passenger traffic recovered to 78.9% of July 2019 levels, from 77.5% in June, with international and domestic passenger traffic reaching 82.3% and 77.8% of July 2019, respectively.

In Argentina, total passenger traffic continued to recover increasing 261% YoY and reaching 75.8% of July 2019 levels, slightly down from the 77.5% posted in June. International passenger traffic improved to 68.0% of pre-pandemic levels, compared with 64.2% in June, showing a continued recovery since the full re-opening of borders on November 1, 2021 and the lifting of travel requirements. Domestic passenger traffic increased sequentially in absolute terms, reaching 78.7% of July 2019 levels, down from the 83.1% posted in June, due to a particularly strong July 2019.

In Italy, passenger traffic grew 104% YoY reaching 91.3% of July 2019 levels, up from the 85.0% and 89.5% posted in May and June, respectively. Passenger traffic benefited from the start of the summer season and trends are expected to improve further in the coming months, also reflecting the lifting of travel restrictions effective June 1, 2022. To note, domestic traffic exceeded pre-pandemic levels boosted by a strong performance at the Pisa airport.

In Brazil, total passenger traffic increased 27.5% YoY, and reached 84.6% of July 2019 pre-pandemic levels, up from 77.7% recorded in June. Domestic traffic, which accounted for 67% of total traffic, stood above 90% of pre-pandemic levels whereas transit passengers reached 71.2% of July 2019 levels.

Total passenger traffic in Uruguay, where traffic is largely international, increased 212% YoY and reached 65.6% of July 2019 levels, broadly in line with the 65.9% posted in June.

In Ecuador, passenger traffic increased 63.4% YoY reaching 95.8% of July 2019 levels, up from the 89.2% posted in June. International passenger traffic performed well, reaching 95.0% of pre-pandemic levels, supported by routes to Europe, as well as the US and Panama. Domestic passenger traffic improved to 97.3% of July 2019 pre-pandemic levels after the 84.0% recorded in June, when traffic was impacted by flight cancelations due to protests and social unrest in the country.

In Armenia, total passenger traffic increased 38.9% YoY. Passenger traffic continued to perform well, surpassing pre-pandemic levels for the third consecutive month, at 112.4% of July 2019, improving from the 107.4% and 111.4% recorded in May and June, respectively.

Cargo Volume and Aircraft Movements

Cargo volume decreased 5.1% YoY and stood at 73.9% of July 2019 levels, or at 74.8% when adjusting for the discontinuation in Peru. Close to 70% of cargo volume came from Argentina and Brazil, which reported volume declines of 22.7% and 53.8% versus July 2019 pre-pandemic levels. To note, Armenia and Italy reported higher cargo volume than pre-pandemic levels, whereas Uruguay stood at 99%.

Aircraft movements increased 46.0% YoY reaching 84.6% of July 2019 levels, or at 87.7% when adjusting for the discontinuation of operations in Peru. Around 70% of aircraft movements came from Argentina and Brazil, which reached 81.7% and 92.1% of pre-pandemic levels, respectively. To note, aircraft movements in Armenia were above July 2019 levels.

Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2022 vs. 2021)

Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2022 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 2021, Corporación América Airports served 35.7 million passengers, or 42.4% of the 84.2 million passengers 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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