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

Corporación América Airports S.A. (NYSE: CAAP), ("CAAP" or the "Company") a leading private airport operator in the world, reported today a 29.8% YoY increase in passenger traffic in April 2023, reaching 95.4% of April 2019 levels.

Passenger Traffic Overview

Total passenger traffic grew 29.8% compared to the same month of 2022, supported by the ongoing recovery in travel demand after the Covid-19 pandemic and the gradual resumption of routes and frequencies across all countries of operations. Overall passenger traffic reached 95.4% of April 2019 levels, up from 91.7% posted in March, with international and domestic passenger traffic reaching 98.1% and 96.6% of April 2019 levels, respectively.

In Argentina, total passenger traffic continued to recover increasing 30.1% YoY to 97.8% of April 2019 volumes, up from 93.0% in March. International passenger traffic reached 80.6% of pre-pandemic levels, above the 78.8% recorded in March, while domestic passenger traffic surpassed April 2019 pre-pandemic levels by 7.3%. On April 14, the Company inaugurated a state of the art new departures terminal at Ezeiza Airport, with capacity to serve up to 30 million passengers per year.

In Italy, passenger traffic grew 25.6% versus the same month of 2022. When compared to pre-pandemic levels, total traffic stood at 98.1% of April 2019, up from 91.8% in March. International passenger traffic, which accounted for 80% of total traffic, reached 98.9% of April 2019 levels, up from 96.3% in March.

In Brazil, total passenger traffic increased 22.3% YoY, and reached 89.3% of April 2019 volumes, up from 88.8% in March. Domestic traffic, which accounted for two thirds of total traffic, stood at 95.9% of pre-pandemic levels whereas transit passengers reached 76.9% of April 2019 levels.

In Uruguay, total passenger traffic, which is largely international, increased 42.7% YoY and reached 90.6% of April 2019 levels, up from 86.2% in March, recovering from weaker-than-expected seasonal tourism in Punta del Este.

In Ecuador, passenger traffic increased 16.8% YoY and surpassed pre-pandemic volumes by 11.2%. Both domestic and international passenger traffic exceeded pre-pandemic levels by 16.3% and 6.2%, respectively.

In Armenia, passenger traffic surpassed pre-pandemic levels for the twelfth consecutive month, at 187.0% of April 2019 figures. On a YoY basis, passenger traffic increased 93.9%.

Cargo Volume and Aircraft Movements

Cargo volume increased 0.8% YoY to 80.5% of April 2019 levels, or 81.4% when adjusting for the discontinuation of operations in Peru. Cargo volumes in Armenia and Uruguay were above pre-pandemic levels, whereas Ecuador stood at 86.8%, Argentina at 80.8%, Italy at 78.2%, and Brazil at 54.5%. Over 70% of cargo volume originated in Argentina, Ecuador and Uruguay.

Aircraft movements increased 18.2% YoY and exceeded pre-pandemic levels by 1.2%, or by 4.9% when adjusting for the discontinuation of operations in Peru. Armenia, Uruguay, Argentina and Brazil, which together accounted for more than 80% of aircraft movements, exceeded April 2019 pre-pandemic levels, whereas Italy and Ecuador stood at 98.3% and 97.0%, respectively.

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.