Total passenger traffic continued sequential recovery trend reaching 65.0% of November 2019 traffic.

Strong improvements in Argentina and Uruguay, following the opening of borders.

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 183.1% YoY increase in passenger traffic in November 2021, and a 35.0% decline when compared to the same period of 2019.

Passenger Traffic Overview

Total passenger traffic in November 2021 grew 1.8x 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 and the opening of borders since November 1, 2021. When compared to 2019, overall passenger traffic declined 35.0%, impacted by the COVID-19 pandemic, though consistently improving from the 75.7% decline recorded in April 2021. International and domestic passenger traffic dropped 50.4% and 28.1%, respectively, from pre-pandemic levels of November 2019.

In Argentina, total passenger traffic increased 6.8x YoY. Against November 2019, overall passenger traffic declined 45.3%, with international passenger traffic decreasing 69.2%, showing a significant sequential recovery driven by the opening of borders on November 1, 2021. This compares with a decline of 81.5% in October 2021, versus October 2019. Domestic passenger traffic declined 34.3% compared to 2019, improving sequentially from the decline of 44.4% recorded in October.

In Italy, where the recovery continued throughout the year, passenger traffic grew 7.5x YoY. When compared to November 2019, passenger traffic declined 34.9%, improving from the 41.1% drop reported in October. International passenger traffic continued to improve sequentially, decreasing 41.3% in November 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 35.9% YoY. Compared to the same month in 2019, overall passenger traffic declined 20.7%, 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. Domestic traffic stood at 85.0% of pre-pandemic levels.

Total passenger traffic in Uruguay increased 5.1x YoY. Against November 2019, passenger traffic was down 39.2%, showing a significant sequential improvement after the decline of 64.5% posted in October 2021, versus October 2019, as a consequence of the opening of borders effective November 1, 2021.

In Ecuador, passenger traffic increased 1.2x YoY. When compared to the same month of 2019, total traffic in November 2021 declined 25.0% showing a strong improvement since the 64.8% decrease posted last April. International passenger traffic stood at 85% of pre-pandemic levels, boosted by routes with the US and Panama which are seeing higher passenger traffic than in 2019. Domestic passenger traffic, in turn, declined 35.0% against November 2019.

In Armenia, total passenger traffic increased 4.4x YoY. Compared to November 2019, passenger traffic continued with its positive recovery trend reaching almost 90% of pre-pandemic levels.

Cargo Volume and Aircraft Movements

Cargo volume increased 24.6% YoY. When compared to November 2019, total cargo volume dropped 26.3%, mainly driven by decreases in Argentina and Brazil, which together accounted for 90.0% of the volume decline. While cargo volume in Uruguay was almost at the same level than the same month of 2019, Italy reported a 20.9% cargo volume increase during that period.

Aircraft movements increased 98.2% YoY. When compared to November 2019, Aircraft movements declined 21.6%, mainly as a result of a 26.8% decrease in Argentina. To note, in Uruguay, aircraft movements was 12.3% higher than in November 2019.

Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2021 vs. 2020)

(1) See Footnote 1 in previous table. (2) See Footnote 2 in previous table. (3) See Footnote 3 in previous table.

Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2021 vs. 2019)

(1) See Footnote 1 in previous table. (2) See Footnote 2 in previous table. (3) See Footnote 3 in previous table.

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 November 2021, the Company has signed an agreement with the Government of Uruguay to amend the existing concession agreement under which, among other things, the Company incorporates six additional regional airports, bringing CAAP´s network to a total of 58 airports. 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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