Total passenger traffic was up 9.0x year-on-year, but declined 68.7% when compared to June 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 907.0% YoY increase in passenger traffic in June 2021, and a 68.7% decline when compared to the same period of 2019.

Passenger Traffic Overview

Total passenger traffic in June 2021 grew 9.0x YoY compared to the same period of last year, reflecting easier comparisons as June 2020 was highly impacted by the restrictions and travel bans to contain the COVID-19 pandemic. When compared to 2019, overall passenger traffic declined 68.7%, impacted by the COVID-19 pandemic across all countries of operations. However, this was a sequential improvement from the 73.6% decline reported in May 2021 vs 2019. International and domestic passenger traffic dropped 76.0% and 68.6%, respectively, from pre-pandemic levels of June 2019.

In Argentina, total passenger traffic increased 17.7x YoY. Against June 2019, overall passenger traffic declined 85.7%, with international passenger traffic declining 89.5%, impacted by tightened government restrictions to international flights, including a limit of 600 arriving international passengers per day starting the last week of June, while borders remain closed to non-resident foreigners, with limited exceptions. Domestic passenger traffic declined 84.3% compared to 2019, due to low passenger demand.

In Italy, passenger traffic grew 9.2x YoY. Passenger traffic against June 2019 declined 74.9%, recovering sequentially from the 89.8% drop in May. Both international and domestic passenger traffic improved sequentially decreasing 83.2% and 40.0%, respectively, in June 2021 against June 2019, recovering from the respective declines of 93.9% and 73.9% %, in May.

In Brazil, total passenger traffic was up 6.0x YoY. Compared to the same month in 2019, overall passenger traffic declined 39.3%, showing an improvement from the declines of 50.8% and 69.1% posted in May and April 2021, respectively, reflecting better sanitary conditions in the country and increased passenger demand.

Total passenger traffic in Uruguay increased 6.0x YoY, but declined 86.4% when compared to June 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.

In Ecuador, passenger traffic increased 8.6x YoY. When compared to 2019, total traffic declined 45.9%, showing a sequential improvement from the 56.6% drop in May 2021. International passenger traffic dropped 28.9%, recovering sequentially from the 43.2% drop in May 2021 against 2019, while domestic passenger traffic declined 60.2% against June 2019.

In Armenia, total passenger traffic increased 13.0x YoY. Compared to June 2019, passenger traffic declined 28.9%, compared with the 23.4% decline reported in May 2021 vs 2019.

Cargo Volume and Aircraft Movements

Cargo volume increased 67.5% YoY. When compared to June 2019, total cargo volume dropped 22.6%, mainly driven by declines of 21.0% in Argentina, 37.3% in Brazil and 31.0% in Ecuador.

Aircraft movements increased 172.4% YoY. When compared to June 2019, Aircraft movements declined 49.6%, mainly as a result of a 61.5% decline in Argentina.

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.

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Category: Operational Statistic

Source: Corporación América Airports S.A.

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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