Total passenger traffic improved sequentially and declined 60% when compared to July 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 459.3% YoY increase in passenger traffic in July 2021, and a 60.4% decline when compared to the same period of 2019.

Passenger Traffic Overview

Total passenger traffic in July 2021 grew 4.6x YoY compared to the same period of last year, reflecting easier comparisons as July 2020 was highly impacted by the restrictions and travel bans to contain the COVID-19 pandemic. When compared to 2019, overall passenger traffic declined 60.4%, impacted by the COVID-19 pandemic across all countries of operations. However, this was a sequential improvement from the 68.7% decline reported in June 2021 versus June 2019. International and domestic passenger traffic dropped 69.5% and 57.8%, respectively, from pre-pandemic levels of July 2019.

In Argentina, total passenger traffic increased 42.3x YoY. Against July 2019, overall passenger traffic declined 79.0%, with international passenger traffic declining 93.8%, impacted by tightened government restrictions to international flights, including a limit of 1,000 arriving international passengers per day starting the first week of July, while borders remain closed to non-resident foreigners, with limited exceptions. Following the acceleration in the pace of vaccination, this daily limit was recently relaxed to 1,700 international arriving passengers. Domestic passenger traffic, which has currently no restrictions, declined 72.6% compared to 2019, due to low passenger demand, but more than doubled sequentially compared to June.

In Italy, passenger traffic grew 115.8% YoY. Passenger traffic against July 2019 declined 55.3%, recovering sequentially from the 74.9% drop in June. Both international and domestic passenger traffic continued to improve sequentially, decreasing 64.3% and 15.7%, respectively, in July 2021 against July 2019, recovering from the respective declines of 83.2% and 40.0% %, in June. Domestic travel benefited mainly from the start of the summer season in the region.

In Brazil, total passenger traffic was up 3.0x YoY. Compared to the same month in 2019, overall passenger traffic declined 33.6%, showing a continued improvement from the declines of 39.3% and 50.8% posted in June and May 2021, respectively, reflecting better sanitary conditions in the country and increased passenger demand.

Total passenger traffic in Uruguay increased 6.0x YoY, but declined 79.0% when compared to July 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. The government has recently announced that starting November 1 borders will re-open to foreigners presenting a full vaccination certificate and a negative Covid test.

In Ecuador, passenger traffic increased 5.5x YoY. When compared to 2019, total traffic declined 41.4%, showing a sequential improvement from the 45.9% drop in June 2021. International passenger traffic dropped 26.5%, recovering sequentially from the 28.9% drop in June 2021 against 2019, while domestic passenger traffic declined 54.3% against July 2019, also showing a sequential recovery versus the 60.2% decline posted in June.

In Armenia, total passenger traffic increased 15.8x YoY. Compared to July 2019, passenger traffic declined 19.1%, compared with the 28.9% decline reported in June 2021, versus June 2019. Passenger traffic benefited from increased demand coupled with travel bans in countries where Armenia competes for tourism.

Cargo Volume and Aircraft Movements

Cargo volume increased 66.4% YoY. When compared to July 2019, total cargo volume dropped 22.1%, mainly driven by declines of 21.5% in Argentina and 41.6% in Brazil.

Aircraft movements increased 165.7% YoY. When compared to July 2019, Aircraft movements declined 42.1%, mainly as a result of a 55.8% 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

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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