Corporación América Airports S.A. Reports 5.5% YoY Increase in Total Passenger Traffic in February 2019

Passenger traffic up 7.9% YoY in Argentina and 2.8% in Brazil, further
supported by growth across most geographies

LUXEMBOURG–(BUSINESS WIRE)–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 preliminary year-over-year passenger
traffic growth of 5.5% in February 2019.

Passenger Traffic, Cargo Volume and Aircraft Movements
Highlights

       
Statistics                 Feb’19       Feb’18       % Var. YTD’19       YTD’18       % Var  
Domestic Passengers (thousands)                 3,584       3,264       9.8 % 7,590       6,925       9.6 %  
International Passengers (thousands)                 2,050       2,077       -1.3 % 4,371       4,440       -1.6 %  
Transit Passengers (thousands)                 745       708       5.3 % 1,614       1,605       0.5 %  
Total Passengers (thousands)                 6,380       6,049       5.5 % 13,575       12,970       4.7 %  
Cargo Volume (thousand tons)                 33.8       30.3       11.8 % 66.6       62.0       7.5 %  
Total Aircraft Movements (thousands)                 66.5       64.9       2.5 % 141.2       139.5       1.2 %  
 

Passenger Traffic Overview

Total passenger traffic in February 2019 increased 5.5% YoY,
primarily reflecting growth of 7.9% in Argentina, 2.8% in Brazil and
8.2% in Ecuador.

In Argentina, total passenger traffic increased 7.9% YoY, mainly driven
by 17.2% growth in domestic passengers, benefiting from the launch of
several new routes and addition to new airlines during 2018, together
with a mix-shift to domestic from international travel by local
passengers. This was partially offset by a decline of 5.4% in
international passengers, reflecting continued challenging macro
conditions. After a full year of operations, El Palomar Airport, our
facility servicing low-cost flights located in Greater Buenos Aires,
ranked 7th in terms of passenger traffic across our network.
Also driven by low-cost Airlines Norwegian and Flybondi, our Mendoza,
Córdoba and Iguazú airports posted increases in domestic traffic of
39.7%, 23.9% and 27.2%, respectively in February.

In Italy, passenger traffic rose 5.2%, driven by an increase of 5.2% in
Pisa Airport mainly related to the addition of frequencies by Ryanair
and flights by Pobeda to Moscow. In Florence Airport, passenger traffic
increased 5.3%, due to easier comps as last year traffic was impacted by
Air France pilots’ strike, together with the good performance of TAP’s
connection to Lisbon and the additional flights to Madrid by Iberia.

In Brazil, passenger traffic at Brasilia airport increased 3.5%, mainly
due to an increase of 2.1% in domestic traffic, offset by a decline in
international traffic mainly as a result of the change in methodology in
traffic count by ANAC. Based on the prior methodology, international
traffic would have increased 32.5% YoY at this airport. Domestic traffic
growth remained impacted by a reduction in less profitable routes and
frequencies by LATAM Airlines, and a decline of approximately 20% in
seat supply at Avianca Brasil. By contrast, Gol continues with its plan
to expand operations at Brasilia Airport, with new domestic flights to
be launched during the first half of the year. International traffic at
Brasilia Airport declined 10.2% impacted by the new methodology in
traffic count applied since June 2018 as discussed above. This more than
offset traffic growth resulting from the continued good performance of
routes to Miami and Orlando opened by Gol Airlines in November and the
addition of a new direct flight to Buenos Aires during December.

In Ecuador, passenger traffic increased 8.2%, with international
passenger traffic at Guayaquil Airport up 11.8%, mainly attributed to
the continued good performance of the Spirit Airlines flight to Fort
Lauderdale introduced in March 2018 and the increase in frequencies by
COPA Airlines.

Cargo Volume and Aircraft Movements

Cargo volume increased 11.8% in February 2019 mainly as a result
a 98.5% increase in Brazil, mainly related to an increase in exports,
offset by a decline of 7.9% in Argentina, related to the continued
challenging macroeconomic conditions.

Aircraft movements increased 2.5% in February 2019, mainly as a
result of increases of 4.5% in Argentina and 24.0% in Ecuador, partially
offset by a 6.4% decline in Brazil.

Summary Passenger Traffic, Cargo Volume and Aircraft Movements                          
                  Feb’19       Feb’18       % Var. YTD’19       YTD’18       % Var  
Passenger Traffic (thousands)                                                      
Argentina                 3,463       3,209       7.9 % 7,271       6,785       7.2 %  
Italy                 429       408       5.2 % 889       855       4.0 %  
Brazil                 1,521       1,479       2.8 % 3,387       3,332       1.6 %  
Uruguay                 211       220       -4.2 % 458       479       -4.4 %  
Ecuador                 342       316       8.2 % 695       646       7.6 %  
Armenia                 167       149       11.9 % 379       338       12.1 %  
Peru                 247       267       -7.6 % 496       535       -7.3 %  
TOTAL                 6,380       6,049       5.5 % 13,575       12,970       4.7 %  
                                       
 
Cargo Volume (tons)                                                      
Argentina                 17,067       18,530       -7.9 % 35,911       38,174       -5.9 %  
Italy                 990       842       17.5 % 2,017       1,728       16.7 %  
Brazil                 8,441       4,252       98.5 % 14,483       8,744       65.6 %  
Uruguay                 1,937       1,945       -0.4 % 3,846       3,964       -3.0 %  
Ecuador                 3,626       3,224       12.5 % 7,358       6,613       11.3 %  
Armenia                 1,368       1,117       22.5 % 2,227       2,009       10.8 %  
Peru                 418       371       12.5 % 787       759       3.8 %  
TOTAL                 33,846       30,281       11.8 % 66,629       61,990       7.5 %  
 
 
Aircraft Movements                                                      
Argentina                 36,403       34,845       4.5 % 76,543       74,030       3.4 %  
Italy                 4,302       4,068       5.8 % 8,946       8,601       4.0 %  
Brazil                 12,710       13,576       -6.4 % 27,380       29,329       -6.6 %  
Uruguay                 2,848       3,447       -17.4 % 6,789       7,982       -14.9 %  
Ecuador                 6,545       5,279       24.0 % 13,699       11,509       19.0 %  
Armenia                 1,552       1,425       8.9 % 3,500       3,164       10.6 %  
Peru                 2,174       2,279       -4.6 % 4,338       4,888       -11.3 %  
TOTAL                 66,534       64,919       2.5 % 141,195       139,503       1.2 %  
 
 

About Corporación América Airports

Corporación América Airports acquires, develops and operates airport
concessions. The Company is the largest private airport operator in the
world by the number of airports and the tenth largest based on passenger
traffic. Currently, the Company operates 52 airports in 7 countries
across Latin America and Europe (Argentina, Brazil, Uruguay, Peru,
Ecuador, Armenia and Italy). In 2018, Corporación América Airports
served 81.3 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.

Contacts

Investor Relations Contact
Gimena Albanesi
Email: gimena.albanesi@caairports.com
Phone:
+5411 4852-6411