Market Overview

AA2000 Reports a 25.5% Increase in Revenues During 2017

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Corporación América Airports S.A. (NYSE:CAAP) ("the Company" or "CAAP")
announced today that its subsidiary Aeropuertos Argentina 2000 S.A.
("AA2000") has filed its financial statements with the Comision Nacional
de Valores (CNV) in Argentina. Results for the year 2017 for AA2000 are:

Traffic   35.9 million Passengers   + 14.2 % increase YoY
Movements   404,181   +7.8% increase YoY
Cargo volume   230,276 Tn   +10.1% increase YoY
Aeronautical Revenue   AR$ 7,053 million   + 1,676 million YoY, or 31% increase
Non-aeronautical Revenue   AR$ 5,621 million   + 896 million YoY, or 19% increase
Total Revenue   AR$ 12,674 million   25.5% increase

Passenger traffic growth during 2017 resulted from an increase in
traffic in existing routes and from opening of new domestic and
international routes.

Operating at Ezeiza airport, Level started five weekly flights to
Barcelona, Azul launched 14 weekly flights to a number of Brazilian
destinations and United opened a daily frequency to New York. Also,
operating at Aeroparque airport, Amaszonas started 40 weekly flights to
neighboring countries Paraguay and Uruguay, and Avianca added more than
30 flights to Florianópolis, in Brazil, and domestic destinations Mar
del Plata and Rosario, in Argentina.

In addition, there was increased activity at airports located in
different provinces of Argentina. For instance, Córdoba airport, in the
centre of the country, became an increasingly relevant domestic hub,
incorporating two new airlines during 2017: Air Europa and Amaszonas.
This airport also added more flights to many of its already established
domestic routes. Furthermore, operating from Mendoza airport, Copa
inaugurated new flights to Chile, Brazil and Peru, operated by
associated airlines Sky, Gol and Latam, respectively. Top domestic
carries Aerolíneas Argentinas and Latam also added new flights to many
of their existing domestic routes, consequently increasing connectivity
throughout the country.

After 20 years of operations in Argentina, the increase of 14.2%, or
35.9 million passengers, in passenger traffic in 2017 represents a
historical record for the company. This historical increase in passenger
traffic resulted in an increase of AA2000's revenues.

During 2017, AA2000 continued with its plan to develop infrastructure at
Ezeiza, Aeroparque, Cordoba, Comodoro Rivadavia and Tucuman airports.

Another relevant event in 2017 was the incorporation of the El Palomar
Airport as part of the AA2000 concession, becoming the 34th
airport in the concession and the first one to be added by the Argentine
Government since 1998.

Traffic growth and the increase in revenues in 2017 have been influenced
by favorable macroeconomic conditions in the Argentine economy and the
implementation of new policies introduced by the Argentine Government in
the aeronautical sector.

About Corporación América Airports S.A.

Corporación América Airports S.A. acquires, develops and operates
airport concessions. The Company is the largest private sector airport
operator in the world based on the number of airports under management
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 2016,
it served 71.8 million passengers.

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