Market Overview

Corporación América Airports S.A. Reports 5.8% YoY Increase in Total Passenger Traffic in June 2018

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Passenger traffic in Argentina up 2.0% YoY while Brazil continues to
recover with traffic up 11.1% YoY, further supported by growth across
most countries of operations

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 5.8% in June 2018.

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights            
Statistics   Jun'18   Jun'17   % Var.   YTD'18   YTD'17   % Var
Domestic Passengers (thousands)   3,396   3,064   10.8%   20,936   19,466   7.6%
International Passengers (thousands)   2,209   2,212   -0.2%   13,587   12,912   5.2%
Transit Passengers (thousands)   660   643   2.6%   4,300   3,738   15.0%
Total Passengers (thousands)   6,265   5,920   5.8%   38,823   36,116   7.5%
Cargo Volume (thousand tons)   30.6   29.2   4.7%   196.8   175.1   12.3%
Total Aircraft Movements (thousands)   71.4   68.2   4.8%   428.9   409.6   4.7%

Passenger Traffic Overview

Total passenger traffic in June 2018 increased by 5.8% compared
to the same period of 2017, primarily reflecting growth of 11.1% in
Brazil, 2.0% in Argentina and 4.2% in Italy.

In Brazil, passenger traffic at Brasilia Airport continued to recover
increasing by 12.0% in June 2018, mainly due to 16.8% growth in domestic
passengers. This increase was driven by additional frequencies in
existing routes to several domestic destinations by Gol, Latam and Azul
which increased their weekly flights by 13%, 8% and 18%, respectively.

In Argentina, domestic traffic increased 9% YoY, partially offset by
declines of 7% and 14% in international and transit passengers,
respectively reflecting the initial impact of the currency depreciation
and more challenging macro conditions. Additional routes and flights to
existing destinations were added in Argentina during the last twelve
months. Aerolineas Argentinas added new frequencies to Madrid, Punta
Cana, Río de Janeiro and São Pablo. Copa Airlines also increased its
monthly frequencies from both Aeroparque and Ezeiza to Panama, Latam
added frequencies to São Pablo. Low-cost carriers continued to expand
operations during this period. LEVEL began flying from Ezeiza to
Barcelona, Gol added new frequencies to São Pablo and Recife, and Azul
Linhas Aereas added frequencies to Belo Horizonte.

In addition, low-cost carrier Fly Bondi, flying out of El Palomar
Airport, continued to increase connectivity throughout Argentina by
adding flights to Salta Airport, and by increasing the overall number of
frequencies it offers across the country.

The Company's Italian airports reported a 4.2% YoY increase in traffic,
mainly due to the opening of new international and domestic flights, and
the addition of new frequencies, that are taking place during the
Italian summer season. Operating at Pisa Airport, Pobeda opened a new
route to St. Petersburg and added frequencies to Moscow. In addition,
Ryanair expanded its Pisa Airport network and added frequencies to both
domestic and international destinations. Moreover, TAP opened a new
international route to Portugal (Lisbon) operated from Florence Airport.

Passenger traffic in Uruguay declined 4.2% compared to June 2017 mainly
as a result of the devaluation of the Real against the US Dollar and to
a lower degree as a result of the devaluation of the Argentinean Peso
against the US Dollar, which resulted in a decrease in Brazilian and
Argentinean passengers, respectively.

Cargo Volume and Aircraft Movements

Cargo volume was up 4.7% in June 2018. Growth was
primarily driven by Brazil which posted a 30.2% YoY increase, followed
by a 36.7% increase in Ecuador, both as a result of improved economic
conditions.

Aircraft movements increased by 4.8% in June 2018 mainly driven
by Argentina, up 7.3% during the period, followed by Peru and Brazil,
with an increase of 15.2% and 2.2% respectively.

Summary Passenger Traffic, Cargo Volume and Aircraft Movements            
    Jun'18   Jun'17   % Var.   YTD'18 YTD'17 % Var.
Passenger Traffic (thousands)            
Argentina   2,726   2,672   2.0%   19,074   17,499   9.0%
Italy   855   821   4.2%   3,757   3,653   2.8%
Brazil   1,642   1,478   11.1%   9,822   9,288   5.7%
Uruguay   154   161   -4.2%   1,195   1,150   3.9%
Ecuador   358   326   9.6%   2,131   2,035   4.7%
Armenia   251   219   14.8%   1,206   1,091   10.5%
Peru   278   242   14.7%   1,639   1,400   17.1%
TOTAL   6,265   5,920   5.8%   38,823   36,116   7.5%
 
Cargo Volume (tons)                    
Argentina   16,133   17,045   -5.4%   117,042   99,987   17.1%
Italy   1,188   939   26.5%   5,686   5,404   5.2%
Brazil   5,731   4,403   30.2%   29,781   25,861   15.2%
Uruguay   2,226   2,321   -4.1%   13,551   13,567   -0.1%
Ecuador   3,494   2,555   36.7%   20,533   17,152   19.7%
Armenia   1,440   1,591   -9.5%   7,799   10,863   -28.2%
Peru   402   381   5.6%   2,358   2,308   2.2%
TOTAL   30,614   29,235   4.7%   196,750   175,141   12.3%
 
Aircraft Movements                    
Argentina   34,566   32,204   7.3%   219,337   203,024   8.0%
Italy   7,988   7,911   1.0%   35,930   36,489   -1.5%
Brazil   15,189   14,861   2.2%   91,156   89,693   1.6%
Uruguay   2,171   2,284   -4.9%   18,070   17,540   3.0%
Ecuador   6,662   6,639   0.3%   38,040   39,939   -4.8%
Armenia   2,045   1,846   10.8%   10,951   9,838   11.3%
Peru   2,779   2,413   15.2%   15,442   13,083   18.0%
TOTAL   71,400   68,158   4.8%   428,926   409,606   4.7%

To obtain the full text of this press release, please click on the
following link: http://investors.corporacionamericaairports.com

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 2017, Corporación América Airports
served 76.6 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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