LUXEMBOURG: Corporación América Airports S.A., the largest private sector airport operator in the world by number of airports, reported today a 98.1% decline year-over-year passenger traffic in May 2020.

Total passenger traffic in May 2020 dropped 98.1% YoY, primarily reflecting continued travel restrictions imposed by governments, aiming to contain the spread of the COVID-19 pandemic, together with lower passenger demand. International traffic declined by 98.5% YoY, while domestic traffic dropped 97.6% YoY. Air travel restrictions in Italy and Ecuador operations were lifted early June.

In Argentina, total passenger traffic decreased 99.0% YoY, as a result of prolonged measures implemented mid-March by the Government restricting both international and domestic flights to contain the breakout. International passenger traffic declined 98.0% with minimum levels due to repatriation flights, while domestic passenger traffic dropped 99.4% YoY.

In Italy, passenger traffic declined 99.8% YoY, with traffic at Florence airport down 100% YoY while passenger traffic at Pisa Airport was down 99.7% YoY.

In Brazil, total passenger traffic dropped 95.2% YoY, driven by decreases of 92.2% in domestic passenger traffic and 99.8% in international traffic. Passenger traffic declined 98.6% YoY in Uruguay, 97.5% in Ecuador and 96.8% in Armenia.

Cargo volume decreased 59.4% on May 2020, mainly due to declines of 57.4% in Argentina, 85.0% in Brazil and 70.0% in Ecuador.

Aircraft movements declined 86.9% YoY in May 2020, mainly attributed to declines of 88.8% in Argentina, 81.1% in Brazil, 95.3% in Italy and 78.5% in Ecuador. Aircraft movements also declined 86.0% in Uruguay, 84.8% in Armenia and 89.2% in Peru.

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.