Corporación América Airports S.A. Reports November 2025 Passenger Traffic
MWN-AI** Summary
Corporación América Airports S.A. (NYSE: CAAP) reported a robust increase in passenger traffic for November 2025, marking an 8.5% year-on-year (YoY) rise. In Argentina specifically, passenger traffic rose 7.4% YoY, with both domestic and international segments contributing positively.
The company, one of the leading private airport operators globally, saw domestic passenger traffic grow by 4.4%, driven primarily by operational improvements and high load factors over key domestic routes. International traffic performed even stronger, surging by 12.3%, supported by developments like Aerolíneas Argentinas resuming routes and increased flight frequencies from JetSMART and Flybondi.
In Italy, passenger traffic increased by 10.4%, with international travel, accounting for almost 80% of total traffic, climbing by 16.3%. Brazil also performed notably, with a 10.8% total traffic rise, bolstered by a resurgence in domestic flights.
Conversely, in Ecuador, passenger growth was more subdued at 2.7%, reflecting security concerns and high airfares, although domestic traffic rose modestly. In Armenia, traffic surged by 15.9%, reflecting the new airline routes being introduced.
Cargo volume showed a slight decline of 0.6% YoY, although Argentina's growth in cargo outpaced the overall downturn. Notably, aircraft movements increased by 5.0% YoY, demonstrating a resilient aviation environment across most countries where the company operates.
Overall, CAAP's strategic operational enhancements and expansion of flight services contributed significantly to its improved passenger numbers, underlining its position as a key player in the airport management sector, operating 52 airports across six countries.
MWN-AI** Analysis
Corporación América Airports S.A. (NYSE: CAAP) has demonstrated a robust rebound in passenger traffic, reporting an 8.5% increase year-on-year in November 2025. The performance, particularly strong in Argentina and internationally (12.3% growth), signals a healthy recovery in air travel following the pandemic disruptions. Given this context, investing in CAAP appears promising, especially as the company capitalizes on rising demand and operational enhancements.
The significant growth in passenger numbers, particularly in Argentina (which accounted for 50% of total growth), is particularly noteworthy. The company's strategic moves to increase flight frequencies and expand routes with partnerships involving various airlines like Delta and Copa are likely to sustain this momentum. However, ongoing security concerns in Ecuador and variable performance in Italy highlight potential risks that investors should monitor closely.
Despite a minor decline in cargo volume, with only Argentina showing growth, the overall increase in aircraft movements (5%) indicates improved operational throughput and efficiency. This growth suggests the company is effectively managing its resources to optimize airport operations, an essential aspect for profitability.
From a financial perspective, with CAAP currently undergoing a post-COVID recovery phase, it is essential to anticipate future profit growth as passenger traffic stabilizes. As such, the company might be well-positioned for expansion, particularly in regions demonstrating resilience and passenger volume growth.
Investors should consider CAAP's potential for long-term growth driven by a resurgence in travel demand. While short-term volatility tied to global aviation trends can pose risks, the overall trajectory in passenger traffic, especially in key markets, presents a compelling case for investment. A cautious approach is advised, with close attention to regional market performance and broader economic indicators as CAAP embarks on its growth strategy.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Total passenger traffic up 8.5% YoY, up 7.4% YoY in Argentina
International passenger traffic up 12.3% YoY; up 12.8% YoY in Argentina
Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”), one of the leading private airport operators in the world, reported today an 8.5% year-on-year (YoY) increase in passenger traffic in November 2025.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251217421878/en/
Monthly Passenger Traffic Performance (In million PAX)
Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2025 vs. 2024) | |||||||
Statistics | Nov'25 | Nov'24 | % Var. | YTD’25 | YTD'24 | % Var. | |
Domestic Passengers (thousands) | 3,824 | 3,663 | 4.4% | 40,512 | 37,224 | 8.8% | |
International Passengers (thousands) | 2,645 | 2,355 | 12.3% | 31,283 | 28,203 | 10.9% | |
Transit Passengers (thousands) | 669 | 558 | 19.8% | 7,342 | 6,588 | 11.4% | |
Total Passengers (thousands) 1 | 7,138 | 6,576 | 8.5% | 79,136 | 72,015 | 9.9% | |
Cargo Volume (thousand tons) | 39.7 | 40.0 | -0.6% | 365.6 | 358.6 | 2.0% | |
Total Aircraft Movements (thousands) | 72.0 | 68.6 | 5.0% | 799.6 | 750.4 | 6.6% |
1 Following the friendly termination process concluded in February 2024, CAAP no longer operates Natal airport. Statistics for Natal are available up to February 18, 2024. Excluding Natal for comparison purposes, total passenger traffic YTD was up 10.5%. |
Passenger Traffic Overview
Total passenger traffic increased by 8.5% in November compared to the same month in 2024. Domestic passenger traffic rose by 4.4% YoY, largely driven by Argentina, Brazil, and Ecuador. Meanwhile, international traffic grew by 12.3%, with all operating countries contributing positively on a YoY basis except Ecuador, including double-digit growth in Argentina, Armenia, Italy, and Brazil. Notably, Argentina accounted for 50% of the total YoY traffic growth in November.
In Argentina , total passenger traffic increased by 7.4% YoY, driven by strong performance across both the international and domestic segments. Domestic traffic grew by 3.6% YoY, supported by higher load factors exceeding 90% on most key domestic routes. In November, Aerolíneas Argentinas resumed its service to Río Cuarto, Córdoba, while JetSMART and Flybondi increased frequencies on their Buenos Aires–Resistencia and Buenos Aires–San Juan routes, respectively. International traffic also remained solid, rising 12.8% YoY, supported by several developments, including Arajet’s increase from 10 to 13 weekly flights during the summer season on its Buenos Aires–Punta Cana route. Additionally, Delta introduced a second frequency on the Atlanta–Buenos Aires route, to be operated during the 2025/2026 summer season, while Copa reached daily service on its Mendoza–Panama route, and LEVEL increased to 12 weekly flights on its Buenos Aires–Barcelona route.
In Italy , passenger traffic grew by 10.4% compared to the same month in 2024. International passenger traffic, which accounted for nearly 80% of total traffic, rose a strong 16.3% YoY, driven by double-digit growth at both Florence and Pisa airports. Domestic passenger traffic declined by 6.1% YoY, reflecting a decrease in aircraft movements, partly due to Airbus A320 technical issues that led to flight cancellations at some airlines.
In Brazil , total passenger traffic increased by 10.8% YoY, reflecting an improvement in traffic trends despite ongoing challenges in the aviation environment. Domestic traffic, which accounted for almost 60% of total traffic, rose by 8.1% YoY, while transit passengers increased by 14.4% YoY. Notably, although representing a small share of total traffic (5%), international traffic grew by 18.3% YoY.
In Uruguay , total passenger traffic, predominantly international, increased by 7.5% YoY. Among other developments, traffic in November benefited from the addition of two weekly frequencies by SKY Airlines on its Santiago de Chile route, while Punta del Este Airport anticipates a strong peak season, with GOL and Aerolíneas Argentinas increasing their services.
In Ecuador , where security concerns persist, passenger traffic increased by 2.7% YoY. International traffic declined by 1.4% YoY, while domestic traffic increased by 7.6% YoY. High airfares continued to weigh on travel demand.
In Armenia , passenger traffic increased by a strong 15.9% YoY, supported by the introduction of new airlines and routes, as well as increased flight frequencies. In October, Wizz Air launched a new base at Yerevan’s Zvartnots Airport, deploying two aircraft and adding eight new direct routes to Europe.
Cargo Volume and Aircraft Movements
Cargo volume decreased slightly by 0.6% YoY, with negative YoY contributions from all countries of operations, except for Argentina. Performance by country was as follows: Argentina (+9.4%), Brazil (-24.1%), Italy (-10.1%), Armenia (-9.3%), Uruguay (-4.5%), and Ecuador (-3.2%). Argentina, Brazil, and Armenia accounted for over 80% of total cargo volume in November.
Aircraft movements increased by 5.0% YoY, with positive contributions from all countries of operation, except Ecuador: Uruguay (+15.1%), Brazil (+9.5%), Armenia (+7.9%), Italy (+7.6%), Argentina (+3.8%), and Ecuador (-3.0%). Argentina, Brazil, and Ecuador accounted for more than 80% of total aircraft movements in November.
Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2025 vs. 2024)
Nov'25 | Nov'24 | % Var. | YTD'25 | YTD'24 | % Var. | ||
Passenger Traffic (thousands) | |||||||
Argentina | 4,075 | 3,793 | 7.4% | 43,040 | 38,051 | 13.1% | |
Italy | 612 | 554 | 10.4% | 9,190 | 8,473 | 8.5% | |
Brazil (1) | 1,444 | 1,303 | 10.8% | 15,187 | 14,210 | 6.9% | |
Uruguay | 190 | 176 | 7.5% | 2,094 | 2,041 | 2.6% | |
Ecuador | 391 | 381 | 2.7% | 4,317 | 4,294 | 0.5% | |
Armenia | 427 | 368 | 15.9% | 5,308 | 4,946 | 7.3% | |
TOTAL | 7,138 | 6,576 | 8.5% | 79,136 | 72,015 | 9.9% |
(1) | Following the friendly termination process concluded in February 2024, CAAP no longer operates Natal airport. Statistics for Natal are available up to February 18, 2024. Excluding Natal for comparison purposes, total passenger traffic YTD was up 10.5% for CAAP and 9.7% for Brazil. |
Cargo Volume (tons) | |||||||
Argentina | 23,704 | 21,667 | 9.4% | 194,430 | 186,287 | 4.4% | |
Italy | 1,051 | 1,170 | -10.1% | 11,639 | 11,896 | -2.2% | |
Brazil | 4,653 | 6,130 | -24.1% | 56,655 | 59,963 | -5.5% | |
Uruguay | 3,122 | 3,269 | -4.5% | 32,248 | 29,241 | 10.3% | |
Ecuador | 3,032 | 3,131 | -3.2% | 32,570 | 34,024 | -4.3% | |
Armenia | 4,183 | 4,611 | -9.3% | 38,102 | 37,185 | 2.5% | |
TOTAL | 39,745 | 39,977 | -0.6% | 365,643 | 358,596 | 2.0% | |
Aircraft Movements | |||||||
Argentina | 41,373 | 39,873 | 3.8% | 437,724 | 407,025 | 7.5% | |
Italy | 5,554 | 5,161 | 7.6% | 83,203 | 77,074 | 8.0% | |
Brazil | 12,585 | 11,490 | 9.5% | 137,768 | 131,326 | 4.9% | |
Uruguay | 3,092 | 2,687 | 15.1% | 30,023 | 28,878 | 4.0% | |
Ecuador | 6,193 | 6,387 | -3.0% | 71,440 | 69,627 | 2.6% | |
Armenia | 3,219 | 2,984 | 7.9% | 39,435 | 36,446 | 8.2% | |
TOTAL | 72,016 | 68,582 | 5.0% | 799,593 | 750,376 | 6.6% |
About Corporación América Airports
Corporación América Airports acquires, develops and operates airport concessions. Currently, the Company operates 52 airports in 6 countries across Latin America and Europe (Argentina, Brazil, Uruguay, Ecuador, Armenia and Italy). In 2024, Corporación América Airports served 79.0 million passengers, 2.7% (or 0.4% excluding Natal) below the 81.1 million passengers served in 2023, and 6.2% below the 84.2 million served in 2019. 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 .
View source version on businesswire.com: https://www.businesswire.com/news/home/20251217421878/en/
Investor Relations Contact
Patricio Iñaki Esnaola
Email: patricio.esnaola@caairports.com
Phone: +5411 4899-6716
FAQ**
How does Corporacion América Airports S.A. (CAAP) plan to sustain its 8.5% YoY passenger traffic growth amid increasing competition and changing market dynamics in the Latin American aviation sector?
What specific strategies is Corporacion América Airports S.A. (CAAP) implementing to enhance its international traffic, particularly in Argentina, which showed a 12.8% increase YoY?
In light of the reported 0.6% decline in cargo volume across its operations, what measures is Corporacion América Airports S.A. (CAAP) taking to address this and boost cargo performance moving forward?
Given the recent performance in aircraft movements, how does Corporacion América Airports S.A. (CAAP) plan to optimize its operations to further increase efficiency and support future growth in passenger volume?
**MWN-AI FAQ is based on asking OpenAI questions about Corporacion America Airports SA (NYSE: CAAP).
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