Corporación América Airports S.A. Reports September 2025 Passenger Traffic
MWN-AI** Summary
Corporación América Airports S.A. (NYSE: CAAP) announced a notable 9.4% year-on-year increase in passenger traffic for September 2025, reflecting robust recovery trends across its operations. The company reported approximately 7.4 million total passengers, with Argentina leading the surge with a remarkable 13.3% increase, thanks to strong performances in both domestic (up 12.1%) and international travel (up 15.9%). Notably, Argentina contributed over 79% of the overall traffic growth, with key routes such as Buenos Aires–Madrid experiencing six daily flights and high load factors.
International passenger traffic also rose by 8.0% overall, bolstered particularly by Argentina and Italy’s strong showings, while Brazil posted a 9.0% increase despite facing industry challenges. In contrast, Uruguay and Ecuador showed declines in passenger traffic due to operational constraints and external factors affecting demand.
Cargo volume dropped significantly by 53.1% year-on-year, reflecting disruptions and ongoing reviews in Argentina’s cargo management system, while aircraft movements saw a positive 7.0% increase, signaling operational expansion.
Armenia also displayed commendable growth, benefitting from new airline routes, with Wizz Air establishing a base at Yerevan’s Zvartnots Airport. Despite emerging challenges, such as high airfares in Ecuador and operational closures impacting Uruguay, the overall performance indicates a solid recovery trajectory. The company continues to adapt and optimize operations across its 52 airports in six countries, positioning itself for sustained growth.
For more details, please visit [Corporación América Airports Investor Relations](http://investors.corporacionamericaairports.com).
MWN-AI** Analysis
As of September 2025, Corporación América Airports S.A. (NYSE: CAAP) has reported a robust 9.4% year-on-year increase in passenger traffic, with Argentina showing an impressive 13.3% growth. This positive performance, particularly in domestic and international traffic within Argentina, signals a substantial recovery and expansion phase for CAAP following the pandemic.
Investors should take note of several key trends. First, the domestic travel segment in Argentina saw a remarkable upswing, reflecting not only pent-up demand but also enhancements in route offerings, particularly on international routes like Buenos Aires to Madrid, which benefited from high load factors. This indicates a resilient consumer sentiment towards air travel, supporting revenue growth in the near term.
Moreover, the expansion of flight services by Copa Airlines and LATAM, alongside Ryanair in Italy, suggests a competitive advantage for CAAP in optimizing operational capacity. These developments could lead to further market share gains, particularly in Argentina, where the majority of YoY growth was concentrated.
However, challenges persist, especially in Uruguay and Ecuador, where passenger traffic has contracted. Investors should be aware of the regulatory and operational hurdles these nations face, including airline route reductions and security concerns. The ongoing adjustment of cargo operations in Argentina, post-implementation of a new management system, also points to potential short-term disruption. Cargo volumes significantly dropped, affecting overall revenues.
From a valuation perspective, CAAP’s stock could appear attractive given its growth trajectory, although investors should monitor macroeconomic factors and sector-specific challenges. Analysts may consider a cautious buy recommendation, factoring in the cyclical recovery of the airline industry and potential regional variances.
To sum up, while the September figures are promising and exhibit a recovery narrative, a prudent approach is warranted, considering external factors, competitive dynamics, and internal adjustments that may influence long-term performance.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Total passenger traffic up 9.4% YoY, up 13.3% YoY in Argentina
International passenger traffic up 8.0% YoY; up 15.9% 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 a 9.4% year-on-year (YoY) increase in passenger traffic in September 2025.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251023704172/en/
Monthly Passenger Traffic Performance (In million PAX)
Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2025 vs. 2024) | |||||||
Statistics | Sep'25 | Sep'24 | % Var. | YTD’25 | YTD'24 | % Var. | |
Domestic Passengers (thousands) | 3,743 | 3,376 | 10.9% | 32,763 | 29,965 | 9.3% | |
International Passengers (thousands) | 2,971 | 2,752 | 8.0% | 25,643 | 23,164 | 10.7% | |
Transit Passengers (thousands) | 710 | 659 | 7.7% | 5,963 | 5,384 | 10.7% | |
Total Passengers (thousands) 1 | 7,424 | 6,787 | 9.4% | 64,369 | 58,513 | 10.0% | |
Cargo Volume (thousand tons) 2 | 15.9 | 33.9 | -53.1% | 269.9 | 279.8 | -3.5% | |
Total Aircraft Movements (thousands) | 74.2 | 69.3 | 7.0% | 651.0 | 610.1 | 6.7% | |
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 10.7%. | |||||||
2 In Argentina, following the implementation of a new management system in the cargo business, tons of cargo remain under review. The Company is monitoring adjustments in inventory, data consolidation processes, and operational validation, among other areas. This review aims to ensure consistency across reporting systems and to accurately reflect actual activity during the reporting period | |||||||
Passenger Traffic Overview
Total passenger traffic increased by 9.4% in September compared to the same month in 2024. Domestic passenger traffic rose by 10.9% year over year (YoY), largely driven by Argentina, along with strong performance in Brazil. Meanwhile, international traffic grew by 8.0%, with all operating countries contributing positively YoY—except Uruguay and Ecuador—and particularly strong results in Argentina and Italy. Notably, Argentina accounted for more than 79% of the total YoY traffic growth in September.
In Argentina , total passenger traffic increased by 13.3% YoY, driven by double-digit growth in both international and domestic segments. Domestic traffic maintained its strong performance, rising 12.1% YoY, while international traffic also remained solid, increasing 15.9% YoY, supported by particularly strong results on the Buenos Aires–Madrid route, which operated six daily flights with load factors above 96%. Copa Airlines has resumed operations to Salta, a route that had been suspended since the pandemic. The airline will operate three weekly flights using its Boeing 737 aircraft. In addition, Copa has launched a new service between Tucumán and Panama City, which will also operate three times per week with Boeing 737-800 aircraft. LATAM Airlines has launched operations on the Buenos Aires–Porto Alegre route, operating three weekly flights.
In Italy , passenger traffic grew by 7.0% compared to the same month in 2024, mainly supported by an increase in flight frequencies by Ryanair. International passenger traffic, which accounted for over 80% of total traffic, rose by 8.4% YoY, driven by a 16.2% increase at Florence Airport and a 3.1% increase at Pisa Airport. Domestic passenger traffic grew by 1.8% YoY, supported by a strong performance at Pisa Airport (+8.3%) due to the increase in Ryanair’s flight frequencies, partially offset by a 14.2% decline at Florence Airport.
In Brazil , total passenger traffic increased by 9.0% 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 a strong 12.8% YoY, while transit passengers increased by 4.0% YoY. Notably, although representing a small share of total traffic (5%), international traffic grew by 8.7% YoY.
In Uruguay , total passenger traffic, predominantly international, declined by 4.1% YoY. The year-over-year comparison was affected by JetSMART’s removal of the Montevideo–Buenos Aires route in the second half of 2024. In addition, traffic in September was impacted by a two-day scheduled closure of operations due to the installation of the new Category IIIb Precision Instrument Landing System (ILS CAT IIIb) on the main runway.
In Ecuador , where security concerns persist, passenger traffic decreased 5.3% YoY. International traffic declined 6.4% YoY, while domestic traffic fell 3.0% YoY, partly due to high airfares, which continued to weigh on travel demand. Notably, traffic in Ecuador during September was also affected by runway repaving work, which required operations to be suspended for two days; these closures were scheduled and announced in advance.
In Armenia , passenger traffic increased by 4.8% YoY. Travel demand has benefited from the introduction of new airlines and routes, as well as increased flight frequencies. Wizz Air recently announced the opening of a new base at Yerevan’s Zvartnots Airport, with two aircraft and eight new direct routes to Europe.
Cargo Volume and Aircraft Movements
Cargo volume decreased YoY in all countries of operation, except Ecuador. Performance by country was as follows: Armenia (-8.3%), Uruguay (-5.7%), Italy (-2.4%), Brazil (-1.7%), and Ecuador (+6.0%). In Argentina, following the implementation of a new management system in the cargo business, tons of cargo remain under review. The Company is monitoring adjustments in inventory, data consolidation processes, and operational validation, among other areas. This review aims to ensure consistency across reporting systems and to accurately reflect actual activity during the reporting period.
Aircraft movements increased by 7.0% YoY, with positive contributions from all countries of operation, except Uruguay and Ecuador: Armenia (+5.0%), Argentina (+9.3%), Italy (+9.0%), Brazil (+7.8%), Ecuador (-4.5%), and Uruguay (-6.2%). Argentina, Brazil, and Italy accounted for more than 80% of total aircraft movements in September.
Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2025 vs. 2024)
Sep'25 | Sep'24 | % Var. | YTD'25 | YTD'24 | % Var. | ||
Passenger Traffic (thousands) | |||||||
Argentina | 3,872 | 3,419 | 13.3% | 34,935 | 30,645 | 14.0% | |
Italy | 993 | 928 | 7.0% | 7,647 | 7,046 | 8.5% | |
Brazil (1) | 1,466 | 1,345 | 9.0% | 12,210 | 11,510 | 6.1% | |
Uruguay | 184 | 191 | -4.1% | 1,708 | 1,681 | 1.6% | |
Ecuador | 357 | 377 | -5.3% | 3,534 | 3,526 | 0.2% | |
Armenia | 553 | 527 | 4.8% | 4,336 | 4,104 | 5.6% | |
TOTAL | 7,424 | 6,787 | 9.4% | 64,369 | 58,513 | 10.0% | |
(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 10.7% for CAAP and 9.6% for Brazil. | |||||||
Cargo Volume (tons) | |||||||
Argentina 2 | 459 | 17,966 | -97.4% | 132,759 | 144,149 | -7.9% | |
Italy | 1,048 | 1,075 | -2.4% | 9,399 | 9,431 | -0.3% | |
Brazil | 5,285 | 5,376 | -1.7% | 46,462 | 47,360 | -1.9% | |
Uruguay | 2,731 | 2,897 | -5.7% | 25,590 | 23,010 | 11.2% | |
Ecuador | 2,566 | 2,420 | 6.0% | 26,601 | 27,781 | -4.2% | |
Armenia | 3,813 | 4,158 | -8.3% | 29,084 | 28,070 | 3.6% | |
TOTAL | 15,902 | 33,892 | -53.1% | 269,894 | 279,801 | -3.5% | |
2 In Argentina, following the implementation of a new management system in the cargo business, tons of cargo remain under review. The Company is monitoring adjustments in inventory, data consolidation processes, and operational validation, among other areas. This review aims to ensure consistency across reporting systems and to accurately reflect actual activity during the reporting period Aircraft Movements | |||||||
Argentina | 39,955 | 36,559 | 9.3% | 355,266 | 328,205 | 8.2% | |
Italy | 8,907 | 8,175 | 9.0% | 68,971 | 64,013 | 7.7% | |
Brazil | 13,317 | 12,348 | 7.8% | 111,722 | 107,362 | 4.1% | |
Uruguay | 2,289 | 2,441 | -6.2% | 24,287 | 23,559 | 3.1% | |
Ecuador | 5,689 | 5,957 | -4.5% | 58,361 | 56,920 | 2.5% | |
Armenia | 3,995 | 3,805 | 5.0% | 32,365 | 30,070 | 7.6% | |
TOTAL | 74,152 | 69,285 | 7.0% | 650,972 | 610,129 | 6.7% | |
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/20251023704172/en/
Investor Relations Contact
Patricio Iñaki Esnaola
Email: patricio.esnaola@caairports.com
Phone: +5411 4899-6716
FAQ**
How does Corporacion America Airports SA CAAP plan to address the substantial decrease in cargo volume, which reported a -53.YoY decline in September 2025, and what steps are they taking to improve this segment?
With Argentina accounting for over 79% of total YoY traffic growth in September, how does Corporacion America Airports SA CAAP plan to diversify traffic sources in other regions to reduce dependency on Argentine performance?
What strategies is Corporacion America Airports SA CAAP implementing to enhance international passenger traffic, which only grew by 8.0% YoY in September, especially given the robust domestic growth?
Given the ongoing challenges faced by Uruguay and Ecuador, what contingency measures is Corporacion America Airports SA CAAP considering to mitigate the risks of declining traffic and maintain operational stability in these markets?
**MWN-AI FAQ is based on asking OpenAI questions about Corporacion America Airports SA (NYSE: CAAP).
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