Corporación América Airports S.A. Reports December 2025 Passenger Traffic
MWN-AI** Summary
Corporación América Airports S.A. (NYSE: CAAP) reported robust growth in passenger traffic for December 2025, with an 8.5% year-on-year (YoY) increase, culminating in a full-year growth of 9.8%. December's international passenger traffic surged by 12.1%, contributing significantly to the positive trend. The company achieved all-time annual passenger traffic records across multiple countries, including Argentina, Italy, Uruguay, and Armenia.
In December, total passenger numbers reached approximately 7.56 million, up from 6.97 million in December 2024. The increase was primarily driven by domestic traffic, which rose 5.9%, supported by strong performance in Argentina and Brazil. Notably, Argentina alone accounted for over 50% of the total YoY traffic growth, with domestic and international passenger traffic increasing by 4.3% and 15.9%, respectively.
Italy followed with a passenger traffic increase of 7.7%, while Brazil reported an impressive growth of 15.7%. Uruguay posted modest growth of 1.2%, marking an annual record. Despite slight declines in Ecuador, where domestic traffic decreased, Armenia saw a significant upturn with a 10.1% increase.
Cargo volumes, however, declined 4.0% YoY, with mixed results across regions. The report also highlighted aircraft movements, which grew by 4.8%, reflecting a recovering aviation environment.
Overall, CAAP's performance demonstrated resilience and growth, showcasing strong recovery patterns post-pandemic, particularly in the Latin American and European markets. As the company continues to expand its operations, emphasis on enhancing passenger experience and operational efficiency remains key to sustaining growth. For more information, visit their official investor relations site.
MWN-AI** Analysis
As we analyze Corporación América Airports S.A. (NYSE: CAAP) following the release of their December 2025 passenger traffic report, it is essential to consider both the strong growth metrics and the underlying challenges that could impact future performance. The company has achieved an impressive 8.5% year-on-year increase in passenger traffic for December 2025, along with a significant 9.8% increase for the entire year. Notably, international traffic surged by 12.1% in December, indicating robust demand, particularly from key markets such as Argentina, Italy, and Brazil.
The performance highlights the company's operational success and recovery in the aviation sector, especially in international travel. The growth trend across all operating countries and the all-time annual records established in Argentina, Italy, Uruguay, and Armenia underscore a strong market positioning. Investors should pay close attention to Argentina's contribution, which drove over 50% of total year-on-year traffic growth, thanks to new routes and increased flight capacity.
However, caution is warranted as cargo volume saw a decrease of 4.0% year-on-year, reflecting potential vulnerabilities in the logistical segment of the business. Additionally, it is essential to monitor external factors such as geopolitical events, economic instability in certain regions, or rising operational costs that could pressurize profit margins.
From a trading perspective, shares of CAAP may be viewed favorably on the back of positive passenger growth figures, suggesting continued recovery and expansion in travel demand. Investors should consider a price target adjustment reflective of the positive traffic trends, while also factoring in potential headwinds from cargo performance and operational challenges. A balanced investment approach, maintaining some position while positioning for market volatility, would be prudent as CAAP navigates through evolving economic conditions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Total passenger traffic up 8.5% YoY in December, up 9.8% YoY in 2025
International passenger traffic up 12.1% YoY in December; up 11.0% YoY in 2025
All-time annual PAX records in Argentina, Italy, Uruguay and Armenia
Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”), one of the world’s leading private airport operators, reported today an 8.5% year-on-year (YoY) increase in passenger traffic in December 2025 and a 9.8% YoY increase for full-year 2025.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260119267874/en/
Monthly Passenger Traffic Performance (In million PAX)
Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2025 vs. 2024) | |||||||||
Statistics | Dec'25 | Dec'24 | % Var. | 2025 | 2024 | % Var. | |||
Domestic Passengers (thousands) | 3,995 | 3,772 | 5.9% | 44,507 | 40,996 | 8.6% | |||
International Passengers (thousands) | 2,864 | 2,554 | 12.1% | 34,147 | 30,758 | 11.0% | |||
Transit Passengers (thousands) | 700 | 639 | 9.6% | 8,042 | 7,227 | 11.3% | |||
Total Passengers (thousands) 1 | 7,560 | 6,965 | 8.5% | 86,696 | 78,981 | 9.8% | |||
Cargo Volume (thousand tons) | 37.9 | 39.5 | -4.0% | 403.5 | 398.0 | 1.4% | |||
Total Aircraft Movements (thousands) | 76.8 | 73.3 | 4.8% | 876.4 | 823.7 | 6.4% | |||
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 in 2025 was up 10.3%. |
Passenger Traffic Overview
Total passenger traffic increased by 8.5% in December compared to the same month in 2024. Domestic passenger traffic rose by 5.9% YoY, largely driven by Argentina and Brazil. Meanwhile, international traffic grew by 12.1%, with all operating countries contributing positively on a YoY basis, including double-digit growth in Argentina, Italy, and Brazil. Notably, Argentina accounted for over 50% of the total YoY traffic growth in December.
In Argentina , total passenger traffic increased by 7.4% YoY in December, marking an all-time annual record in 2025 . This result was driven by strong performance across both the international and domestic segments. Domestic traffic grew 4.3% YoY, supported by higher load factors, which exceeded 90% on most key domestic routes. In December, Flybondi began operating the Córdoba–El Calafate, Córdoba–Ushuaia, and Córdoba–Iguazú routes for the summer season. International traffic also remained solid, rising 15.9% YoY, supported by several developments, including China Eastern’s new Buenos Aires–Shanghai route, with two weekly frequencies. Arajet and GOL inaugurated the Córdoba–Punta Cana and Aeroparque–Punta del Este routes, respectively, while Flybondi launched the Córdoba–Rio de Janeiro, Buenos Aires–Salvador de Bahia, and Buenos Aires–Maceió routes for the summer season. Also in December, LATAM resumed its Buenos Aires–Miami route, while ITA Airways increased its frequencies for the summer season.
In Italy , passenger traffic grew by 7.7% compared to the same month in 2024, marking an all-time annual record in 2025 . International passenger traffic, which accounted for nearly 80% of total traffic, increased by 12.0% YoY, driven by double-digit growth at both Florence and Pisa airports. Domestic passenger traffic declined by 4.3% 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 a strong 15.7% YoY, reflecting improved traffic trends despite ongoing challenges in the aviation environment. Domestic traffic, which accounted for almost 60% of total traffic, rose 15.3% YoY, while transit passengers increased 16.2% YoY. International traffic, although representing a small share of total traffic (5%), grew 17.1% YoY. In December, GOL operated additional seasonal frequencies on its Brasília–Miami and Brasília–Orlando routes, among other developments.
In Uruguay , total passenger traffic, predominantly international, increased 1.2% YoY, marking an all-time annual record in 2025 . Among other developments, GOL introduced a new route between Montevideo and Fortaleza and resumed its São Paulo–Punta del Este and Buenos Aires–Punta del Este routes for the summer season. Also for the summer season, Aerolíneas Argentinas increased frequencies on its Buenos Aires–Punta del Este route and introduced a new route between Córdoba and Punta del Este. Finally, on the domestic front, Paranair began operating the Montevideo–Rivera route.
In Ecuador , where security concerns persist, passenger traffic decreased slightly by 0.6% YoY. International traffic increased by 1.2% YoY, while domestic traffic declined by 1.2% YoY. High airfares continued to weigh on travel demand.
In Armenia , passenger traffic increased by 10.1% YoY, marking an all-time annual record in 2025. This result was 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 by 4.0% YoY, with negative YoY contributions from all countries of operations, except for Uruguay. Performance by country was as follows: Uruguay (+6.7%), Italy (-19.6%), Armenia (-7.7%), Argentina (-5.1%), Ecuador (-2.1%), and Brazil (-0.1%). Argentina, Brazil, and Armenia accounted for 80% of total cargo volume in December.
Aircraft movements increased by 4.8% YoY, with positive contributions from all countries of operation: Brazil (+9.5%), Uruguay (+8.8%), Ecuador (+7.3%), Italy (+6.4%), Argentina (+3.0%), and Armenia (+0.2%). Argentina, Brazil, and Ecuador accounted for more than 80% of total aircraft movements in December.
Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2025 vs. 2024)
Dec'25 | Dec'24 | % Var. | 2025 | 2024 | % Var. | ||
Passenger Traffic (thousands) | |||||||
Argentina | 4,392 | 4,089 | 7.4% | 47,432 | 42,140 | 12.6% | |
Italy | 609 | 565 | 7.7% | 9,799 | 9,038 | 8.4% | |
Brazil (1) | 1,526 | 1,319 | 15.7% | 16,713 | 15,529 | 7.6% | |
Uruguay | 202 | 200 | 1.2% | 2,296 | 2,241 | 2.5% | |
Ecuador | 385 | 387 | -0.6% | 4,702 | 4,682 | 0.4% | |
Armenia | 446 | 405 | 10.1% | 5,754 | 5,351 | 7.5% | |
TOTAL | 7,560 | 6,965 | 8.5% | 86,696 | 78,981 | 9.8% |
| (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 for full year 2025 was up 10.3% for CAAP and 10.2% for Brazil. |
Cargo Volume (tons) | |||||||||
Argentina | 20,156 | 21,248 | -5.1% | 214,587 | 207,535 | 3.4% | |||
Italy | 916 | 1,140 | -19.6% | 12,555 | 13,036 | -3.7% | |||
Brazil | 5,663 | 5,667 | -0.1% | 62,318 | 65,629 | -5.0% | |||
Uruguay | 3,231 | 3,027 | 6.7% | 35,479 | 32,268 | 10.0% | |||
Ecuador | 3,250 | 3,320 | -2.1% | 35,820 | 37,344 | -4.1% | |||
Armenia | 4,659 | 5,050 | -7.7% | 42,761 | 42,235 | 1.2% | |||
TOTAL | 37,876 | 39,451 | -4.0% | 403,519 | 398,047 | 1.4% | |||
Aircraft Movements | |||||||||
Argentina | 43,949 | 42,674 | 3.0% | 481,673 | 449,699 | 7.1% | |||
Italy | 5,484 | 5,153 | 6.4% | 88,687 | 82,227 | 7.9% | |||
Brazil | 13,010 | 11,876 | 9.5% | 150,778 | 143,202 | 5.3% | |||
Uruguay | 3,979 | 3,658 | 8.8% | 34,002 | 32,536 | 4.5% | |||
Ecuador | 6,991 | 6,518 | 7.3% | 78,431 | 76,145 | 3.0% | |||
Armenia | 3,422 | 3,416 | 0.2% | 42,857 | 39,862 | 7.5% | |||
TOTAL | 76,835 | 73,295 | 4.8% | 876,428 | 823,671 | 6.4% | |||
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 2025, Corporación América Airports served 86.7 million passengers, 9.8% above the 79.0 million passengers served in 2024. 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/20260119267874/en/
Investor Relations Contact
Patricio Iñaki Esnaola
Email: patricio.esnaola@caairports.com
Phone: +5411 4899-6716
FAQ**
What factors contributed to the 8.5% year-on-year increase in passenger traffic reported by Corporación América Airports S.A. (CAAP) for December 2025, particularly in Argentina and Brazil?
How did the international passenger traffic growth of 12.1% YoY in December 20for Corporación América Airports S.A. (CAAP) impact its overall performance compared to previous years?
What strategies is Corporación América Airports S.A. (CAAP) implementing to address the decline in cargo volume, which decreased by 4.0% YoY in December 2025?
How is Corporación América Airports S.A. (CAAP) planning to sustain its passenger traffic growth, especially after achieving all-time annual records in countries like Argentina, Italy, and Uruguay for 2025?
**MWN-AI FAQ is based on asking OpenAI questions about Corporacion America Airports SA (NYSE: CAAP).
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