Corporación América Airports S.A. Reports January 2026 Passenger Traffic
MWN-AI** Summary
In January 2026, Corporación América Airports S.A. (NYSE: CAAP) reported a significant 8.8% increase in total passenger traffic year-on-year (YoY), totaling 7.6 million passengers across its network. International passenger traffic exhibited a robust growth of 14.8%, with Argentina alone recording a remarkable 21.8% rise, contributing over half of the overall passenger traffic growth.
Argentina reached an all-time high for monthly traffic with 4.55 million passengers, reflecting strong performances in both domestic and international segments. Notably, domestic traffic in Argentina increased by 2.6%, while international traffic surged, especially for summer routes operated by LATAM and GOL. Other countries also contributed positively, with Brazil experiencing a remarkable 15.6% rise in passenger traffic and Italy reporting a 4% increase.
Conversely, cargo volume across the network decreased by 6.2%, attributed to declines in Argentina, Italy, Brazil, and Uruguay, though Armenia recorded an increase of 11.9%. Aircraft movements also saw a growth of 4.3% YoY, highlighting the overall increase in activity despite the challenges faced, particularly in Ecuador where traffic was impacted by security concerns.
Corpoación América Airports continues to demonstrate strong operational growth, supported by strategic expansions and seasonal routes. The company's diverse portfolio across multiple countries in Latin America and Europe positions it favorably within the aviation sector. In 2025, the airports managed by CAAP served 86.7 million passengers, which was an increase of 9.8% from the previous year. This upward trajectory underscores the company's resilience and adaptability in the evolving aviation landscape.
MWN-AI** Analysis
As of January 2026, Corporación América Airports S.A. (CAAP) showcased a robust 8.8% year-on-year increase in total passenger traffic, driven primarily by a remarkable 14.8% rise in international passenger numbers. The significant growth, particularly from Argentina which contributed over 50% to the traffic increase, signals a resurgence in travel demand post-pandemic. This trend is noteworthy against the backdrop of broader market improvements in the aviation sector.
The domestic passenger growth of 2.6%, while modest, is complemented by strong international performance across all operational countries, reflecting a diversified revenue base. The airline industry's recovery, especially bolstered by additional seasonal routes, is a favorable indicator for CAAP's future earnings potential. While domestic traffic in Argentina faced challenges due to a strong comparison base from the previous year, the international side demonstrated vibrant growth, which is expected to continue bolstering overall revenues.
However, it's important to note the 6.2% decline in cargo volume and the uneven growth among countries, particularly Italy's notable drop in domestic traffic amid adverse weather conditions. This suggests potential volatility in operational performance, which could impact CAAP's revenue stability.
From an investment perspective, CAAP appears well-positioned for growth, particularly with increased aircraft movements and favorable international travel trends. Investors should, however, remain vigilant regarding macroeconomic factors, including inflation and potential geopolitical tensions that may jeopardize ongoing recovery.
In conclusion, alongside the 8.8% passenger growth, CAAP's diversified operations and strategic international routes present a compelling growth narrative, but investors should monitor external risks closely. A cautious buy-and-hold strategy could be prudent as the company navigates through a potentially volatile period in the aviation sector.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Total passenger traffic up 8.8% YoY in January
International passenger traffic up 14.8% YoY in January; up 21.8% YoY in Argentina
Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”), one of the world’s leading private airport operators, reported today an 8.8% year-on-year (YoY) increase in passenger traffic in January 2026.
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Monthly Passenger Traffic Performance (In million PAX)
Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2026 vs. 2025) | |||
Statistics | Jan'26 | Jan'25 | % Var. |
Domestic Passengers (thousands) | 3,667 | 3,573 | 2.6% |
International Passengers (thousands) | 3,120 | 2,717 | 14.8% |
Transit Passengers (thousands) | 821 | 705 | 16.6% |
Total Passengers (thousands) | 7,609 | 6,995 | 8.8% |
Cargo Volume (thousand tons) | 30.1 | 32.1 | -6.2% |
Total Aircraft Movements (thousands) | 73.7 | 70.6 | 4.3% |
Passenger Traffic Overview
Total passenger traffic increased by 8.8% in January compared to the same month in 2025. Domestic passenger traffic rose by 2.6% YoY, largely driven by Brazil and, to a lesser extent, Ecuador. Meanwhile, international traffic grew by 14.8%, with all operating countries contributing positively on a YoY basis, including double-digit growth in Argentina as well as strong contributions from Armenia, Italy, and Brazil. Notably, Argentina accounted for over 50% of the total YoY traffic growth in January.
In Argentina , total passenger traffic increased 7.9% YoY in January, reaching an all-time monthly record . The result was driven by solid performance in both the international and domestic segments, with more moderate growth in domestic traffic due to a strong comparison base in January 2025. Domestic traffic remained largely flat year-over-year, with Bariloche, Córdoba, Iguazú and Mendoza ranking among the top summer destinations. International traffic also remained strong, rising 21.8% year-over-year, supported by temporary summer routes such as Ezeiza–Florianópolis operated by LATAM and Mendoza–Rio de Janeiro operated by GOL. Aerolíneas Argentinas launched additional seasonal routes, including Tucumán–Florianópolis, Salta–Florianópolis, Buenos Aires (AEP)–Cabo Frio, and Córdoba–Aruba, among others, while Copa and JetSMART also increased frequencies on their Córdoba–Panama and Buenos Aires–Asunción routes, respectively.
In Italy , passenger traffic increased 4.0% YoY, driven by growth in international traffic, partially offset by a decline in domestic traffic. International passenger traffic, which accounted for nearly 80% of total traffic, rose 7.2% YoY, reflecting solid performance at both Florence and Pisa airports. Domestic passenger traffic declined 6.0% YoY, primarily due to lower volumes at Florence and Pisa, as adverse weather conditions during the month led to flight cancellations and diversions.
In Brazil , total passenger traffic increased by a strong 15.6% YoY, reflecting improved traffic trends despite ongoing challenges in the aviation environment. Domestic traffic, which accounted for almost 60% of total traffic, rose 13.3% YoY, while transit passengers increased 18.7% YoY. International traffic, although representing a small share of total traffic (5%), grew 13.9% YoY.
In Uruguay , total passenger traffic, predominantly international, increased 1.0% YoY, supported by additional flight frequencies to accommodate strong summer-season demand. Among other developments, GOL launched a new Montevideo–Fortaleza route and resumed its São Paulo–Punta del Este and Buenos Aires–Punta del Este services for the summer season. Aerolíneas Argentinas also increased frequencies on its Buenos Aires–Punta del Este route and introduced a new Córdoba–Punta del Este service.
In Ecuador , where security concerns persist, passenger traffic increased by 4.9% YoY. International traffic increased by 4.6% YoY, while domestic traffic increased by 6.8% YoY. High airfares continued to weigh on travel demand.
In Armenia , passenger traffic increased by 10.1% YoY . 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 ten new direct routes to Europe.
Cargo Volume and Aircraft Movements
Cargo volume decreased by 6.2% YoY, with negative YoY contributions from all countries of operations, except for Armenia. Performance by country was as follows: Armenia (+11.9%), Ecuador (-4.7%), Brazil (-5.0%), Argentina (-7.1%), Uruguay (-17.4%), and Italy (-23.1%). Argentina, Brazil, and Armenia accounted for 80% of total cargo volume in January.
Aircraft movements increased by 4.3% YoY, with positive contributions from all countries of operation, except for Ecuador: Brazil (+8.8%), Uruguay (+5.8%), Argentina (+5.1%), Italy (+5.0%), Armenia (+3.3%), and Ecuador (-7.8%). Argentina, Brazil, and Ecuador accounted for more than 80% of total aircraft movements in January.
Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2026 vs. 2025) | |||
Jan'26 | Jan'25 | % Var. | |
Passenger Traffic (thousands) | |||
Argentina | 4,553 | 4,218 | 7.9% |
Italy | 504 | 485 | 4.0% |
Brazil | 1,483 | 1,283 | 15.6% |
Uruguay | 245 | 243 | 1.0% |
Ecuador | 392 | 373 | 4.9% |
Armenia | 432 | 393 | 10.1% |
TOTAL | 7,609 | 6,995 | 8.8% |
Cargo Volume (tons) | |||
Argentina | 16,406 | 17,658 | -7.1% |
Italy | 825 | 1,073 | -23.1% |
Brazil | 4,212 | 4,434 | -5.0% |
Uruguay | 2,438 | 2,950 | -17.4% |
Ecuador | 2,678 | 2,811 | -4.7% |
Armenia | 3,500 | 3,128 | 11.9% |
TOTAL | 30,058 | 32,054 | -6.2% |
Aircraft Movements | |||
Argentina | 43,193 | 41,116 | 5.1% |
Italy | 4,750 | 4,524 | 5.0% |
Brazil | 12,043 | 11,072 | 8.8% |
Uruguay | 4,127 | 3,899 | 5.8% |
Ecuador | 6,316 | 6,853 | -7.8% |
Armenia | 3,252 | 3,148 | 3.3% |
TOTAL | 73,681 | 70,612 | 4.3% |
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/20260224410396/en/
Investor Relations Contact
Patricio Iñaki Esnaola
Email: patricio.esnaola@caairports.com
Phone: +5411 4899-6716
FAQ**
How does the recent 8.8% year-on-year increase in passenger traffic for Corporacion America Airports SA CAAP impact its overall revenue and profitability projections for 2026?
What factors contributed to the 14.8% year-on-year growth in international passenger traffic for Corporacion America Airports SA CAAP, particularly in Argentina?
In light of the cargo volume decrease of 6.2% YoY, what strategies is Corporacion America Airports SA CAAP considering to enhance cargo performance across its operating countries?
Considering the expansion of routes in Argentina, how might Corporacion America Airports SA CAAP leverage these to further boost growth in both domestic and international passenger traffic in the coming months?
**MWN-AI FAQ is based on asking OpenAI questions about Corporacion America Airports SA (NYSE: CAAP).
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