Corporación América Airports S.A. Reports March 2025 Passenger Traffic
MWN-AI** Summary
In March 2025, Corporación América Airports S.A. (NYSE: CAAP) reported a notable 10.5% year-on-year increase in passenger traffic, totaling 7.051 million passengers. This growth was driven by a robust recovery in Argentina, which saw traffic surge by 15.0%. Domestic travel in Argentina increased by 12.2%, and international passenger numbers rose by an impressive 21.8%, contributing significantly to the company's overall performance. Notably, Argentina accounted for 81% of total traffic growth for the month.
The company witnessed a 12.7% increase in international passenger traffic across its operations, with Argentina leading the growth. The recovery trend in Argentina was opaque of governmental incentives previously influencing passenger numbers, showcasing underlying demand for air travel. Other operating countries like Italy, Brazil, and Uruguay also contributed positively, with Italy's traffic rising by 11.3%.
Cargo volume increased by 9.6% year-on-year, highlighting strong performances in Argentina and Uruguay. Aircraft movements rose by 6.0%, reflecting a broader recovery in the aviation sector. Despite challenges in Brazil's aviation sector, total traffic improved due to a 7.8% rise in domestic travel.
Overall, CAAP continues to adapt and thrive amid evolving market conditions, with its diverse operational footprint across six countries in Latin America and Europe. This March's impressive traffic results underscore the positive momentum within the company and its pivotal role in supporting regional air travel and connectivity. With ongoing developments, the company is well-positioned to leverage its strategic advantages in a competitive industry landscape. For more detailed financials and updates, stakeholders can access the complete report on their investor relations webpage.
MWN-AI** Analysis
In March 2025, Corporación América Airports S.A. (CAAP) reported a robust 10.5% year-on-year increase in total passenger traffic, highlighting a revitalization of air travel post-pandemic. This growth is driven by a remarkable 15.0% increase in Argentina and significant international traffic growth of 12.7%. These numbers reflect a promising trend for the company and may enhance investor confidence.
Key highlights from the report show domestic passenger traffic in Argentina climbing by 12.2%, with low-cost carrier JetSMART capturing a substantial market share. The loosening of previous travel incentives may suggest a more sustainable growth model moving forward. The international segment, particularly in Argentina, also saw a surge with a 21.8% increase, signifying a broader recovery in tourism.
Italy's performance, with an 11.3% increase in March traffic, boosted by Ryanair's expanded operations, reinforces CAAP's strong international positioning. However, Brazil's meager 4.6% growth indicates regional challenges that investors should monitor closely.
Despite the overall positive outlook, concerns remain, particularly in e-commerce-dependent cargo operations, where CAAP faced volume declines in Brazil and Armenia. The declines in these areas might limit some of the revenue upsides. It is crucial for CAAP to strategize around these regional challenges.
From an investment perspective, CAAP appears positioned for growth, especially with the optimistic passenger forecasts and expanded service routes. Nevertheless, potential investors should weigh this growth against the lingering challenges in specific operational regions. A cautious, well-informed approach is advised, with a focus on how CAAP adapts its strategies in the face of evolving market conditions. Monitoring quarterly reports will be essential to anticipate any shifts that could impact performance.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Total passenger traffic up 10.5% YoY, up 15.0% YoY in Argentina
International passenger traffic up 12.7% YoY; up 21.8% 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 a 10.5% year-on-year (YoY) increase in passenger traffic in March 2025.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250414339105/en/
Monthly Passenger Traffic Performance (In million PAX)
Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2025 vs. 2024) | ||||||||
Statistics | Mar'25 | Mar'24 | % Var. | YTD’25 | YTD'24 | % Var. | ||
Domestic Passengers (thousands) | 3,775 | 3,401 | 11.0% | 10,639 | 10,230 | 4.0% | ||
International Passengers (thousands) | 2,675 | 2,373 | 12.7% | 7,835 | 6,956 | 12.6% | ||
Transit Passengers (thousands) | 601 | 609 | -1.3% | 1,894 | 1,798 | 5.3% | ||
Total Passengers (thousands) 1 | 7,051 | 6,383 | 10.5% | 20,368 | 18,984 | 7.3% | ||
Cargo Volume (thousand tons) | 34.3 | 31.3 | 9.6% | 95.9 | 87.9 | 9.1% | ||
Total Aircraft Movements (thousands) | 71.5 | 67.4 | 6.0% | 206.3 | 200.1 | 3.1% | ||
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 9.4%. |
Passenger Traffic Overview
Total passenger traffic increased by 10.5% in March compared to the same month in 2024. Domestic passenger traffic rose by 11.0% year-over-year, largely driven by a recovery in Argentina, as well as strong performances in Italy and Brazil. Meanwhile, international traffic grew by 12.7%, with all operating countries contributing positively year-over-year, except Armenia. Notably, Argentina accounted for 81% of the total traffic growth in March.
In Argentina , total passenger traffic increased by 15.0% YoY, primarily driven by the ongoing recovery in domestic traffic, which rose by 12.2% YoY — marking four consecutive months of positive growth. Notably, YoY comparisons for domestic traffic are no longer influenced by the ‘Previaje’ incentive program, which was suspended in December 2023 following the swearing-in of the new government. JetSMART, which recently added three Airbus A321neo aircraft, continued to gain market share, carrying 90% more passengers than in March 2024, while Flybondi carried 16% more passengers over the same period. International passenger traffic also remained strong, increasing by a solid 21.8% YoY. Aerolíneas Argentinas resumed operations to Porto Alegre and announced it will maintain the Córdoba–Rio de Janeiro route year-round. Additionally, Avianca began operating flights to Buenos Aires using Wamos Air A330-300s, as part of its strategy to strengthen service on high-demand routes.
In Italy , passenger traffic grew by 11.3% compared to the same month in 2024, mainly supported by an increase in flight frequencies by Ryanair. International passenger traffic — which accounted for over 75% of total traffic — rose by 8.0% YoY, driven by a 13.8% increase at Florence Airport and a 3.4% increase at Pisa Airport. Domestic passenger traffic saw a robust 22.9% YoY increase, with strong performances at both Pisa and Florence airports.
In Brazil , total passenger traffic increased by 4.6% YoY, reflecting an improvement in traffic trends despite the still challenging aviation environment and aircraft constraints in the country. Domestic traffic, which accounted for nearly 60% of total traffic, rose by 7.8% YoY, while transit passengers declined by 4.2% YoY.
In Uruguay , total passenger traffic — predominantly international — rose slightly by 0.5% YoY, following a strong performance in 2024. In March, Azul Linhas Aéreas announced a new direct route between Montevideo and Campinas, with five weekly flights. This new connection will help strengthen ties between Uruguay and Brazil, facilitating passenger flow and promoting the development of new commercial and tourism opportunities.
In Ecuador , where security concerns persist, passenger traffic increased by 1.1% YoY. International traffic rose by 1.6% YoY, while domestic traffic edged up by 0.7% YoY, impacted by high airfare prices that have dampened travel demand.
In Armenia , passenger traffic increased by 0.6% YoY, following a strong post-COVID recovery. Travel demand in Armenia has benefited from the introduction of new airlines and routes, as well as increased flight frequencies.
Cargo Volume and Aircraft Movements
Cargo volume increased by 9.6% compared to the same month in 2024, mainly driven by strong performances in Argentina and Uruguay. Performance by country was the following: Argentina (+20.3%), Uruguay (+24.3%), Italy (+5.4%), Armenia (-6.3%), Brazil (-3.9%), and Ecuador (-5.2%). Argentina, Brazil, and Armenia accounted for almost 80% of the total cargo volume in March.
Aircraft movements increased by 6.0% YoY, with positive YoY contributions from all countries of operations: Argentina (+7.5%), Uruguay (+5.3%), Italy (+7.0%), Armenia (+2.3%), Brazil (+4.9%), and Ecuador (+0.4%). Argentina, Brazil, and Ecuador accounted for more than 80% of total aircraft movements in March.
Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2025 vs. 2024)
Mar'25 | Mar'24 | % Var. | YTD'25 | YTD'24 | % Var. | ||
Passenger Traffic (thousands) | |||||||
Argentina | 4,152 | 3,612 | 15.0% | 12,168 | 10,812 | 12.5% | |
Italy | 640 | 575 | 11.3% | 1,630 | 1,477 | 10.4% | |
Brazil (1) | 1,272 | 1,215 | 4.6% | 3,726 | 3,905 | -4.6% | |
Uruguay | 203 | 202 | 0.5% | 654 | 639 | 2.4% | |
Ecuador | 417 | 412 | 1.1% | 1,134 | 1,110 | 2.2% | |
Armenia | 368 | 366 | 0.6% | 1,055 | 1,043 | 1.2% | |
TOTAL | 7,051 | 6,383 | 10.5% | 20,368 | 18,984 | 7.3% |
(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. |
Cargo Volume (tons) | |||||||
Argentina | 17,558 | 14,591 | 20.3% | 50,047 | 44,234 | 13.1% | |
Italy | 1,136 | 1,078 | 5.4% | 3,224 | 3,115 | 3.5% | |
Brazil | 5,530 | 5,755 | -3.9% | 15,277 | 15,407 | -0.8% | |
Uruguay | 3,226 | 2,596 | 24.3% | 8,889 | 6,893 | 29.0% | |
Ecuador | 3,439 | 3,629 | -5.2% | 8,957 | 9,294 | -3.6% | |
Armenia | 3,425 | 3,654 | -6.3% | 9,554 | 8,999 | 6.2% | |
TOTAL | 34,314 | 31,303 | 9.6% | 95,947 | 87,943 | 9.1% | |
Aircraft Movements | |||||||
Argentina | 41,370 | 38,489 | 7.5% | 119,427 | 114,015 | 4.7% | |
Italy | 5,662 | 5,290 | 7.0% | 14,767 | 13,695 | 7.8% | |
Brazil | 12,117 | 11,548 | 4.9% | 34,583 | 35,607 | -2.9% | |
Uruguay | 3,060 | 2,907 | 5.3% | 9,911 | 9,720 | 2.0% | |
Ecuador | 6,434 | 6,407 | 0.4% | 19,243 | 18,987 | 1.3% | |
Armenia | 2,826 | 2,763 | 2.3% | 8,335 | 8,089 | 3.0% | |
TOTAL | 71,469 | 67,404 | 6.0% | 206,266 | 200,113 | 3.1% | |
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/20250414339105/en/
Investor Relations Contact
Patricio Iñaki Esnaola
Email: patricio.esnaola@caairports.com
Phone: +5411 4899-6716
FAQ**
How does Corporación América Airports S.A. (CAAP) plan to capitalize on the 15.0% YoY increase in passenger traffic in Argentina to enhance its market position further?
Considering the YoY growth in international passenger traffic for Corporación América Airports S.A. (CAAP) of 12.7%, what strategies are being implemented to maintain this momentum?
In light of the challenges faced in Brazil's aviation environment, how does Corporación América Airports S.A. (CAAP) intend to address the 4.6% YoY growth in passenger traffic while overcoming aircraft constraints?
With CAAP's total cargo volume increasing by 9.6%, what initiatives does Corporación América Airports S.A. (CAAP) have in place to support further growth in cargo operations across its network?
**MWN-AI FAQ is based on asking OpenAI questions about Corporacion America Airports SA (NYSE: CAAP).
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