Corporación América Airports S.A. Reports May 2025 Passenger Traffic
MWN-AI** Summary
In May 2025, Corporación América Airports S.A. (CAAP), one of the largest private airport operators globally, reported a notable 15.9% year-on-year (YoY) increase in total passenger traffic, reaching 6.9 million. This growth was predominantly driven by strong domestic traffic in Argentina, which surged by 21.4%. Overall, domestic passenger traffic across CAAP's operations rose by 18.4%, showcasing robust recoveries in Argentina, Brazil, and Italy.
International passenger traffic also saw a significant increase of 12.1% YoY, with Argentina contributing the most substantial growth, at 66% of the overall increase. In Argentina, domestic traffic flourished with diverse new routes offered by low-cost carrier JetSMART. Although Aerolíneas Argentinas experienced a reduction in market share, it still managed to transport 18% more passengers due to heightened demand linked to major events like the Argentine Football Cup final.
In Italy, CAAP recorded a 10.3% increase in passenger traffic, supported mainly by Ryanair's enhanced flight frequencies. Conversely, in Brazil, traffic grew by 16.4% YoY, reflecting a steady upward trend despite the aviation sector's challenges.
Cargo volumes climbed by 6.6% YoY, led by substantial growth in Brazil (21.1%) and Armenia (19.7%). Aircraft movements increased by 10.1%, demonstrating strong operational activity across all countries of operation.
Overall, CAAP’s May 2025 passenger traffic performance highlights a positive trajectory for the company, signaling a robust recovery in air travel, particularly in the South American region, amidst ongoing efforts to expand routes and services. The company continues to monitor market dynamics to capitalize on growth opportunities in the coming months.
MWN-AI** Analysis
In May 2025, Corporación América Airports S.A. (NYSE: CAAP) reported a robust 15.9% year-on-year increase in passenger traffic, indicating a strong recovery trajectory post-pandemic. Particularly noteworthy is the performance in Argentina, where traffic surged 21.4% year-on-year, highlighting effective operational strategies and increasing consumer confidence. This growth trend is particularly relevant for investors considering the overall market recovery within the aviation sector.
The significant uptick in international passenger traffic (12.1% YoY) reinforces CAAP’s operational strength across multiple regions. Its diverse portfolio of airports in Argentina, Brazil, and Italy showcases resilience, with impressive growth figures in domestic traffic from Argentina and Brazil—a clear indicator for potential future expansion in these markets.
A deeper dive into passenger statistics reveals that JetSMART's expansion in Argentina, followed by the introduction of new routes, is a key factor contributing to market share growth, while Aerolíneas Argentinas continues to remain competitive despite a slight dip in market share. This competitive landscape may foreshadow further consolidation and partnership opportunities with emerging airlines, which could enhance CAAP's market position.
From a financial analysis perspective, the rise in cargo volumes (up 6.6% YoY) alongside increased aircraft movements (up 10.1% YoY) suggests operational efficiency and a potential for increased revenue streams beyond passenger traffic. Notably, CAAP’s growth in cargo services might allow the company to hedge against fluctuations in passenger traffic.
With these positives in mind, investors should consider incrementally building positions in CAAP, especially given the pattern of consistent growth in key markets. Monitoring ongoing developments, such as regulatory changes and competitive dynamics in the aviation sector, will be essential for making informed investment decisions moving forward. Long-term prospects look favorable, positioning CAAP as a strong player in the recovering airline sector.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Total passenger traffic up 15.9% YoY, up 21.4% YoY in Argentina
International passenger traffic up 12.1% YoY; up 19.6% 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 15.9% year-on-year (YoY) increase in passenger traffic in May 2025.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250617122295/en/
Monthly Passenger Traffic Performance (in million PAX)
Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2025 vs. 2024) | ||||||||
Statistics | May'25 | May'24 | % Var. | YTD’25 | YTD'24 | % Var. | ||
Domestic Passengers (thousands) | 3,502 | 2,958 | 18.4% | 17,671 | 16,298 | 8.4% | ||
International Passengers (thousands) | 2,787 | 2,487 | 12.1% | 13,366 | 11,847 | 12.8% | ||
Transit Passengers (thousands) | 614 | 511 | 20.3% | 3,132 | 2,845 | 10.1% | ||
Total Passengers (thousands) 1 | 6,903 | 5,955 | 15.9% | 34,169 | 30,989 | 10.3% | ||
Cargo Volume (thousand tons) | 33.6 | 31.5 | 6.6% | 161.8 | 152.5 | 6.1% | ||
Total Aircraft Movements (thousands) | 71.3 | 64.8 | 10.1% | 349.3 | 329.3 | 6.1% | ||
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 11.6%. |
Passenger Traffic Overview
Total passenger traffic increased by 15.9% in May compared to the same month in 2024. Domestic passenger traffic rose by 18.4% year over year (YoY), largely driven by Argentina, along with strong performances in Brazil and Italy. Meanwhile, international traffic grew by 12.1%, with all operating countries contributing positively YoY—except Ecuador—and particularly strong results in Brazil, Argentina, Italy, and Uruguay. Notably, Argentina accounted for 66% of the total traffic growth in May.
In Argentina , total passenger traffic increased by 21.4% YoY, primarily driven by the ongoing recovery in domestic traffic, which rose by 22.2% YoY—marking three consecutive months of double-digit growth. JetSMART, which has been introducing new routes in recent months, continued to gain market share, serving 157% more passengers than in the same month last year. Aerolíneas Argentinas saw its market share decline by 2 percentage points; however, it carried 18% more passengers than in May 2024, boosted by the final match of the Argentine Football Cup. Flybondi’s market share decreased by 11 percentage points compared to the same month last year. International passenger traffic also remained strong, increasing by a solid 19.6% YoY. JetSMART began operating flights between Mendoza and Rio de Janeiro with two weekly frequencies, while GOL inaugurated the Aeroparque–Porto Alegre route with three weekly frequencies. Load factors on routes to Europe and the U.S. either slightly increased or remained stable in May.
In Italy , passenger traffic grew by 10.3% compared to the same month in 2024, mainly supported by an increase in flight frequencies by Ryanair. International passenger traffic—which accounted for over 80% of total traffic—rose by 9.4% YoY, driven by a 14.0% increase at Florence Airport and a 6.0% increase at Pisa Airport. Domestic passenger traffic grew by 15.0% YoY, fueled by a robust performance at Pisa Airport and supported by the aforementioned increase in flight frequencies by Ryanair.
In Brazil , total passenger traffic increased by a solid 16.4% YoY, reflecting an improvement in traffic trends despite the ongoing challenges in the aviation environment and aircraft constraints in the country. Domestic traffic, which accounted for nearly 60% of total traffic, rose by 14.0% YoY, while transit passengers increased by 17.7% YoY. Notably, although representing a small share of total traffic (5%), international traffic grew strongly by 41.2% YoY.
In Uruguay , total passenger traffic—predominantly international—rose by 8.3% YoY, showing a slight sequential deceleration from April, which had benefited from additional demand generated by the Easter holiday. Azul Linhas Aéreas announced a new direct route between Montevideo and Campinas, with five weekly flights starting in July. 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 decreased by 0.8% YoY. International traffic declined by 1.0% YoY, mainly due to reduced operations to the U.S., while domestic traffic increased slightly by 0.3% YoY, impacted by high airfares that have dampened travel demand.
In Armenia , passenger traffic increased by 7.3% 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 increased by 6.6% compared to the same month in 2024, with positive YoY contributions from all countries of operations except for Italy. Performance by country was as follows: Brazil (+21.1%), Armenia (+19.7%), Uruguay (+14.8%), Ecuador (+4.3%), Argentina (+0.3%), and Italy (-5.9%). Argentina, Brazil, and Uruguay accounted for almost 80% of the total cargo volume in May.
Aircraft movements increased by 10.1% YoY, with positive contributions from all countries of operation: Argentina (+12.7%), Uruguay (+12.4%), Brazil (+9.2%), Armenia (+8.8%), Italy (+8.0%), and Ecuador (+1.5%). Argentina, Brazil, and Italy accounted for more than 80% of total aircraft movements in May.
Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2025 vs. 2024)
May'25 | May'24 | % Var. | YTD'25 | YTD'24 | % Var. | ||
Passenger Traffic (thousands) | |||||||
Argentina | 3,540 | 2,916 | 21.4% | 19,366 | 16,870 | 14.8% | |
Italy | 979 | 888 | 10.3% | 3,507 | 3,173 | 10.5% | |
Brazil (1) | 1,357 | 1,165 | 16.4% | 6,414 | 6,209 | 3.3% | |
Uruguay | 169 | 156 | 8.3% | 1,013 | 957 | 5.8% | |
Ecuador | 390 | 393 | -0.8% | 1,926 | 1,913 | 0.7% | |
Armenia | 468 | 436 | 7.3% | 1,942 | 1,867 | 4.0% | |
TOTAL | 6,903 | 5,955 | 15.9% | 34,169 | 30,989 | 10.3% | |
(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. Excluding Natal for comparison purposes, total passenger traffic YTD was up 11.6%. |
Cargo Volume (tons) | |||||||
Argentina | 16,909 | 16,856 | 0.3% | 84,103 | 78,319 | 7.4% | |
Italy | 1,071 | 1,137 | -5.9% | 5,344 | 5,313 | 0.6% | |
Brazil | 5,552 | 4,584 | 21.1% | 26,157 | 25,196 | 3.8% | |
Uruguay | 3,427 | 2,986 | 14.8% | 14,651 | 12,599 | 16.3% | |
Ecuador | 3,420 | 3,279 | 4.3% | 15,439 | 16,291 | -5.2% | |
Armenia | 3,216 | 2,686 | 19.7% | 16,094 | 14,768 | 9.0% | |
TOTAL | 33,595 | 31,528 | 6.6% | 161,787 | 152,485 | 6.1% | |
Aircraft Movements | |||||||
Argentina | 37,259 | 33,072 | 12.7% | 195,577 | 181,380 | 7.8% | |
Italy | 8,995 | 8,329 | 8.0% | 31,717 | 29,456 | 7.7% | |
Brazil | 12,602 | 11,540 | 9.2% | 59,425 | 58,496 | 1.6% | |
Uruguay | 2,480 | 2,207 | 12.4% | 15,387 | 14,361 | 7.1% | |
Ecuador | 6,390 | 6,297 | 1.5% | 32,020 | 31,279 | 2.4% | |
Armenia | 3,600 | 3,310 | 8.8% | 15,168 | 14,318 | 5.9% | |
TOTAL | 71,326 | 64,755 | 10.1% | 349,294 | 329,290 | 6.1% | |
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/20250617122295/en/
Investor Relations Contact
Patricio Iñaki Esnaola
Email: patricio.esnaola@caairports.com
Phone: +5411 4899-6716
FAQ**
How does the recent passenger traffic growth of 15.9% YoY at Corporacion America Airports SA CAAP compare to industry trends in aviation across its operating regions?
Given the significant increase in domestic traffic in Argentina, what strategies is Corporacion America Airports SA CAAP implementing to capitalize on this momentum?
With international passenger traffic rising by 12.1% YoY, what challenges might Corporacion America Airports SA CAAP face in maintaining this growth across different countries?
Can you elaborate on how the performance of JetSMART affects the market share dynamics for Corporacion America Airports SA CAAP in Argentina?
**MWN-AI FAQ is based on asking OpenAI questions about Corporacion America Airports SA (NYSE: CAAP).
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