Company Announcements

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

LUXEMBOURG--(BUSINESS WIRE)--Jan. 20, 2026-- 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.

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Monthly Passenger Traffic Performance (In million PAX)

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)

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.

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Investor Relations Contact
Patricio Iñaki Esnaola
Email: patricio.esnaola@caairports.com
Phone: +5411 4899-6716

Source: Corporación América Airports