[6-K] CORPORACION AMERICA AIRPORTS S.A. Current Report (Foreign Issuer)
Rhea-AI Filing Summary
Corporación América Airports reported solid traffic growth for December 2025 and the full year. Total passenger traffic rose 8.5% year-on-year in December to 7.56 million and increased 9.8% in 2025 to 86.7 million passengers. International traffic was particularly strong, up 12.1% in December and 11.0% for 2025, supported by new and expanded routes across Argentina, Italy, Brazil and other markets.
Argentina, Italy, Uruguay and Armenia all reached all-time annual passenger records in 2025. Brazil posted a 15.7% increase in December traffic, while Armenia grew 10.1%. Cargo trends were softer, with volume down 4.0% in December but up 1.4% for the year, and aircraft movements increased 4.8% in December and 6.4% in 2025, indicating broader operational expansion.
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Insights
Traffic growth was broad-based in 2025, led by international and Argentina.
Corporación América Airports showed healthy operating momentum, with total passenger traffic up 8.5% in December and 9.8% for 2025. International traffic grew faster than domestic, rising 12.1% in December and 11.0% for the year, helped by new long-haul and regional routes and higher load factors in markets like Argentina.
Country data highlight diversification: Argentina’s traffic increased 12.6% in 2025 and set an all-time annual record, while Italy, Brazil, Uruguay and Armenia also posted annual passenger records or solid growth. Ecuador was essentially flat, reflecting security concerns and high fares, showing that weakness is localized rather than system-wide.
Cargo volumes declined 4.0% in December but edged up 1.4% for 2025, and aircraft movements increased 4.8% in December and 6.4% for the year, indicating more flights supporting higher passenger numbers. The actual financial effect depends on yields, costs and mix, which are not detailed here and would be clarified in future financial disclosures.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How did Corporacin Amrica Airports (CAAP) passenger traffic perform in December 2025?
Total passenger traffic increased by 8.5% year-on-year in December 2025 to 7,560 thousand passengers. Domestic passengers rose 5.9%, international passengers grew 12.1%, and transit passengers were up 9.6% compared to December 2024.
What was Corporacin Amrica Airports (CAAP) full-year 2025 passenger traffic growth?
In 2025, total passenger traffic reached 86,696 thousand passengers, an increase of 9.8% year-on-year versus 2024. Excluding the Natal airport, which CAAP stopped operating in February 2024, total passenger traffic in 2025 was up 10.3% compared to 2024.
Which countries set all-time annual passenger records for CAAP in 2025?
Argentina, Italy, Uruguay and Armenia each achieved all-time annual passenger records in 2025. Argentina’s passenger traffic grew 12.6%, Italy 8.4%, Uruguay 2.5%, and Armenia 7.5% year-on-year.
How did cargo volume and aircraft movements trend for CAAP in 2025?
Cargo volume decreased 4.0% year-on-year in December 2025 but increased 1.4% for the full year to 403,519 tons. Total aircraft movements rose 4.8% in December and 6.4% in 2025, reaching 876,428 movements for the year.
How did CAAP perform by country in December 2025 passenger traffic?
December 2025 passenger traffic grew 7.4% in Argentina, 7.7% in Italy, 15.7% in Brazil, 1.2% in Uruguay, and 10.1% in Armenia, while Ecuador declined slightly by 0.6% year-on-year.
What proportion of CAAP traffic is international, and how did it grow in 2025?
International passenger traffic increased 12.1% year-on-year in December 2025 to 2,864 thousand passengers and grew 11.0% for the full year to 34,147 thousand passengers. In Italy, international traffic represented nearly 80% of total traffic and rose 12.0% year-on-year in December.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20546
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of January, 2026
Commission File Number: 333-221916
Corporación América Airports S.A.
(Name of Registrant)
128, Boulevard
de la Pétrusse
L-2330 Luxembourg
Tel: +35226258274
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: January 20, 2026
| Corporación America Airports S.A. | ||
| By: | /s/ Andres Zenarruza | |
| Name: | Andres Zenarruza | |
| Title: | Head of Legal & Compliance | |
| By: | /s/ Jorge Arruda | |
| Name: | Jorge Arruda | |
| Title: | Chief Financial Officer | |
Exhibit Index
| Exhibit No. | Description |
| 99.1 | Press release dated January 20, 2026 - Corporación América Airports S.A. Reports December 2025 Passenger Traffic. |
Exhibit 99.1
Corporación América Airports S.A. Reports December 2025 Passenger Traffic
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, January 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.
| 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%.
Monthly Passenger Traffic Performance
(In million PAX)
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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.
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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.
Investor Relations Contact
Patricio Iñaki Esnaola
Email: patricio.esnaola@caairports.com
Phone: +5411 4899-6716
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