Passenger growth at Corporación América Airports (NYSE: CAAP) reaches 6.7%

Rhea-AI Filing Summary

Corporación América Airports reported solid operational growth for February 2026, with total passenger traffic up 6.7% year-on-year to 6.7 million, and year-to-date traffic up 7.8%. International passengers grew 14.1%, while domestic traffic was broadly flat, rising 0.2%.

Argentina drove more than half of the year-on-year traffic increase, with total passengers up 5.8% and international traffic up 17.8%, despite a nationwide strike and airline fleet issues. Italy, Brazil, Ecuador, Uruguay and Armenia all posted year-on-year passenger growth, led by Armenia at 11.6%.

Cargo volume rose 6.0% in February, with strong gains in Armenia and Argentina offsetting declines in Italy and Brazil. Total aircraft movements increased 2.8%, with growth in most countries and a slight decline in Brazil, underscoring broad-based but moderate expansion across the network.

Insights

Infrastructure & transport analyst

Traffic growth is broad-based and led by international passengers.

Corporación América Airports shows healthy demand, with February 2026 passenger traffic up 6.7% year-on-year and year-to-date up 7.8%. The mix skews toward higher-yield segments, as international traffic increased 14.1% compared with modest 0.2% growth in domestic passengers.

Argentina is particularly important, contributing more than half of total traffic growth and over two-thirds of international growth, despite a nationwide strike and airline fleet issues. Double-digit international growth in Argentina, Italy, Brazil, Ecuador and Armenia suggests resilient outbound and inbound travel demand across regions.

Cargo volume rose 6.0% in February, supported by strong increases in Armenia and Argentina, even as Italy and Brazil declined. Aircraft movements increased 2.8%, indicating capacity expansion is lagging passenger growth, which may support load factors and pricing. Subsequent monthly disclosures will clarify whether these trends persist through 2026.

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FAQ

How did Corporación América Airports (CAAP) passenger traffic perform in February 2026?

Passenger traffic at CAAP grew 6.7% year-on-year in February 2026, reaching 6.7 million passengers. Year-to-date traffic rose 7.8%, reflecting broad-based growth across its airport network in Argentina, Italy, Brazil, Uruguay, Ecuador and Armenia, led by strong international demand.

What was the trend in international versus domestic passengers for CAAP in February 2026?

International traffic rose 14.1% year-on-year in February 2026, while domestic traffic increased only 0.2%. This indicates growth is driven mainly by cross-border travel, with double-digit international increases in Argentina, Italy, Brazil, Ecuador and Armenia supporting higher-yield passenger segments.

How did CAAP’s Argentina operations contribute to February 2026 growth?

In Argentina, total passenger traffic increased 5.8% year-on-year and international traffic jumped 17.8% in February 2026. Argentina accounted for more than half of total traffic growth and over two-thirds of international growth, despite a nationwide strike and airline fleet constraints affecting some flights.

What were CAAP’s cargo volume and aircraft movement trends in February 2026?

Cargo volume increased 6.0% year-on-year in February 2026, with strong gains in Armenia and Argentina offsetting declines in Italy and Brazil. Aircraft movements rose 2.8%, showing moderate capacity expansion and positive contributions from most countries, except for a slight decrease in Brazil.

How did CAAP’s different countries perform in passenger traffic during February 2026?

February 2026 passenger growth was broad-based: Argentina up 5.8%, Italy 7.4%, Brazil 8.2%, Uruguay 2.4%, Ecuador 8.6% and Armenia 11.6% year-on-year. Armenia and Brazil showed particularly strong increases, while Argentina remained the single largest contributor to overall traffic expansion.

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 March, 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: March 16, 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 March 16, 2026 - Corporación América Airports S.A. Reports February 2026 Passenger Traffic.

Exhibit 99.1

 

 

Corporación América Airports S.A. Reports February 2026 Passenger Traffic

Total passenger traffic up 6.7% YoY in February

International passenger traffic up 14.1% YoY in February; up 17.8% YoY in Argentina

Luxembourg, March 16, 2026— Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”), one of the world’s leading private airport operators, reported today a 6.7% year-on-year (YoY) increase in passenger traffic in February 2026.

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2026 vs. 2025)

Statistics		Feb'26			Feb'25			% Var.				YTD’26			YTD’25			% Var.
Domestic Passengers (thousands)			3,299			3,292			0.2	%			6,966			6,864			1.5	%
International Passengers (thousands)			2,786			2,442			14.1	%			5,906			5,160			14.5	%
Transit Passengers (thousands)			660			588			12.3	%			1,482			1,292			14.7	%
Total Passengers (thousands)1			6,745			6,322			6.7	%			14,354			13,316			7.8	%
Cargo Volume (thousand tons)			31.4			29.6			6.0	%			61.4			61.6			-0.3	%
Total Aircraft Movements (thousands)			66.0			64.2			2.8	%			139.7			134.8			3.6	%

Monthly Passenger Traffic Performance

(In million PAX)

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Passenger Traffic Overview

Total passenger traffic increased by 6.7% in February compared to the same month in 2025. Domestic traffic rose modestly by 0.2% YoY, driven by Brazil and Ecuador, partially offset by declines in Argentina and Italy. International traffic, meanwhile, grew by 14.1%, with all operating countries contributing positively on a YoY basis, including double-digit growth in Argentina, Italy, Brazil, Ecuador, and Armenia. Notably, Argentina accounted for more than 50% of total YoY traffic growth in February and over two-thirds of the increase in international traffic.

In Argentina, total passenger traffic increased by 5.8% YoY in February. The increase was driven by strong growth in international traffic, partially offset by a slight decline in the domestic segment, reflecting a tough comparison base in February 2025 and the impact of a nationwide 24-hour strike organized by major labor unions on February 19. Domestic traffic declined by 0.4% YoY. Additionally, Aerolíneas Argentinas faced temporary fleet constraints due to engine issues affecting several aircraft, which resulted in some flight cancellations. International traffic remained robust, increasing by 17.8% YoY and reaching the highest load factor levels of the past twelve months. On February 20, the system recorded the highest number of international passengers in a single day in its history. During the Carnival period, traffic increased by 27% compared with Carnival 2025, with Brazil, Chile, and the United States ranking as the top three destinations in February.

In Italy, passenger traffic increased by 7.4% YoY, driven by double-digit growth in the international segment, partially offset by a decline in domestic traffic. International passenger traffic, which accounted for nearly 80% of total traffic, rose by 10.6% YoY, reflecting solid performance at both Florence and Pisa airports. Domestic passenger traffic declined by 2.2% YoY, primarily due to lower volumes at Florence airport, partially offset by increases at Pisa airport.

In Brazil, total passenger traffic increased by 8.2% YoY, reflecting improved traffic trends despite ongoing challenges in the aviation environment. Domestic traffic, which accounted for nearly 60% of total traffic, rose by 1.6% YoY, while transit passengers increased by a strong 17.3% YoY. International traffic, although representing a small share of total traffic (5%), grew by 10.2% YoY.

In Uruguay, total passenger traffic, predominantly international, increased by 2.4% YoY and continued to benefit from additional flight frequencies introduced 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 performed well, increasing by 8.6% YoY. International traffic increased by 13.7% YoY, supported by strong performance on routes to Europe. Domestic traffic rose by 4.7% YoY, although high airfares continued to weigh on travel demand.

In Armenia, passenger traffic increased by 11.6% YoY. The result was supported by the introduction of new airlines and routes, as well as increased flight frequencies. In October 2025, 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 increased by 6.0% YoY, with positive contributions from all countries of operation except Italy and Brazil. Performance by country was as follows: Armenia (+43.2%), Argentina (+9.7%), Uruguay (+5.7%), Ecuador (+0.8%), Italy (-16.8%), and Brazil (-17.8%). Argentina, Brazil, and Armenia accounted for nearly 80% of total cargo volume in February.

Aircraft movements increased by 2.8% YoY, with positive contributions from all countries of operation except Brazil, which recorded a slight decline. Performance by country was as follows: Armenia (+11.1%), Uruguay (+6.9%), Argentina (+3.5%), Italy (+2.8%), Ecuador (+0%), and Brazil (-0.6%). Argentina, Brazil, and Ecuador accounted for more than 80% of total aircraft movements in February.

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Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2026 vs. 2025)

		Feb'26			Feb'25			% Var.				YTD'26			YTD'25			% Var.
Passenger Traffic (thousands)
Argentina			4,019			3,798			5.8	%			8,573			8,016			6.9	%
Italy			542			505			7.4	%			1,046			990			5.7	%
Brazil			1,267			1,172			8.2	%			2,750			2,455			12.0	%
Uruguay			214			209			2.4	%			459			452			1.7	%
Ecuador			373			344			8.6	%			765			717			6.7	%
Armenia			329			294			11.6	%			761			687			10.7	%
TOTAL			6,745			6,322			6.7	%			14,354			13,316			7.8	%
Cargo Volume (tons)
Argentina			16,263			14,831			9.7	%			32,669			32,489			0.6	%
Italy			844			1,014			-16.8	%			1,669			2,087			-20.0	%
Brazil			4,367			5,313			-17.8	%			8,578			9,747			-12.0	%
Uruguay			2,868			2,713			5.7	%			5,306			5,663			-6.3	%
Ecuador			2,728			2,707			0.8	%			5,407			5,518			-2.0	%
Armenia			4,299			3,001			43.2	%			7,798			6,129			27.2	%
TOTAL			31,369			29,580			6.0	%			61,427			61,633			-0.3	%
Aircraft Movements
Argentina			38,239			36,941			3.5	%			81,432			78,057			4.3	%
Italy			4,707			4,581			2.8	%			9,457			9,105			3.9	%
Brazil			11,331			11,394			-0.6	%			23,374			22,466			4.0	%
Uruguay			3,155			2,952			6.9	%			7,282			6,851			6.3	%
Ecuador			5,955			5,956			0.0	%			12,271			12,809			-4.2	%
Armenia			2,623			2,361			11.1	%			5,875			5,509			6.6	%
TOTAL			66,010			64,185			2.8	%			139,691			134,797			3.6	%

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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Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EXHIBIT 99.1 83.3 KB