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International growth offsets domestic weakness in CAAP (NYSE: CAAP) May 2026 traffic

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Rhea-AI Filing Summary

Corporación América Airports reported that total passenger traffic in May 2026 was broadly stable, down just 0.2% year over year to 6.888 million passengers, while year-to-date traffic rose 4.7% to 35.8 million.

Domestic traffic fell 8.5% in May, mainly due to reduced capacity from low-cost carriers in Argentina, while international traffic grew 7.3% with broad-based strength across most countries. Transit passengers increased 12.5%.

By country in May, traffic declined 5.7% in Argentina but grew 5.6% in Italy, 3.6% in Brazil, 7.0% in Uruguay, 2.6% in Ecuador, and 12.7% in Armenia. Cargo volume decreased 2.7% year over year and aircraft movements fell 1.1%, though both remain slightly higher on a year-to-date basis.

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Total passengers May 2026 6,888 thousand -0.2% year over year vs May 2025
YTD 2026 passengers 35,762 thousand 4.7% higher than YTD 2025
Domestic passengers May 2026 3,206 thousand down 8.5% year over year
International passengers May 2026 2,991 thousand up 7.3% year over year
Armenia passenger traffic May 2026 527 thousand up 12.7% year over year
Cargo volume May 2026 32,700 tons down 2.7% year over year
Aircraft movements May 2026 70,538 down 1.1% year over year
passenger traffic financial
"Corporación América Airports S.A. Reports May 2026 Passenger Traffic"
cargo volume financial
"Cargo volume, decreased by 2.7% year over year"
aircraft movements financial
"Aircraft movements declined by 1.1% year over year"
Aircraft movements are the count of individual airplane takeoffs and landings at an airport or airfield, and may also include practice touch-and-goes or overflights depending on how the airport reports them. For investors this is a simple activity measure—like counting cars through a toll booth—that signals demand for passenger and cargo travel, airport revenue opportunities (fees, retail, parking, fuel) and broader local economic activity, so rising or falling movements can affect valuations and forecasts.
transit passengers financial
"Transit Passengers (thousands) 691 614 12.5% YoY"
Transit passengers are people who pass through a transportation hub—such as an airport, train station, or bus terminal—while switching from one vehicle or route to another or briefly using the facility during a trip. For investors, the number and behavior of transit passengers is a key sign of demand and revenue potential—similar to counting shoppers who stop in a mall, higher transit footfall can boost ticket sales, retail and service income, and signal pressure on capacity or opportunity for expansion.
year over year financial
"reported today a 0.2% year-on-year (YoY) decrease in passenger traffic"
A measure that compares a financial number (like revenue, profit, or user counts) for a given period with the same period one year earlier to show whether a business is growing, shrinking, or holding steady. Investors use it to spot real trends while reducing seasonal effects—like comparing this winter’s sales to last winter’s—so they can judge if changes reflect lasting performance or routine seasonal swings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

How did CAAP’s total passenger traffic perform in May 2026?
Total passenger traffic at CAAP airports was broadly stable in May 2026, declining just 0.2% year over year to 6.888 million passengers. Year-to-date, traffic increased 4.7% to 35.8 million passengers, indicating underlying growth despite the softer monthly comparison.

What was the trend in domestic versus international traffic for CAAP in May 2026?
Domestic traffic declined 8.5% year over year in May 2026, while international traffic grew 7.3%. The domestic weakness was mainly driven by reduced capacity in Argentina, whereas international demand was strong across most markets except Brazil, supporting overall stability in total traffic.

How did passenger traffic evolve by country for CAAP in May 2026?
In May 2026, passenger traffic fell 5.7% in Argentina but rose 5.6% in Italy, 3.6% in Brazil, 7.0% in Uruguay, 2.6% in Ecuador, and 12.7% in Armenia. This shows a mixed regional picture with notable strength in Armenia and Italy.

What happened to CAAP’s cargo volume and aircraft movements in May 2026?
Cargo volume decreased 2.7% year over year in May 2026 to 32,700 tons, while aircraft movements declined 1.1% to 70,538. On a year-to-date basis, both indicators are modestly higher than 2025, suggesting gradual operational growth despite monthly volatility.

How is CAAP’s year-to-date 2026 traffic compared with 2025?
Year-to-date 2026, CAAP handled 35.762 million passengers, a 4.7% increase versus 34.169 million in 2025. All countries show positive year-to-date growth, led by Brazil, Italy, Ecuador, and Armenia, indicating a generally improving demand environment across the network.

 

 

 

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 June, 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: June 18, 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 June 18, 2026 - Corporación América Airports S.A. Reports May 2026 Passenger Traffic.

 

 

 

Exhibit 99.1 

 

 

 

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

 

Total passenger traffic broadly stable YoY

International passenger traffic up 7.3% YoY; up 7.2% YoY in Argentina

 

Luxembourg, June 18, 2026— Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”), one of the world’s leading private airport operators, reported today a 0.2% year-on-year (YoY) decrease in passenger traffic in May 2026.

 

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

 

Statistics  May'26   May'25   % Var.   YTD’26   YTD’25   % Var. 
Domestic Passengers (thousands)  3,206   3,502   -8.5%  17,267   17,671   -2.3%
International Passengers (thousands)  2,991   2,787   7.3%  14,850   13,366   11.1%
Transit Passengers (thousands)  691   614   12.5%  3,646   3,132   16.4%
Total Passengers (thousands)  6,888   6,903   -0.2%  35,762   34,169   4.7%
Cargo Volume (thousand tons)  33   34   -2.7%  166   162   2.3%
Total Aircraft Movements (thousands)  71   71   -1.1%  355   349   1.7%

 

Monthly Passenger Traffic Performance

(In million PAX)

 

 

Page 1 of 3

 

 

 

Passenger Traffic Overview

 

Total passenger traffic decreased slightly by 0.2% in May compared to the same month in 2025. Domestic traffic declined by 8.5% year over year, primarily driven by lower traffic in Argentina. International traffic, meanwhile, increased by 7.3%, with all operating countries contributing positively on a year-over-year basis except Brazil. Growth was supported by mid- to high-single-digit increases in Uruguay, Argentina, Italy, and Ecuador, as well as double-digit growth in Armenia, despite traffic being partially affected by disruptions related to the conflict in Iran, which resulted in flight cancellations and airspace restrictions across the region.

 

In Argentina, total passenger traffic decreased by 5.7% year over year in May, as growth in international traffic was more than offset by a decline in domestic traffic volumes. Domestic traffic declined by 12.2% year over year, mainly driven by reduced capacity at Flybondi, which operated only three aircraft during the month, and JetSMART, which experienced lower activity due to scheduled maintenance. This was partially offset by increased activity from Aerolíneas Argentinas. The top three domestic destinations were Córdoba, Mendoza and Iguazú. International traffic remained robust, increasing by 7.2% year over year, supported by strong performance at Córdoba Airport and increased capacity from LATAM Airlines, which recorded double-digit year-over-year growth. During May, Arajet announced a new Mendoza–Punta Cana route with three weekly frequencies, while Plus Ultra announced a new Madrid–Ezeiza route with two weekly frequencies, scheduled to commence operations on July 2. The top three international destinations in May were Santiago de Chile, São Paulo, and Madrid.

 

In Italy, passenger traffic increased by 5.6% year over year, reflecting growth across both the international and domestic segments. International traffic, which represented more than 80% of total passenger volumes, grew by 6.6%, supported by strong demand at both airports, led by Pisa International Airport. Domestic traffic also expanded, rising by 1.3%, with positive contributions from both Pisa and Florence airports.

 

In Brazil, total passenger traffic increased by 3.6% year over year. Domestic traffic, which accounted for almost 60% of total traffic, declined by 1.9% year over year, while transit passengers increased by a strong 14.7% year over year. Brasília International Airport continues to benefit from its position as a key secondary hub within the domestic network.

 

In Uruguay, total passenger traffic, predominantly international, increased by 7.0% year over year. Among other developments, Azul Linhas Aéreas Brasileiras recently launched a new Montevideo–Belo Horizonte route, operating two weekly frequencies.

 

In Ecuador, passenger traffic increased by 2.6% year over year despite ongoing security concerns. International traffic grew by 5.5%, reflecting strong demand on U.S. routes and increased frequencies operated by American Airlines, Avianca, and LATAM Airlines. Domestic traffic remained broadly stable, as elevated airfares continued to constrain travel demand.

 

In Armenia, passenger traffic increased by a strong 12.7% year over year, despite disruptions related to the conflict in Iran, which resulted in flight cancellations and airspace restrictions across the region. However, the impact was more limited than initially expected, with traffic from Western and Eastern Europe, Asia, and Russia supporting overall growth. The new Wizz Air base at Zvartnots International Airport, launched in late 2025, continued to support connectivity with Europe.

 

Cargo Volume and Aircraft Movements

 

Cargo volume, decreased by 2.7% year over year, as growth in Argentina and Armenia was more than offset by declines in Italy, Ecuador, Uruguay, and Brazil. By country, performance was as follows: Argentina (+3.4%), Armenia (+0.6%), Brazil (-2.1%), Italy (-10.8%), Ecuador (-17.7%), and Uruguay (-18.9%). Argentina, Brazil, and Ecuador accounted for nearly 80% of total cargo volumes in May.

 

Aircraft movements declined by 1.1% year over year, as positive contributions from Armenia, Italy, and Brazil were more than offset by declines in Ecuador, Argentina, and Uruguay. Performance by country was as follows: Armenia (+7.9%), Italy (+2.6%), Brazil (+2.2%), Uruguay (-0.8%), Argentina (-3.4%), and Ecuador (-4.4%). Argentina, Brazil, and Italy accounted for more than 80% of total aircraft movements in May.

 

Page 2 of 3

 

 

 

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

 

Passenger Traffic (thousands)  May'26   May'25   % Var.   YTD'26   YTD'25   % Var. 
Argentina  3,340   3,540   -5.7%  19,823   19,366   2.4%
Italy  1,034   979   5.6%  3,736   3,507   6.5%
Brazil  1,405   1,357   3.6%  6,981   6,414   8.8%
Uruguay  181   169   7.0%  1,046   1,013   3.2%
Ecuador  401   390   2.6%  2,050   1,926   6.4%
Armenia  527   468   12.7%  2,127   1,942   9.6%
TOTAL  6,888   6,903   -0.2%  35,762   34,169   4.7%

 

Cargo Volume (tons)                                    
Argentina   17,482     16,909     3.4 %   88,957     84,103     5.8 %
Italy   955     1,071     -10.8 %   4,416     5,344     -17.4 %
Brazil   5,434     5,553     -2.1 %   25,703     26,158     -1.7 %
Uruguay   2,780     3,427     -18.9 %   13,770     14,651     -6.0 %
Ecuador   2,815     3,420     -17.7 %   13,973     15,439     -9.5 %
Armenia   3,233     3,216     0.6 %   18,752     16,093     16.5 %
TOTAL   32,700     33,595     -2.7 %   165,571     161,787     2.3 %
                                     
Aircraft Movements                                    
Argentina   35,975     37,259     -3.4 %   196,791     195,577     0.6 %
Italy   9,225     8,995     2.6 %   33,358     31,717     5.2 %
Brazil   12,884     12,602     2.2 %   62,389     59,425     5.0 %
Uruguay   2,461     2,480     -0.8 %   15,338     15,387     -0.3 %
Ecuador   6,108     6,390     -4.4 %   31,296     32,020     -2.3 %
Armenia   3,885     3,600     7.9 %   15,886     15,168     4.7 %
TOTAL   70,538     71,326     -1.1 %   355,058     349,294     1.7 %

 

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

 

Page 3 of 3

 

Source: View Original Filing on SEC EDGAR

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