Total passenger traffic up 6.7% YoY in February
International passenger traffic up 14.1% YoY in February; up 17.8% YoY in Argentina
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.
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Monthly Passenger Traffic Performance (In million PAX)
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% | |
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.
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.
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Contacts:
Investor Relations Contact
Patricio Iñaki Esnaola
Email: patricio.esnaola@caairports.com
Phone: +5411 4899-6716
