Corporación América Airports S.A. Reports April 2025 Passenger Traffic

LUXEMBOURG--(BUSINESS WIRE)--May 16, 2025--

Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”), one of the leading private airport operators in the world, reported today a 14.0% year-on-year (YoY) increase in passenger traffic in April 2025.

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Passenger Traffic Overview

Total passenger traffic increased by 14.0% in April compared to the same month in 2024. Domestic passenger traffic rose by 13.5% year-over-year (YoY), largely driven by a recovery in Argentina, as well as strong performances in Brazil and Italy. Meanwhile, international traffic grew by 14.1%, with all operating countries contributing positively YoY — except Ecuador — and with particularly strong performances in Brazil, Uruguay, and Italy. Notably, Argentina accounted for over 60% of the total traffic growth in April.

In Argentina, total passenger traffic increased by 16.4% YoY, primarily driven by the ongoing recovery in domestic traffic, which rose by 13.9% YoY — marking two consecutive months of double-digit growth. JetSMART, which recently introduced the Aeroparque-Resistencia and Aeroparque-Trelew routes, continued to gain market share and is currently the second-largest domestic operator. During April, Aerolíneas Argentinas resumed its Salta-Rosario and Neuquén-Rosario routes, while Andes Líneas Aéreas incorporated two Boeing 737-700 aircraft into its fleet. International passenger traffic also remained strong, increasing by a solid 21.1% YoY. JetSMART increased the frequency of its Buenos Aires–Asunción route, while GOL resumed operations between Córdoba and São Paulo and announced it will offer daily flights between Buenos Aires and Brasília. Also in April, SKY inaugurated its Buenos Aires–Salvador de Bahía route, and Arajet increased frequencies on its Buenos Aires–Punta Cana route.

In Italy, passenger traffic grew by 11.2% compared to the same month in 2024, mainly supported by an increase in flight frequencies by Ryanair. International passenger traffic — which accounted for over 80% of total traffic — rose by 10.3% YoY, driven by a 13.2% increase at Florence Airport and an 8.3% increase at Pisa Airport. Domestic passenger traffic grew by 15.0% YoY, driven by a robust performance at Pisa Airport.

In Brazil, total passenger traffic increased by a solid 16.8% YoY, reflecting an improvement in traffic trends despite the still challenging aviation environment and aircraft constraints in the country. Domestic traffic, which accounted for nearly 60% of total traffic, rose by 16.2% YoY, while transit passengers increased by 12.8% YoY.

In Uruguay, total passenger traffic — predominantly international — rose by 17.1% YoY, benefiting from additional demand generated by the Easter holiday. In March, Azul Linhas Aéreas announced a new direct route between Montevideo and Campinas, with five weekly flights. This new connection will help strengthen ties between Uruguay and Brazil, facilitating passenger flow and promoting the development of new commercial and tourism opportunities.

In Ecuador, where security concerns persist, passenger traffic decreased by 1.8% YoY. International traffic declined by 3.3% YoY, mainly due to reduced operations to the U.S., while domestic traffic decreased slightly by 0.6% YoY, impacted by high airfares that have dampened travel demand.

In Armenia, passenger traffic increased by 7.8% YoY. Travel demand has benefited from the introduction of new airlines and routes, as well as increased flight frequencies. Wizz Air recently announced the opening of a new base at Yerevan’s Zvartnots Airport, with two aircraft and eight new direct routes to Europe.

Cargo Volume and Aircraft Movements

Cargo volume decreased by 2.3% compared to the same month in 2024, mainly due to volume reductions in Uruguay and Ecuador. Performance by country was as follows: Argentina (-0.5%), Uruguay (-14.2%), Italy (-1.0%), Armenia (+7.8%), Brazil (+2.4%), and Ecuador (-17.6%). Argentina, Brazil, and Armenia accounted for 80% of the total cargo volume in April.

Aircraft movements increased by 11.3% YoY, with positive contributions from all countries of operation: Argentina (+13.4%), Uruguay (+23.1%), Italy (+7.0%), Armenia (+10.8%), Brazil (+7.9%), and Ecuador (+6.5%). Argentina, Brazil, and Italy accounted for more than 80% of total aircraft movements in April.

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 2024, Corporación América Airports served 79.0 million passengers, 2.7% (or 0.4% excluding Natal) below the 81.1 million passengers served in 2023, and 6.2% below the 84.2 million served in 2019. 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.

Monthly Passenger Traffic Performance (In million PAX)

LANSING, Mich. (AP) — Michigan Lt. Gov. Garlin Gilchrist II announced Monday he is suspending his campaign for governor and instead joining the race for secretary of state of the battleground state.

Gilchrist, a progressive Democrat from Detroit, did not cite a specific reason for the change in his video announcement, but said he is not finished being a “public servant.” His departure clears up the Democratic primary and benefits the frontrunner, Jocelyn Benson, who is the current Secretary of State, in the race to replace term-limited Gov. Gretchen Whitmer.

The secretary of state is Michigan's top election official, a highly politicized and visible role since the 2020 presidential election.

“Michigan has been ground zero in the battle for free and fair elections before, and it will be again,” Gilchrist said.

As Whitmer’s second in command and her running mate in two elections, Gilchrist struggled to match Benson’s name recognition and fundraising. He reported having around $378,000 of cash on hand as of October compared to Benson’s $2.98 million.

Benson is now set to face only Genesee County Sheriff Chris Swanson in the Democratic primary in August.

The inclusion of a well-known independent candidate has created a new problem for Democrats this year. Former Detroit Mayor Mike Duggan is avoiding costly primaries altogether by running as an independent. The Michigan Democratic Party slammed the former Democrat last week for not standing up to President Donald Trump’s second term policies.

In the Republican primary, U.S. Rep. John James, former Michigan Attorney General Mike Cox, state Senate Leader Aaric Nesbitt and former Michigan House speaker Tom Leonard are jockeying for the nomination.

In his bid to become secretary of state, Gilchrist will face four other Democrats: Barb Byrum, Ingham County clerk; Aghogho Edevbie, deputy secretary of state; Suzanna Shkreli, a former Whitmer aide and commissioner of the Michigan State Lottery; and Adam Hollier, a former state senator from Detroit.

Michigan does not hold primary elections for the secretary of state position; the nominee is chosen by precinct delegates during party conventions. The Michigan Democratic Party convention is scheduled for April 19.

State Republicans plan to hold their nominating convention March 28 and GOP figures chasing the party's nomination for secretary of state include Anthony Forlini, Macomb County Clerk, and Monica Yatooma, an Oakland County executive.

In addition to the office of the governor and secretary of state, Michigan voters will be selecting a new state attorney general and a U.S. senator in November.

FILE - Michigan Lt. Gov. Garlin Gilchrist II waits before the State of the State address, Wednesday, Jan. 24, 2024, at the state Capitol in Lansing, Mich. (AP Photo/Al Goldis, file)