CAAP Reports 8.5% YoY Increase in November Passenger Traffic
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 17 2025
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Source: Newsfilter
- Traffic Growth: In November 2025, CAAP reported an 8.5% year-on-year increase in total passenger traffic, reaching 17,138 thousand, indicating strong performance in the global aviation market recovery, particularly driven by Argentina.
- International Flight Performance: International passenger traffic rose by 12.3% year-on-year, with Argentina's international traffic growing by 12.8%, demonstrating the company's increasing competitiveness in the international market and its ability to attract more travelers.
- Domestic Market Recovery: Argentina's domestic passenger traffic increased by 4.4% to 3,824 thousand, supported by airlines increasing flight frequencies and high load factors, reflecting a resurgence in domestic travel demand.
- Slight Cargo Volume Decline: Although total cargo volume decreased by 0.6% year-on-year, Argentina's cargo volume grew by 9.4%, indicating strong demand in the cargo market, which may support future revenue growth for the company.
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About CAAP
Corporacion America Airports SA is a focused on acquiring, developing and operating airport concessions. It operates approximately 52 airports globally in Latin America, Europe and Eurasia. The Company’s airports are located in Argentina, Italy, Brazil, Uruguay, Ecuador, Armenia, and Peru. The Company’s Argentine provinces serves metropolitan areas in several Argentine provinces, such as Buenos Aires, Cordoba and Mendoza and the city of Buenos Aires, tourist destinations, such as Bariloche, Mar del Plata and Iguazu, regional centers, such as Cordoba, Santa Rosa, San Luis, San Juan, La Rioja, Santiago del Estero and Catamarca and border province cities, such as Mendoza, Iguazu, Salta and Bariloche.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
CAAP Signs Addendum for Seymour Airport Concession in Ecuador
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- Concession Terms Adjusted: The agreement includes adjustments to airport charges, an extension of the concession term, and the rescheduling of investment commitments, designed to enhance financial stability and support future development of the airport.
- Sustainability Achievements: Since 2017, Seymour Airport has achieved carbon-neutral operations and recently received Level 4+ certification under the Airport Carbon Accreditation program, demonstrating CAAP's ongoing commitment to sustainability and operational excellence.
- Passenger Growth Forecast: By 2025, CAAP is expected to serve 86.7 million passengers, a 9.8% increase from 79.0 million in 2024, reflecting the company's strong recovery and growth potential in the Latin American and European markets.

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CAAP Extends Concession Agreement for Galápagos Airport
- Concession Term Extension: CAAP's subsidiary Ecogal has signed an addendum extending the concession term for Seymour Airport by six years until December 31, 2032, thereby ensuring future economic equilibrium.
- Airport Charge Adjustment: The Terminal Use Charge will increase by $5.20 per passenger to $31.18, which is expected to enhance the company's revenue stream through annual adjustments.
- Investment Program Implementation: Ecogal plans to conduct a runway condition assessment in 2029, with a maximum investment of $4 million for repaving if necessary, ensuring the long-term sustainability and safety of airport facilities.
- Economic Equilibrium Mechanism: The agreement includes provisions for a biennial review of economic balance, allowing for renegotiation of terms in case of force majeure, thus maintaining the economic stability of the concession.

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