6-K
CORPORACION AMERICA AIRPORTS S.A. (CAAP)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20546
FORM 6-K
REPORTOF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDERTHE SECURITIES EXCHANGE ACT OF 1934
For the month of December, 2025
Commission File Number: 333-221916
Corporación América Airports S.A.
(Name of Registrant)
128, Boulevardde la PétrusseL-2330 LuxembourgTel: +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: December 17, 2025
| 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 December 17, 2025 - Corporación América Airports S.A. Reports November 2025 Passenger Traffic. |
Exhibit 99.1
Corporación AméricaAirports S.A. Reports November 2025 Passenger Traffic
Total passenger traffic up 8.5% YoY, up 7.4% YoY in Argentina
International passenger traffic up 12.3% YoY; up 12.8% YoY in Argentina
Luxembourg,December 17, 2025— Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”), one of the leading private airport operators in the world, reported today an 8.5% year-on-year (YoY) increase in passenger traffic in November 2025.
| Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2025 vs. 2024) | ||||||
|---|---|---|---|---|---|---|
| Statistics | Nov'25 | Nov'24 | % Var. | YTD’25 | YTD'24 | % Var. |
| Domestic Passengers (thousands) | 3,824 | 3,663 | 4.4% | 40,512 | 37,224 | 8.8% |
| International Passengers (thousands) | 2,645 | 2,355 | 12.3% | 31,283 | 28,203 | 10.9% |
| Transit Passengers (thousands) | 669 | 558 | 19.8% | 7,342 | 6,588 | 11.4% |
| **Total Passengers (**thousands)^1^ | 7,138 | 6,576 | 8.5% | 79,136 | 72,015 | 9.9% |
| **Cargo Volume (**thousand tons) | 39.7 | 40.0 | -0.6% | 365.6 | 358.6 | 2.0% |
| **Total Aircraft Movements (**thousands) | 72.0 | 68.6 | 5.0% | 799.6 | 750.4 | 6.6% |
^1^ Following the friendly termination process concluded in February 2024, CAAP no longer operates Natal airport. Statistics for Natal are available up to February 18, 2024. Excluding Natal for comparison purposes, total passenger traffic YTD was up 10.5%.
Monthly Passenger Traffic Performance
(In million PAX)
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Passenger Traffic Overview
Totalpassenger traffic increased by 8.5% in November compared to the same month in 2024. Domestic passenger traffic rose by 4.4% YoY, largely driven by Argentina, Brazil, and Ecuador. Meanwhile, international traffic grew by 12.3%, with all operating countries contributing positively on a YoY basis except Ecuador, including double-digit growth in Argentina, Armenia, Italy, and Brazil. Notably, Argentina accounted for 50% of the total YoY traffic growth in November.
In Argentina, total passenger traffic increased by 7.4% YoY, driven by strong performance across both the international and domestic segments. Domestic traffic grew by 3.6% YoY, supported by higher load factors exceeding 90% on most key domestic routes. In November, Aerolíneas Argentinas resumed its service to Río Cuarto, Córdoba, while JetSMART and Flybondi increased frequencies on their Buenos Aires–Resistencia and Buenos Aires–San Juan routes, respectively. International traffic also remained solid, rising 12.8% YoY, supported by several developments, including Arajet’s increase from 10 to 13 weekly flights during the summer season on its Buenos Aires–Punta Cana route. Additionally, Delta introduced a second frequency on the Atlanta–Buenos Aires route, to be operated during the 2025/2026 summer season, while Copa reached daily service on its Mendoza–Panama route, and LEVEL increased to 12 weekly flights on its Buenos Aires–Barcelona route.
In Italy, passenger traffic grew by 10.4% compared to the same month in 2024. International passenger traffic, which accounted for nearly 80% of total traffic, rose a strong 16.3% YoY, driven by double-digit growth at both Florence and Pisa airports. Domestic passenger traffic declined by 6.1% YoY, reflecting a decrease in aircraft movements, partly due to Airbus A320 technical issues that led to flight cancellations at some airlines.
In Brazil, total passenger traffic increased by 10.8% YoY, reflecting an improvement in traffic trends despite ongoing challenges in the aviation environment. Domestic traffic, which accounted for almost 60% of total traffic, rose by 8.1% YoY, while transit passengers increased by 14.4% YoY. Notably, although representing a small share of total traffic (5%), international traffic grew by 18.3% YoY.
In Uruguay, total passenger traffic, predominantly international, increased by 7.5% YoY. Among other developments, traffic in November benefited from the addition of two weekly frequencies by SKY Airlines on its Santiago de Chile route, while Punta del Este Airport anticipates a strong peak season, with GOL and Aerolíneas Argentinas increasing their services.
In Ecuador, where security concerns persist, passenger traffic increased by 2.7% YoY. International traffic declined by 1.4% YoY, while domestic traffic increased by 7.6% YoY. High airfares continued to weigh on travel demand.
In Armenia, passenger traffic increased by a strong 15.9% YoY, supported by the introduction of new airlines and routes, as well as increased flight frequencies. In October, Wizz Air launched a new base at Yerevan’s Zvartnots Airport, deploying two aircraft and adding eight new direct routes to Europe.
Cargo Volume and Aircraft Movements
Cargovolume decreased slightly by 0.6% YoY, with negative YoY contributions from all countries of operations, except for Argentina. Performance by country was as follows: Argentina (+9.4%), Brazil (-24.1%), Italy (-10.1%), Armenia (-9.3%), Uruguay (-4.5%), and Ecuador (-3.2%). Argentina, Brazil, and Armenia accounted for over 80% of total cargo volume in November.
Aircraftmovements increased by 5.0% YoY, with positive contributions from all countries of operation, except Ecuador: Uruguay (+15.1%), Brazil (+9.5%), Armenia (+7.9%), Italy (+7.6%), Argentina (+3.8%), and Ecuador (-3.0%). Argentina, Brazil, and Ecuador accounted for more than 80% of total aircraft movements in November.
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Summary Passenger Traffic, Cargo Volume and AircraftMovements (2025 vs. 2024)
| Nov'25 | Nov'24 | % Var. | YTD'25 | YTD'24 | % Var. | |
|---|---|---|---|---|---|---|
| Passenger Traffic (thousands) | ||||||
| Argentina | 4,075 | 3,793 | 7.4% | 43,040 | 38,051 | 13.1% |
| Italy | 612 | 554 | 10.4% | 9,190 | 8,473 | 8.5% |
| Brazil ^(1)^ | 1,444 | 1,303 | 10.8% | 15,187 | 14,210 | 6.9% |
| Uruguay | 190 | 176 | 7.5% | 2,094 | 2,041 | 2.6% |
| Ecuador | 391 | 381 | 2.7% | 4,317 | 4,294 | 0.5% |
| Armenia | 427 | 368 | 15.9% | 5,308 | 4,946 | 7.3% |
| TOTAL | 7,138 | 6,576 | 8.5% | 79,136 | 72,015 | 9.9% |
| (1) | Following the friendly termination process concluded in February 2024, CAAP no longer operates Natal<br>airport. Statistics for Natal are available up to February 18, 2024. Excluding Natal for comparison purposes, total passenger traffic<br>YTD was up 10.5% for CAAP and 9.7% for Brazil. | |||||
| --- | --- | |||||
| Cargo Volume (tons) | ||||||
| --- | --- | --- | --- | --- | --- | --- |
| Argentina | 23,704 | 21,667 | 9.4% | 194,430 | 186,287 | 4.4% |
| Italy | 1,051 | 1,170 | -10.1% | 11,639 | 11,896 | -2.2% |
| Brazil | 4,653 | 6,130 | -24.1% | 56,655 | 59,963 | -5.5% |
| Uruguay | 3,122 | 3,269 | -4.5% | 32,248 | 29,241 | 10.3% |
| Ecuador | 3,032 | 3,131 | -3.2% | 32,570 | 34,024 | -4.3% |
| Armenia | 4,183 | 4,611 | -9.3% | 38,102 | 37,185 | 2.5% |
| TOTAL | 39,745 | 39,977 | -0.6% | 365,643 | 358,596 | 2.0% |
| <br><br> <br><br><br> <br>Aircraft Movements | ||||||
| Argentina | 41,373 | 39,873 | 3.8% | 437,724 | 407,025 | 7.5% |
| Italy | 5,554 | 5,161 | 7.6% | 83,203 | 77,074 | 8.0% |
| Brazil | 12,585 | 11,490 | 9.5% | 137,768 | 131,326 | 4.9% |
| Uruguay | 3,092 | 2,687 | 15.1% | 30,023 | 28,878 | 4.0% |
| Ecuador | 6,193 | 6,387 | -3.0% | 71,440 | 69,627 | 2.6% |
| Armenia | 3,219 | 2,984 | 7.9% | 39,435 | 36,446 | 8.2% |
| TOTAL | 72,016 | 68,582 | 5.0% | 799,593 | 750,376 | 6.6% |
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 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.
Investor Relations Contact
Patricio Iñaki Esnaola
Email: patricio.esnaola@caairports.com
Phone: +5411 4899-6716
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