Goldman Sachs
May 21, 2026
Corporacion America Airports April Traffic Update
Market ReportEquitiesIndustrials
Corporacion America Airports reported a 3% YoY increase in total traffic for April, with strong international growth (+8%) offsetting a decline in domestic passengers (-4%).
Key Takeaways
- 1.Total airport traffic increased by 3% YoY in April 2026, driven primarily by international passenger growth.
- 2.Domestic traffic saw a 4% decline, largely due to capacity reductions in the Argentinian market.
- 3.Geographic performance was varied with Armenia (+9%), Italy (+6%), and Brazil (+5%) showing growth, while Argentina remained flat.
Table of Contents
- Corporacion America Airports S.A. (CAAP): April traffic +3% YoY
- Valuation and key risks
- Disclosure Appendix
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Authors
Joao Frizo, CFABruno Amorim, CFA
Securities
CAAP
Themes
Airport Traffic SeasonalityAirline Capacity Trends
Regions
Latin AmericaEuropeArgentinaBrazilItaly
