🇺🇸 SECCORPORACION AMERICA AIRPORTS S.A.Doubao · 实盘不做把握 7/10不做原因:证据不足
北京时间·🕒 发布 20:31:50·⟳ 抓取 20:32:21 +31s·⚡ 决策 10-16 20:33:43 +1m22s·11.3 天前
CAAP公布2026年9月客流同比增3.4%,国际客流增7.2%,属常规月度运营数据
6-K附件为公司每月例行发布的运营流量数据(passenger traffic press release),非盈利、指引、合同或资本动作;+3.4%总客流、国际+7.2%为温和正面但无一致预期对照、无收入/利润量化,属低市场关注度经营KPI,不足以支撑盘前入场的正期望交易。
📄 原文CORPORACION AMERICA AIRPORTS S.A.↗ 原文
----- tm2627686d1_6k.htm ----- 6-K 1 tm2627686d1_6k.htm FORM 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washi…
不做 Corporación América Airports(CAAP.US)
每月例行的客流运营数据,+3.4%温和且无一致预期surprise、无收入/指引量化,巴西国内仍-8.6%,盘前无可交易的非连续催化,不具短线edge。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
结论摘要
CAAP月度客流报告显示9月总客流同比+3.4%、国际+7.2%,方向正面但为每月固定披露的运营数据,幅度温和、无盈利指引surprise,短线催化强度不足,AVOID。
🔎 新鲜度:最早出现 2026-10-16 · 扩散 low · price-in 风险 low ↗
关键理由
- 国际客流+7.2%、YTD+2.5%延续复苏,阿根廷长途近+10%且Flybondi退出后份额由在位航司吸收,基本面方向偏正
主要风险
- 巴西国内客流-8.6%、亚美尼亚货运-20.4%及厄瓜多尔安全压制需求,多国组合拖累整体仅温和增长
- 月度运营数据不含收入/费率/汇率与盈利,客流增速未必传导为EPS,且无一致预期基准判断surprise
反向证据
- 做多前查反向 · 来源 filing · 日期 2026-10-16 · 影响 weakens
同一披露内巴西总客流-1.7%、国内-8.6%,货运在意大利/乌拉圭/亚美尼亚均下滑,且文件未上调任何盈利指引,削弱单边做多强度。
检索:CAAP September 2026 traffic Brazil decline Flybondi guidance outlook 原文 ↗
先例如何影响了这次决策
对本次决策的影响:先例不足叠加事件本身为常规KPI,支持以证据薄、edge不足AVOID,不给出tp/sl。
方向:未构建先例面板:机场运营商月度客流披露属高常规、低surprise事件,缺乏与当前同市场同相位且锚定首发的可比交易样本。
涨幅量级:无高相似对齐先例,无法校准幅度,不用其它交通子板块数字替代。
形态:无足够样本判断见光死模式。
原文全文
展开原文 · 10,561 字
----- tm2627686d1_6k.htm -----
6-K
1
tm2627686d1_6k.htm
FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20546
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month
of October, 2026
Commission
File Number:
333-221916
Corporación
América Airports S.A.
(Name of Registrant)
128, Boulevard de la Pétrusse
L-2330 Luxembourg
Tel: +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: October 16, 2026
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 October 16, 2026 - Corporación América Airports S.A. Reports September 2026 Passenger Traffic.
----- tm2627686d1_ex99-1.htm -----
EX-99.1
2
tm2627686d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Corporación América
Airports S.A. Reports September 2026 Passenger Traffic
Total passenger
traffic up 3.4% YoY, up 1.7% YoY in Argentina
International passenger
traffic up 7.2% YoY; up 2.9% YoY in Argentina
Luxembourg,
October 16, 2026— Corporación América Airports S.A. (NYSE: CAAP),
(“CAAP” or the “Company”),
one of the world’s leading private airport operators, reported today a 3.4% year-on-year (YoY) increase in passenger traffic in
September 2026.
Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2026 vs. 2025)
Statistics
Sep'26
Sep'25
% Var.
YTD’26
YTD’25
% Var.
Domestic Passengers (thousands)
3,704
3,743
-1.0%
31,289
32,763
-4.5%
International Passengers (thousands)
3,185
2,971
7.2%
27,796
25,643
8.4%
Transit Passengers (thousands)
789
710
11.1%
6,888
5,963
15.5%
Total Passengers (thousands)
7,678
7,424
3.4%
65,973
64,369
2.5%
Cargo Volume (thousand tons)
33
33
0.8%
288
287
0.5%
Total Aircraft Movements (thousands)
74
74
0.0%
647
651
-0.7%
Monthly Passenger Traffic
Performance
(
In million PAX
)
Page
1
of
3
Passenger Traffic Overview
Total passenger traffic
increased by 3.4%
in September compared to the same month in 2025. Overall performance was supported by year-over-year growth across all countries except
Brazil, including double-digit growth in Armenia. Domestic traffic declined slightly by 1.0% year over year, as lower traffic in Brazil
was partially offset by positive contributions from Italy, Argentina, and Ecuador. International traffic increased by 7.2%, with all operating
countries posting year-over-year growth except Brazil, where international traffic accounts for less than 5% of total traffic.
In
Argentina
, total passenger traffic increased
1.7% year over year, reaching a record high for the month of September despite reduced capacity in the domestic segment. Domestic traffic
increased 0.6% year over year, reversing the declining trend observed over the previous seven months. Aerolíneas Argentinas and
JetSMART absorbed the capacity reduction following Flybondi’s complete suspension of operations in September. The top three domestic
destinations were Bariloche, Iguazú, and Córdoba, all with load factors ranging from 85% to 93%. International traffic increased
2.9% year over year, mainly supported by improved load factors. Long-haul traffic grew by nearly 10%, driven by increased capacity to
Europe and Miami. This growth was partly supported by LATAM’s Buenos Aires–Miami route, which was not operating in September
2025. In addition, Air France recorded its highest-ever monthly passenger traffic, operating nine weekly frequencies for the first time,
while LEVEL increased its frequency to eight weekly flights, compared with seven in September 2025. The top three international destinations
during the month were Santiago de Chile, São Paulo, and Madrid.
In
Italy
, passenger traffic increased 8.0%
year over year, driven by growth in both the international and domestic segments. International traffic, which accounted for more than
80% of total passenger traffic, rose 7.8%, supported by strong demand at both airports, with Pisa International Airport posting double-digit
growth. Meanwhile, domestic traffic increased 8.7% year over year, reflecting solid performance at both Florence and Pisa airports.
In
Brazil
, total passenger traffic decreased
by 1.7% year over year. Domestic traffic, which accounted for over 50% of total traffic, declined by 8.6% year over year, while transit
passengers increased by a strong 9.2% year over year. Among other developments, LATAM launched a new route connecting Brasília
and São José do Rio Preto, initially operating three weekly frequencies and increasing to daily service as of October 25,
2026. Brasília International Airport continues to benefit from its position as a key secondary hub within the domestic network.
In
Uruguay
, total passenger traffic, predominantly
international, increased 4.3% year over year. Regarding new developments, Azul announced the resumption of scheduled flights between Porto
Alegre and Montevideo in December, with two weekly frequencies. Meanwhile, Arajet announced a new nonstop route between Montevideo and
Punta Cana, scheduled to launch in March 2027 with three weekly frequencies, further expanding Uruguay’s international connectivity.
In
Ecuador
, passenger traffic increased
6.4% year over year, although ongoing security concerns continued to weigh on travel demand. International traffic rose 11.1%, supported
by strong demand on U.S. routes, the launch of new services by Avianca, JetBlue, and LATAM Airlines, and additional frequencies operated
by American Airlines. Meanwhile, domestic traffic increased 1.0% year over year, despite elevated airfares continuing to constrain demand.
In
Armenia
, passenger traffic increased
by a strong 18.7% year over year despite disruptions related to the conflict in Iran, which resulted in flight cancellations and airspace
restrictions across the region. However, the impact proved to be more limited than initially expected, as strong demand from Western and
Eastern Europe, Asia, and Russia continued to support overall traffic growth. In addition, Wizz Air recently announced the launch of three
new routes from Yerevan to Basel, Valencia, and Varna, starting in December 2026. With these additions, Wizz Air will offer service to
22 destinations from Yerevan, further strengthening the airport’s connectivity and supporting its growth outlook.
Cargo Volume and Aircraft Movements
Cargo volume
, increased by 0.8% year over
year, as positive contributions from Argentina and Brazil more than offset declines across the other countries of operation. By country,
performance was as follows: Brazil (+14.8%), Argentina (+3.2%), Italy (-10.6%), Uruguay (-5.6%), Ecuador (-0.5%), and Armenia (-20.4%).
Argentina, Brazil, and Armenia accounted for more than 80% of total cargo volume in September.
Aircraft movements
remained flat year over
year, as increases in Armenia, Ecuador, Uruguay, and Italy were offset by declines in Brazil and Argentina. Performance by country was
as follows: Armenia (+16.0%), Ecuador (+15.4%), Uruguay (+0.3%), Italy (+4.6%), Argentina (-3.5%), and Brazil (-3.9%). Argentina, Brazil,
and Italy accounted for more than 80% of total aircraft movements in September.
Page
2
of
3
Summary Passenger Traffic, Cargo Volume and Aircraft
Movements (2026 vs. 2025)
Sep'26
Sep'25
% Var.
YTD'26
YTD'25
% Var.
Passenger Traffic (thousands)
Argentina
3,938
3,872
1.7%
34,624
34,935
-0.9%
Italy
1,072
993
8.0%
8,079
7,647
5.7%
Brazil
1,441
1,466
-1.7%
12,931
12,210
5.9%
Uruguay
191
184
4.3%
1,763
1,708
3.2%
Ecuador
380
357
6.4%
3,662
3,534
3.6%
Armenia
656
553
18.7%
4,914
4,336
13.3%
TOTAL
7,678
7,424
3.4%
65,973
64,369
2.5%
Cargo Volume (tons)
Argentina
17,758
17,213
3.2%
155,907
149,512
4.3%
Italy
937
1,048
-10.6%
8,016
9,399
-14.7%
Brazil
6,068
5,285
14.8%
45,995
46,463
-1.0%
Uruguay
2,578
2,731
-5.6%
24,240
25,590
-5.3%
Ecuador
2,552
2,566
-0.5%
24,864
26,601
-6.5%
Armenia
3,034
3,813
-20.4%
29,033
29,083
-0.2%
TOTAL
32,928
32,656
0.8%
288,055
286,647
0.5%
Aircraft Movements
Argentina
38,554
39,955
-3.5%
343,354
355,266
-3.4%
Italy
9,313
8,907
4.6%
71,672
68,971
3.9%
Brazil
12,794
13,317
-3.9%
114,183
111,722
2.2%
Uruguay
2,295
2,289
0.3%
24,249
24,287
-0.2%
Ecuador
6,565
5,689
15.4%
57,953
58,361
-0.7%
Armenia
4,634
3,995
16.0%
35,272
32,365
9.0%
TOTAL
74,155
74,152
0.0%
646,683
650,972
-0.7%
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.
Investor Relations Contact
Patricio Iñaki Esnaola
Email:
patricio.esnaola@caairports.com
Phone: +5411 4899-6716
Page
3
of
3
6-K
1
tm2627686d1_6k.htm
FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20546
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month
of October, 2026
Commission
File Number:
333-221916
Corporación
América Airports S.A.
(Name of Registrant)
128, Boulevard de la Pétrusse
L-2330 Luxembourg
Tel: +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: October 16, 2026
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 October 16, 2026 - Corporación América Airports S.A. Reports September 2026 Passenger Traffic.
----- tm2627686d1_ex99-1.htm -----
EX-99.1
2
tm2627686d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Corporación América
Airports S.A. Reports September 2026 Passenger Traffic
Total passenger
traffic up 3.4% YoY, up 1.7% YoY in Argentina
International passenger
traffic up 7.2% YoY; up 2.9% YoY in Argentina
Luxembourg,
October 16, 2026— Corporación América Airports S.A. (NYSE: CAAP),
(“CAAP” or the “Company”),
one of the world’s leading private airport operators, reported today a 3.4% year-on-year (YoY) increase in passenger traffic in
September 2026.
Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2026 vs. 2025)
Statistics
Sep'26
Sep'25
% Var.
YTD’26
YTD’25
% Var.
Domestic Passengers (thousands)
3,704
3,743
-1.0%
31,289
32,763
-4.5%
International Passengers (thousands)
3,185
2,971
7.2%
27,796
25,643
8.4%
Transit Passengers (thousands)
789
710
11.1%
6,888
5,963
15.5%
Total Passengers (thousands)
7,678
7,424
3.4%
65,973
64,369
2.5%
Cargo Volume (thousand tons)
33
33
0.8%
288
287
0.5%
Total Aircraft Movements (thousands)
74
74
0.0%
647
651
-0.7%
Monthly Passenger Traffic
Performance
(
In million PAX
)
Page
1
of
3
Passenger Traffic Overview
Total passenger traffic
increased by 3.4%
in September compared to the same month in 2025. Overall performance was supported by year-over-year growth across all countries except
Brazil, including double-digit growth in Armenia. Domestic traffic declined slightly by 1.0% year over year, as lower traffic in Brazil
was partially offset by positive contributions from Italy, Argentina, and Ecuador. International traffic increased by 7.2%, with all operating
countries posting year-over-year growth except Brazil, where international traffic accounts for less than 5% of total traffic.
In
Argentina
, total passenger traffic increased
1.7% year over year, reaching a record high for the month of September despite reduced capacity in the domestic segment. Domestic traffic
increased 0.6% year over year, reversing the declining trend observed over the previous seven months. Aerolíneas Argentinas and
JetSMART absorbed the capacity reduction following Flybondi’s complete suspension of operations in September. The top three domestic
destinations were Bariloche, Iguazú, and Córdoba, all with load factors ranging from 85% to 93%. International traffic increased
2.9% year over year, mainly supported by improved load factors. Long-haul traffic grew by nearly 10%, driven by increased capacity to
Europe and Miami. This growth was partly supported by LATAM’s Buenos Aires–Miami route, which was not operating in September
2025. In addition, Air France recorded its highest-ever monthly passenger traffic, operating nine weekly frequencies for the first time,
while LEVEL increased its frequency to eight weekly flights, compared with seven in September 2025. The top three international destinations
during the month were Santiago de Chile, São Paulo, and Madrid.
In
Italy
, passenger traffic increased 8.0%
year over year, driven by growth in both the international and domestic segments. International traffic, which accounted for more than
80% of total passenger traffic, rose 7.8%, supported by strong demand at both airports, with Pisa International Airport posting double-digit
growth. Meanwhile, domestic traffic increased 8.7% year over year, reflecting solid performance at both Florence and Pisa airports.
In
Brazil
, total passenger traffic decreased
by 1.7% year over year. Domestic traffic, which accounted for over 50% of total traffic, declined by 8.6% year over year, while transit
passengers increased by a strong 9.2% year over year. Among other developments, LATAM launched a new route connecting Brasília
and São José do Rio Preto, initially operating three weekly frequencies and increasing to daily service as of October 25,
2026. Brasília International Airport continues to benefit from its position as a key secondary hub within the domestic network.
In
Uruguay
, total passenger traffic, predominantly
international, increased 4.3% year over year. Regarding new developments, Azul announced the resumption of scheduled flights between Porto
Alegre and Montevideo in December, with two weekly frequencies. Meanwhile, Arajet announced a new nonstop route between Montevideo and
Punta Cana, scheduled to launch in March 2027 with three weekly frequencies, further expanding Uruguay’s international connectivity.
In
Ecuador
, passenger traffic increased
6.4% year over year, although ongoing security concerns continued to weigh on travel demand. International traffic rose 11.1%, supported
by strong demand on U.S. routes, the launch of new services by Avianca, JetBlue, and LATAM Airlines, and additional frequencies operated
by American Airlines. Meanwhile, domestic traffic increased 1.0% year over year, despite elevated airfares continuing to constrain demand.
In
Armenia
, passenger traffic increased
by a strong 18.7% year over year despite disruptions related to the conflict in Iran, which resulted in flight cancellations and airspace
restrictions across the region. However, the impact proved to be more limited than initially expected, as strong demand from Western and
Eastern Europe, Asia, and Russia continued to support overall traffic growth. In addition, Wizz Air recently announced the launch of three
new routes from Yerevan to Basel, Valencia, and Varna, starting in December 2026. With these additions, Wizz Air will offer service to
22 destinations from Yerevan, further strengthening the airport’s connectivity and supporting its growth outlook.
Cargo Volume and Aircraft Movements
Cargo volume
, increased by 0.8% year over
year, as positive contributions from Argentina and Brazil more than offset declines across the other countries of operation. By country,
performance was as follows: Brazil (+14.8%), Argentina (+3.2%), Italy (-10.6%), Uruguay (-5.6%), Ecuador (-0.5%), and Armenia (-20.4%).
Argentina, Brazil, and Armenia accounted for more than 80% of total cargo volume in September.
Aircraft movements
remained flat year over
year, as increases in Armenia, Ecuador, Uruguay, and Italy were offset by declines in Brazil and Argentina. Performance by country was
as follows: Armenia (+16.0%), Ecuador (+15.4%), Uruguay (+0.3%), Italy (+4.6%), Argentina (-3.5%), and Brazil (-3.9%). Argentina, Brazil,
and Italy accounted for more than 80% of total aircraft movements in September.
Page
2
of
3
Summary Passenger Traffic, Cargo Volume and Aircraft
Movements (2026 vs. 2025)
Sep'26
Sep'25
% Var.
YTD'26
YTD'25
% Var.
Passenger Traffic (thousands)
Argentina
3,938
3,872
1.7%
34,624
34,935
-0.9%
Italy
1,072
993
8.0%
8,079
7,647
5.7%
Brazil
1,441
1,466
-1.7%
12,931
12,210
5.9%
Uruguay
191
184
4.3%
1,763
1,708
3.2%
Ecuador
380
357
6.4%
3,662
3,534
3.6%
Armenia
656
553
18.7%
4,914
4,336
13.3%
TOTAL
7,678
7,424
3.4%
65,973
64,369
2.5%
Cargo Volume (tons)
Argentina
17,758
17,213
3.2%
155,907
149,512
4.3%
Italy
937
1,048
-10.6%
8,016
9,399
-14.7%
Brazil
6,068
5,285
14.8%
45,995
46,463
-1.0%
Uruguay
2,578
2,731
-5.6%
24,240
25,590
-5.3%
Ecuador
2,552
2,566
-0.5%
24,864
26,601
-6.5%
Armenia
3,034
3,813
-20.4%
29,033
29,083
-0.2%
TOTAL
32,928
32,656
0.8%
288,055
286,647
0.5%
Aircraft Movements
Argentina
38,554
39,955
-3.5%
343,354
355,266
-3.4%
Italy
9,313
8,907
4.6%
71,672
68,971
3.9%
Brazil
12,794
13,317
-3.9%
114,183
111,722
2.2%
Uruguay
2,295
2,289
0.3%
24,249
24,287
-0.2%
Ecuador
6,565
5,689
15.4%
57,953
58,361
-0.7%
Armenia
4,634
3,995
16.0%
35,272
32,365
9.0%
TOTAL
74,155
74,152
0.0%
646,683
650,972
-0.7%
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.
Investor Relations Contact
Patricio Iñaki Esnaola
Email:
patricio.esnaola@caairports.com
Phone: +5411 4899-6716
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