# CORPORACION AMERICA AIRPORTS S.A.

Summary updated: 2026-10-02T13:32:56.363218Z
Canonical: https://finbar.com/research/companies/corporacion-america-airports-s-a

## Overview

Corporación América Airports S.A. is an airport operator and concessionaire in the transportation infrastructure sector. It operates and develops airports, providing aeronautical services and commercial offerings to passengers and airlines, with construction services also contributing to its business. [1](https://app.finbar.com/go?id=P148331642)

The company’s stated footprint comprises 52 airports across six countries: Argentina, Brazil, Uruguay, Ecuador, Armenia and Italy. Its operations include international, domestic and tourist-destination airports; Argentina is its largest market, where it operates 37 airports in the national airport system. [1](https://app.finbar.com/go?id=P148331642) [2](https://app.finbar.com/go?id=P148331672)

For the year ended December 31, 2025—the latest annual reporting year identified in this research—Corporación América Airports reported US$1.96 billion in consolidated revenue and served 86.7 million passengers. The company describes its strategic purpose in terms of sustainable growth and positive societal impact. [3](https://app.finbar.com/go?id=P148331667) [4](https://www.caap.aero/who-we-are/)
[1](https://app.finbar.com/go?id=P148331642)[2](https://app.finbar.com/go?id=P148331672)[3](https://app.finbar.com/go?id=P148331667)[4](https://www.caap.aero/who-we-are/)[4](https://www.caap.aero/who-we-are/)

## Products & services

CAAP’s airport services include aeronautical fees charged for passenger use and aircraft landing and parking. In Argentina, its published maximum departing-passenger fees vary by airport category: international fees range from US$37.97 to US$57.00, while domestic fees range from AR$3,472 to AR$5,685. Aircraft landing charges also vary by category and weight; for aircraft in the 2–12-ton class, the maximum international charge ranges from US$9.99 to US$29.32 per ton. [5](https://app.finbar.com/go?id=P148332006)[6](https://app.finbar.com/go?id=P148332015)

Its commercial services include cargo warehousing and related cargo handling, duty-free and other retail, food and beverage, car parking, hangars, advertising, fuel, airport-counter services, VIP lounges, space rental and retailer royalties, as well as telecommunications, car rentals and other passenger services. The company also reports construction services as a separate revenue classification. [7](https://app.finbar.com/go?id=P148331652)[8](https://app.finbar.com/go?id=P148332916)

For 2025, the company’s revenue classification corresponds to approximately 47.6% aeronautical revenue, 41.4% commercial revenue, 10.5% construction services and 0.4% other revenue; individual commercial offerings are not broken out as percentages. [8](https://app.finbar.com/go?id=P148332916)
[5](https://app.finbar.com/go?id=P148332006)[6](https://app.finbar.com/go?id=P148332015)[7](https://app.finbar.com/go?id=P148331652)[8](https://app.finbar.com/go?id=P148332916)[9](https://www.sec.gov/Archives/edgar/data/1717393/000110465926029442/caap-20251231x20f.htm)

## Geographic presence

As of the FY2025 reporting year, Corporación América Airports operated 52 airports in six countries: Argentina, Brazil, Uruguay, Ecuador, Armenia and Italy, across Latin America, Europe and Eurasia. Disclosed airport examples include Ezeiza and Aeroparque in Buenos Aires, Bariloche and Iguazú in Argentina; Brasília in Brazil; Galápagos Ecological Airport in Ecuador; Florence and Pisa in Italy; Zvartnots in Yerevan and Shirak in Armenia; and Carrasco in Montevideo and Punta del Este in Uruguay. [10](https://app.finbar.com/go?id=P148331640)[1](https://app.finbar.com/go?id=P148331642) [11](https://www.caap.aero/airports/)

FY2025 revenue was geographically concentrated in Argentina, which contributed US$1,069.5 million, or 54.5% of consolidated revenue. The remaining country contributions were Armenia US$296.3 million (15.1%), Uruguay US$192.2 million (9.8%), Italy US$170.4 million (8.7%), Brazil US$118.5 million (6.0%) and Ecuador US$114.4 million (5.8%). [12](https://app.finbar.com/go?id=T17012102)

At year-end 2025, the company reported approximately 6,300 employees: 5,400 in operations and infrastructure and 900 in administration; the disclosed figures are by function rather than country. [13](https://app.finbar.com/go?id=T17012197) Its current contact page lists an address at 128, Boulevard de la Pétrusse, Luxembourg. [14](https://www.caap.aero/contact/)
[10](https://app.finbar.com/go?id=P148331640)[1](https://app.finbar.com/go?id=P148331642)[12](https://app.finbar.com/go?id=T17012102)[13](https://app.finbar.com/go?id=T17012197)[11](https://www.caap.aero/airports/)[14](https://www.caap.aero/contact/)

## Business segments

In its 2025 reporting, Corporación América Airports S.A. identifies six reportable operating segments: Argentina, Brazil, Uruguay, Armenia, Ecuador and Italy. These are geographic segments covering airport concession, development and operating activities in each country—not separate business lines or airport-by-airport segments. [15](https://app.finbar.com/go?id=P148334819)[16](https://app.finbar.com/go?id=P148331641)

For 2025, segment revenue was US$1,971.7 million in total: Argentina US$1,069.5 million (54.2%); Brazil US$118.5 million (6.0%); Uruguay US$202.5 million (10.3%); Armenia US$296.3 million (15.0%); Ecuador US$114.4 million (5.8%); and Italy US$170.4 million (8.6%). Shares are calculated from reported segment revenue. [17](https://app.finbar.com/go?id=T17012358)

As a profitability contribution measure, Adjusted EBITDA totaled US$707.7 million: Argentina contributed 54.9%, Brazil 7.2%, Uruguay 9.4%, Armenia 16.8%, Ecuador 4.7% and Italy 7.0%. The filing does not allocate revenue or EBITDA by individual airport. [17](https://app.finbar.com/go?id=T17012358)[1](https://app.finbar.com/go?id=P148331642)[18](https://app.finbar.com/go?id=P148334822)
[15](https://app.finbar.com/go?id=P148334819)[16](https://app.finbar.com/go?id=P148331641)[17](https://app.finbar.com/go?id=T17012358)[1](https://app.finbar.com/go?id=P148331642)[18](https://app.finbar.com/go?id=P148334822)

## Company history

Corporación América Airports traces its operating history to 1998, when its predecessor business obtained the concession to operate 33 airports in Argentina. Eduardo Eurnekian founded Aeropuertos Argentina, the operating company at the center of that initial concession. [10](https://app.finbar.com/go?id=P148331640)[19](https://www.aeropuertosargentina.com.ar/en/sobre-nosotros/conocenos)

The company expanded internationally through airport concessions and acquisitions: it entered Armenia in 2002, Uruguay in 2003 and Ecuador in 2004, and acquired an interest in the consortium operating Punta del Este Airport in 2008. Further milestones included awards for Galápagos Seymour Airport in 2011 and Brasília Airport in 2012; in 2015, the Florence and Pisa airport concessionaires merged to form Toscana Aeroporti. [20](https://www.caap.aero/airports/zvartnots/)[21](https://www.caap.aero/airports/carrasco/)[22](https://www.caap.aero/airports/guayaquil/)[23](https://www.caap.aero/airports/punta-del-este/)[24](https://www.caap.aero/airports/galapagos/)[25](https://www.caap.aero/airports/brasilia/)[26](https://www.caap.aero/airports/toscana/)

The Luxembourg parent company was incorporated in 2012 as A.C.I. Airports International S.à r.l.; it adopted the Corporación América Airports name and became a public limited company in 2017. It completed an initial public offering and began trading on the New York Stock Exchange in February 2018. Later milestones included the 2021 award of a concession for six additional airports in Uruguay and, in 2025, the award of a 25-year concession for Luanda’s new airport to a consortium led by the company. [27](https://app.finbar.com/go?id=P148333697)[28](https://app.finbar.com/go?id=P148333677)[29](https://www.caap.aero/news/corporacion-america-airports-inauguro-seis-nuevos-aeropuertos-internacionales-en-uruguay/)[30](https://mintrans.gov.ao/web/noticias/concessao-para-gestao-do-aeroporto-internacional-dr.-antonio-agostinho-neto-%28aiaan%29-adjudicada-ao-consorcio-liderado-pela-corporacion-america-airports)
[10](https://app.finbar.com/go?id=P148331640)[19](https://www.aeropuertosargentina.com.ar/en/sobre-nosotros/conocenos)[20](https://www.caap.aero/airports/zvartnots/)[21](https://www.caap.aero/airports/carrasco/)[22](https://www.caap.aero/airports/guayaquil/)[23](https://www.caap.aero/airports/punta-del-este/)[24](https://www.caap.aero/airports/galapagos/)[25](https://www.caap.aero/airports/brasilia/)[26](https://www.caap.aero/airports/toscana/)[27](https://app.finbar.com/go?id=P148333697)[28](https://app.finbar.com/go?id=P148333677)[29](https://www.caap.aero/news/corporacion-america-airports-inauguro-seis-nuevos-aeropuertos-internacionales-en-uruguay/)[30](https://mintrans.gov.ao/web/noticias/concessao-para-gestao-do-aeroporto-internacional-dr.-antonio-agostinho-neto-%28aiaan%29-adjudicada-ao-consorcio-liderado-pela-corporacion-america-airports)[19](https://www.aeropuertosargentina.com.ar/en/sobre-nosotros/conocenos)[20](https://www.caap.aero/airports/zvartnots/)[21](https://www.caap.aero/airports/carrasco/)[22](https://www.caap.aero/airports/guayaquil/)[23](https://www.caap.aero/airports/punta-del-este/)[24](https://www.caap.aero/airports/galapagos/)[25](https://www.caap.aero/airports/brasilia/)[26](https://www.caap.aero/airports/toscana/)[29](https://www.caap.aero/news/corporacion-america-airports-inauguro-seis-nuevos-aeropuertos-internacionales-en-uruguay/)[30](https://mintrans.gov.ao/web/noticias/concessao-para-gestao-do-aeroporto-internacional-dr.-antonio-agostinho-neto-%28aiaan%29-adjudicada-ao-consorcio-liderado-pela-corporacion-america-airports)

## Sources

1. [CORPORACION AMERICA AIRPORTS S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148331642)
2. [CORPORACION AMERICA AIRPORTS S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148331672)
3. [CORPORACION AMERICA AIRPORTS S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148331667)
4. [www.caap.aero](https://www.caap.aero/who-we-are/)
5. [CORPORACION AMERICA AIRPORTS S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148332006)
6. [CORPORACION AMERICA AIRPORTS S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148332015)
7. [CORPORACION AMERICA AIRPORTS S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148331652)
8. [CORPORACION AMERICA AIRPORTS S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148332916)
9. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1717393/000110465926029442/caap-20251231x20f.htm)
10. [CORPORACION AMERICA AIRPORTS S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148331640)
11. [www.caap.aero](https://www.caap.aero/airports/)
12. [CORPORACION AMERICA AIRPORTS S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T17012102)
13. [CORPORACION AMERICA AIRPORTS S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T17012197)
14. [www.caap.aero](https://www.caap.aero/contact/)
15. [CORPORACION AMERICA AIRPORTS S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148334819)
16. [CORPORACION AMERICA AIRPORTS S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148331641)
17. [CORPORACION AMERICA AIRPORTS S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T17012358)
18. [CORPORACION AMERICA AIRPORTS S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148334822)
19. [www.aeropuertosargentina.com.ar](https://www.aeropuertosargentina.com.ar/en/sobre-nosotros/conocenos)
20. [www.caap.aero](https://www.caap.aero/airports/zvartnots/)
21. [www.caap.aero](https://www.caap.aero/airports/carrasco/)
22. [www.caap.aero](https://www.caap.aero/airports/guayaquil/)
23. [www.caap.aero](https://www.caap.aero/airports/punta-del-este/)
24. [www.caap.aero](https://www.caap.aero/airports/galapagos/)
25. [www.caap.aero](https://www.caap.aero/airports/brasilia/)
26. [www.caap.aero](https://www.caap.aero/airports/toscana/)
27. [CORPORACION AMERICA AIRPORTS S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148333697)
28. [CORPORACION AMERICA AIRPORTS S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P148333677)
29. [www.caap.aero](https://www.caap.aero/news/corporacion-america-airports-inauguro-seis-nuevos-aeropuertos-internacionales-en-uruguay/)
30. [mintrans.gov.ao](https://mintrans.gov.ao/web/noticias/concessao-para-gestao-do-aeroporto-internacional-dr.-antonio-agostinho-neto-%28aiaan%29-adjudicada-ao-consorcio-liderado-pela-corporacion-america-airports)

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