Corporación América Airports S.A., through its subsidiaries, acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and ...
Corporación América Airports S.A. (CAAP) is a private airport concession operator that builds and operates long-term aviation infrastructure assets through airport concession frameworks. The business model is centered on acquiring concession rights, developing airport facilities, and operating airports to generate revenue from passenger and aeronautical activity as well as regulated and commercial airport services.
CAAP’s footprint spans multiple countries and regions, with public company materials describing operations in around 6 countries across Latin America and Europe (and descriptions that include Latin America, Europe, and Eurasia). The company operates roughly 52 airports (and in some communications 53), making it one of the largest private-sector airport concession operators globally by number of airports managed. A core part of its value creation strategy is scaling operational excellence across a diversified portfolio of airports while investing in infrastructure upgrades aligned with concession requirements.
From a services and operations perspective, CAAP manages airports that serve large passenger volumes (for example, reporting around 86.7 million passengers served in 2025 and 79.0 million in 2024). Managing passenger throughput at this scale involves airport operations (e.g., terminals, landside and airside processes, safety and security coordination), commercial development, and ongoing service improvement.
In terms of governance and leadership, CAAP’s CEO is Martin Francisco Eurnekian Bonnarens, who also serves in leadership roles connected to the company’s controlling/affiliated ecosystem.
Cost structure for an airport operator typically includes staffing (CAAP reports about 6,300 employees), maintenance and operating expenses, and significant capital expenditures for terminal expansions and modernization. Because airport concessions often require staged capital investment, the company’s financial performance is sensitive to passenger demand, concession terms, and investment cycles. Financial metrics (e.g., profitability ratios, liquidity ratios, and leverage measures) can vary with the TTM period and investment programs; however, CAAP’s overall positioning reflects an asset-heavy infrastructure business where cash flows are influenced by both operations and capex.
On company identity, sources indicate roots beginning in 1998 through acquisition of concession rights (with later corporate incorporation/name changes). Overall, CAAP’s “reason for being” is framed around creating value by operating airports under concession arrangements and delivering improvements to airport infrastructure and passenger experience.
Key people include the executive team led by CEO Martin Francisco Eurnekian Bonnarens, with roles such as CFO & Head of Business Development (Jorge Arruda Filho) and other finance/accounting and investor relations functions supporting governance, reporting, and stakeholder communication.
SACDE (Sociedad Argentina de Construcción y Desarrollo Estratégico S.A.)Amadeus IT Group S.A.BME:AMSSITASmiths Group plc (Smiths Detection)LSE:SMINDaifuku Co., Ltd.TSE:6383Oshkosh Corporation (Oshkosh AeroTech)NYSE:OSKCorporación América Group (related party)Leidos Holdings, Inc.NYSE:LDOSVinci SA (Vinci Airports)EPA:DG
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Aerolíneas Argentinas S.A.LATAM Airlines Group S.A.NYSE:LTMFlybondi (FB Líneas Aéreas)JetSMART AirlinesITA Airways S.p.A.GOL Linhas Aéreas Inteligentes S.A.Deutsche Lufthansa AG (via Air Dolomiti)FRA:LHADufry / Avolta AG (duty-free & retail concessionaires)SIX:AVOLCar rental companies (Avis, Hertz, Localiza, etc.)ORSNA (Organismo Regulador del Sistema Nacional de Aeropuertos)Government of Uruguay (Ministry of Transport)ENAC (Ente Nazionale per l'Aviazione Civile)
