Corporación América Airports S.A. $(CAAP)$ reported a 9.4% year-on-year increase in passenger traffic for September 2025. In Argentina, total passenger traffic rose by 13.3% YoY, with domestic traffic up 12.1% and international traffic climbing 15.9%, driven by strong performance on the Buenos Aires-Madrid route and the resumption and launch of new Copa Airlines routes. Italy saw passenger traffic grow 7.0% YoY, mainly due to increased Ryanair flight frequencies, with international traffic up 8.4% and domestic traffic rising 1.8%. Brazil recorded a 9.0% YoY uptick in total passenger traffic. Armenia experienced a 4.8% YoY increase, supported by new airlines and routes, while Ecuador saw a 5.3% YoY decline, impacted by security concerns, high airfares, and temporary runway closures. Notably, Argentina accounted for more than 79% of the total YoY traffic growth in September 2025.