We are one of the leading private airport operators in the world, currently operating 53 airports in 6 countries across Latin America and Europe (Argentina, Brazil, Uruguay, Ecuador, Armenia and Italy). In 2023, our airports served 81.1 million passengers, only 3.6% lower than the 84.2 million served prior to the pandemic, in 2019, of which approximately 35% were international, 56% were domestic and 9% were transit passengers. The airports we operate are located in countries with compelling macro-economic trends and in key cities within those countries.
From our beginnings in 1998 when we acquired the concession rights to operate 33 airports in
Argentina, we have expanded geographically and currently operate 53 airports globally; in Latin
America, our largest market, as well as in Europe and Eurasia. We operate some of the largest
and most important airports in the countries where we are present; including large international
airports, such as Ezeiza Airport in Argentina, domestic airports, such as Brasilia Airport in
Brazil, airports in tourist destinations, such as Galapagos Ecological Airport in Ecuador and
Florence Airport in Italy, as well as mid-sized domestic airports. We acquired most of our
airport concessions through a public tender process and we, generally, improved the
infrastructure significantly through large capital investments.
We derive revenue from aeronautical and commercial services. The key driver of revenue is
passenger traffic, as increased passenger traffic allows us to generate both aeronautical and
commercial revenue. We derive the majority of our revenue from fees charged to departing
passengers and landing and parking fees charged to aircraft operators for the use of our
premises and for certain aeronautical services. We also earn revenue from commercial services,
including warehouse usage, duty free, retail and food and beverage shops, advertising and
parking fees.
We have created a global platform with operational expertise and resources to support our organic
growth plan and our global expansion strategy.