Economic Volatility and Reduced Travel Demand: Economic downturns, high inflation, and decreased consumer spending can lead to a significant reduction in passenger traffic and non-aeronautical revenues across its airport network.

Regulatory and Concession Agreement Changes: Potential changes in government regulations, airport tariffs, or the terms of concession agreements in any of its operating countries could negatively impact profitability and operational flexibility.

Foreign Exchange and Hyperinflation Exposure: Operating in diverse economies, particularly those with high inflation and currency volatility like Argentina, exposes CAAP to significant foreign exchange losses and the financial complexities of hyperinflation.