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Section 1: 6-K (CORPORACION AMERICA AIRPORTS S.A. 6-K)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20546

FORM 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
 UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
For the month of February, 2020

Commission File Number: 333-221916
 
Corporación América Airports S.A.
 (Name of Registrant)
 
4, rue de la Grêve
L-1643, Luxembourg
Tel: +35226258274
Fax: +35226259776
 (Address of Principal Executive Office)
 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F ☒  Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

  SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: February 17, 2020

 
Corporación America Airports S.A.
 
 
 
 
 
 
By:
/s/ Andres Zenarruza
 
 
Name: Andres Zenarruza
 
 
Title: Legal Manager
 
 
 
 
 
 
By:
/s/ Raúl Guillermo Francos
 
 
Name: Raúl Guillermo Francos
 
  Title: Chief Financial Officer   

Exhibit Index

Exhibit No.
Description
 
 

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Section 2: EX-99.1 (EXHIBIT 99.1)

Exhibit 99.1


Corporación América Airports S.A. Reports Flat Total Passenger Traffic in January 2020

Passenger traffic down 4.4% in Argentina and 5.5% in Uruguay, partially offset by growth in Ecuador, Armenia and Italy

LUXEMBOURG--(BUSINESS WIRE)--February 17, 2020--Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”) the largest private sector airport operator in the world by number of airports, reported today preliminary unchanged year-over-year passenger traffic in January 2020.

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights



Statistics

Jan'20(1)

Jan'19(1)

% Var.


Domestic Passengers (thousands)

4,109

4,006

2.6%


International Passengers (thousands)

2,229

2,339

-4.7%


Transit Passengers (thousands)

831

850

-2.3%


Total Passengers (thousands)

7,169

7,195

-0.4%


Cargo Volume (thousand tons)

30.6

32.8

-6.7%


Total Aircraft Movements (thousands)

71.7

74.7

-4.0%


  1. Preliminary data on 750 flights in August, 873 flights in September, 547 in October, 423 in November, 280 in December 2019 and 1,256 in January 2020 at Brasilia Airport, due to delays in the submission of information by third parties. Moreover, starting November 2019 the Company has reclassified its passenger traffic figures for Brasilia Airport between international, domestic and transit retroactively since June 2018 to return to the count methodology utilized until May 2018. Notwithstanding, total traffic figures remain unchanged.

Passenger Traffic Overview

Total passenger traffic in January 2020 remained relatively flat YoY, primarily reflecting declines of 4.4% in Argentina and 5.5% in Uruguay, partially offset by growth of 9.1% in Ecuador, 10.7% in Armenia and 4.3% in Italy, while traffic in Brazil remained unchanged.

In Argentina, total passenger traffic decreased 4.4% YoY, driven by a 13.1% decline in international passenger traffic, reflecting more difficult macro conditions in the country. This mainly reflects lower traffic to Brazil and other neighboring countries together with the reduction in routes and frequencies made by the airlines in recent months. Domestic passenger traffic remained flat compared with a particularly strong month in the year ago period, in addition to weak economic conditions this quarter. Furthermore, the Minister of Transport announced that starting May 2020, international air traffic to neighboring countries Brazil, Chile, Bolivia and Paraguay will be gradually reinstated at Aeroparque Airport.

In Italy, passenger traffic growth slowed to 4.3% YoY, driven by an increase of 7.5% at Florence airport reflecting Vueling’s four new routes opened last September and additional frequencies in its existing routes, which more than offset a high number of re-routed or cancelled flights due to adverse weather conditions. Passenger traffic at Pisa Airport increased 2.4% YoY, reflecting growth in aircraft movements and new flights to Brussels, Bucharest and Dublin by Ryanair and, to a lesser extent, the good performance of Air Arabia’s flights to Casablanca, Morocco. Furthermore, Albawings inaugurated a new route to Tirana, Albania.

In Brazil, estimated figures are disclosed given delays in the submission of information for 1,256 flights out of a total of 14,247 flights, due to information systems transition. Total passenger traffic remained relatively flat YoY reflecting the full recovery of the air network previously operated by Avianca Brasil. Domestic passenger traffic grew 2.7% YoY, while international passenger traffic increased 12.6% YoY. In addition, Latam Airlines added frequencies to the Northeast and Southeast during the summer season while Gol continues to add routes and frequencies in line with expansion plan with domestic and international flights at Brasilia Airport.

In Uruguay, passenger traffic declined 5.5% YoY, due to a 29.4% contraction on passenger traffic at Punta del Este Airport reflecting a reduction of Argentine passengers given difficult macro conditions, and to lesser extent, the cancellation of Avianca Airlines route to Lima, Perú, from Carrasco Airport. This was partially offset by the two additional frequencies to Madrid, Spain, opened by Iberia in July 2019.

In Armenia, total passenger traffic increased 10.7% YoY, benefiting from the addition of several routes and frequencies during 2019 and higher connectivity to Moscow, Russia, coupled with the good performance of Azimuth Airlines’ flights to Russian destinations Rostov and Sochi. Aircompany Armenia’s flights to regional destinations, as well as Tarom Avia’s route to Bucharest, Romania also contributed to traffic growth. Moreover, in January low-cost carrier Ryanair started operating from Zvartnots Airport, opening two-weekly flights to Rome and Milan, in Italy.

In Ecuador, total passenger traffic increased 9.1% YoY, driven by a 19.0% increase in international traffic, mainly reflecting the continued good performance of Jet Blue’s routes to Fort Lauderdale and New York, USA, American Airlines’ daily route to Dallas, USA, and Interjet’s daily routes to both Cancún and Ciudad de México, México. Growth was further supported by Iberia’s route to Madrid, Spain, opened in December, which more than offset the cancelation of Latam’s route to the same destination.

Cargo Volume and Aircraft Movements

Cargo volume declined 6.7% in January 2020, mainly as a result of declines of 23.7% in Brazil, 19.4% in Ecuador and 2.4% in Argentina, partially offset by a 19.7% increase in Armenia, 7.0% in Uruguay and 8.9% in Italy.

Aircraft movements declined 4.0% YoY in January 2020, driven by declines of 8.4% in Argentina, 2.9% in Brazil and 10.3% in Uruguay, partially offset by an increase of 4.8% in Ecuador, 14.9% in Armenia and 3.7% in Italy.


Summary Passenger Traffic, Cargo Volume and Aircraft Movements



 

Jan'20(1)

Jan'19

% Var.


Passenger Traffic (thousands)

 

 

 


Argentina

3,642

3,808

-4.4%


Italy

480

460

4.3%


Brazil(1)

1,876

1,866

0.5%


Uruguay

233

247

-5.5%


Ecuador

385

353

9.1%


Armenia

235

212

10.7%


Peru

318

249

28.0%


TOTAL

7,169

7,195

-0.4%


(1) Preliminary data on 750 flights in August, 873 flights in September, 547 in October, 423 in November, 280 in December 2019 and 1,256 in January 2020 at Brasilia Airport, due to delays in the submission of information by third parties.

 

 

 

Cargo Volume (tons)

 

 

 

 

 

 

 

Argentina

 

18,386

 

18,845

 

-2.4%

 

Italy

 

1,119

 

1,027

 

8.9%

 

Brazil

 

4,612

 

6,042

 

-23.7%

 

Uruguay

 

2,043

 

1,909

 

7.0%

 

Ecuador

 

3,008

 

3,733

 

-19.4%

 

Armenia

 

1,028

 

859

 

19.7%

 

Peru

 

406

 

370

 

9.9%

 

TOTAL

 

30,602

 

32,784

 

-6.7%

 

Aircraft Movements

 

 

 

 

 

 

 

Argentina

 

36,756

 

40,140

 

-8.4%

 

Italy

 

4,818

 

4,644

 

3.7%

 

Brazil

 

14,247

 

14,670

 

-2.9%

 

Uruguay

 

3,535

 

3,941

 

-10.3%

 

Ecuador

 

7,495

 

7,154

 

4.8%

 

Armenia

 

2,238

 

1,948

 

14.9%

 

Peru

 

2,591

 

2,164

 

19.7%

 

TOTAL

 

71,680

 

74,661

 

-4.0%

 

To obtain the full text of this press release, please click on the following link: http://investors.corporacionamericaairports.com

About Corporación América Airports

Corporación América Airports acquires, develops and operates airport concessions. Currently, the Company operates 52 airports in 7 countries across Latin America and Europe (Argentina, Brazil, Uruguay, Peru, Ecuador, Armenia and Italy). In 2019, Corporación América Airports served 83.5 million passengers. The Company is listed on the New York Stock Exchange where it trades under the ticker “CAAP”. For more information, visit http://investors.corporacionamericaairports.com

Contacts

Investor Relations Contact
Gimena Albanesi
Email: [email protected]
Phone: +5411 4852-6411

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