Toggle SGML Header (+)


Washington, D.C. 20546

For the month of June, 2019

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.



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: June 17, 2019

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.

(Back To Top)

Section 2: EX-99.1 (EXHIBIT 99.1)

Exhibit 99.1

Corporación América Airports S.A. Reports 3.3% YoY Increase in Total Passenger Traffic in May 2019

Passenger traffic up 11.9% YoY in Argentina and 11.8% in Armenia, partially offset by declines in Brazil and Uruguay

LUXEMBOURG--(BUSINESS WIRE)--June 17, 2019--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 year-over-year passenger traffic growth of 3.3% in May 2019.

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights

Statistics     May'19     May'18     % Var.

YTD’19     YTD’18     % Var
Domestic Passengers (thousands)     3,759     3,506     7.2%

19,014     17,541     8.4%
International Passengers (thousands)     2,268     2,305     -1.6%

11,077     11,378     -2.6%
Transit Passengers (thousands)     629     629     -0.1%

3,583     3,640     -1.6%
Total Passengers (thousands)     6,655     6,440     3.3%

33,674     32,558     3.4%
Cargo Volume (thousand tons)     35.1     32.1     9.4%

176.6     166.1     6.3%
Total Aircraft Movements (thousands)     70.5     73.3     -3.7%

351.7     357.5     -1.6%


Passenger Traffic Overview

Total passenger traffic in May 2019 increased 3.3% YoY primarily reflecting growth of 11.9% in Argentina and 11.8% in Armenia, further supported by growth across most other countries of operations, partially offset by declines in Brazil and Uruguay.

In Argentina, total passenger traffic increased 11.9% YoY, mainly driven by growth of 21.8% in domestic passengers benefiting from the launch of several new routes and the addition of new airlines during 2018 and 2019, together with a mix-shift to domestic from international travel by local passengers. Domestic traffic also benefitted from easier comps due to the closure of Iguazu Airport for 15 days in the year-ago quarter with traffic transferred to Brazil. International passenger traffic fell 6.7% reflecting continued challenging macro conditions although showed an improvement from the 12.1% decline reported in the previous month. During May, low cost carrier JetSmart continued to add new domestic routes connecting Mendoza Airport with Tucumán and Salta airports, El Palomar Airport with Tucumán Airport and Neuquén Airport with Córdoba and Salta airports, further increasing connectivity in the country. Also, JetSmart added new frequencies to its already existing routes from El Palomar to Bariloche and Mendoza to Neuquén.

In Italy, passenger traffic remained flat, driven by growth of 3.5% at Florence Airport reflecting easier comps as last year traffic was impacted by a pilot strike at a leading European airline, together with the good performance of TAP’s connecting flight to Lisbon and the additional flights to Madrid by Iberia. This was partially offset by a 1.6% decline in passenger traffic at Pisa Airport, mainly reflecting the reduction of operations by Pobeda and Easyjet, offsetting the increased traffic by Air Arabia Maroc to Casablanca, Morocco.

In Brazil, passenger traffic declined 7.8%, primarily reflecting the cancellation of operations by a local airline, and, to a lesser extent, a reduction in less profitable routes and frequencies by a leading Latin American airline as it seeks to optimize domestic operations at Brasilia Airport. Domestic passengers declined 14.5% while international passengers increased 7.0% according to the new methodology count introduced by ANAC June 2018. Importantly, LATAM Airlines announced the opening of new international routes from Brasilia Airport to Lima, Perú; Asunción, Paraguay and Santiago de Chile, Chile, starting October 2019. Moreover, Gol airlines announced the addition of several domestic frequencies over the coming months, in line with its strategy of expanding operations at Brasilia airport, while Azul announced new routes to Recife and Santos Dumont starting 4Q19.

In Armenia, total passenger traffic increased 11.8%, mainly reflecting improved political conditions since 2H18.

In Ecuador, passenger traffic increased 2.6%, with international passenger traffic at Guayaquil Airport up 8.7%, mainly attributed to the additional frequencies by COPA and Jet Blue, started earlier this year, and the good start by Aeroméxico, that inaugurated 3 weekly flights from Guayaquil Airport to Ciudad de Mexico, Mexico. In addition, low cost carrier Wingo announced it will start a new direct flight from Guayaquil Airport to Bogotá, Colombia, starting August 2019 and Iberia announced the opening of a direct route to Madrid, Spain, commencing December 2019.

Cargo Volume and Aircraft Movements

Cargo volume increased 9.4% in May 2019, mainly as a result a 63.0% increase in Brazil, and further supported by stable cargo volume in Argentina, including increased exports.

Aircraft movements decreased 3.7% in May 2019, mainly as a result of a 19.5% decline in Brazil.

Summary Passenger Traffic, Cargo Volume and Aircraft Movements

      May'19     May'18     % Var.

YTD’19     YTD’18     % Var
Passenger Traffic (thousands)                  

Argentina     3,349     2,992     11.9%

17,629     16,348     7.8%
Italy     784     783     0.1%

2,940     2,901     1.3%
Brazil     1,431     1,616     -11.4%

7,874     8,180     -3.7%
Uruguay     165     174     -5.1%

984     1,040     -5.5%
Ecuador     372     363     2.6%

1,869     1,773     5.4%
Armenia     243     217     11.8%

1,039     954     8.9%
Peru     311     295     5.3%

1,340     1,361     -1.6%
TOTAL     6,655     6,440     3.3%

33,674     32,558     3.4%


Cargo Volume (tons)                  

Argentina     18,941     18,954     -0.1%

93,823     100,909     -7.0%
Italy     1,100     1,003     9.7%

5,466     4,498     21.5%
Brazil     7,611     4,670     63.0%

39,774     24,049     65.4%
Uruguay     2,325     2,172     7.0%

10,967     11,325     -3.2%
Ecuador     3,246     3,571     -9.1%

17,875     17,039     4.9%
Armenia     1,492     1,332     12.0%

6,754     6,359     6.2%
Peru     407     408     -0.2%

1,986     1,956     1.5%
TOTAL     35,123     32,109     9.4%

176,645     166,136     6.3%

Aircraft Movements                  

Argentina     36,193     35,872     0.9%

187,636     184,771     1.6%
Italy     7,500     7,467     0.4%

28,516     27,942     2.1%
Brazil     12,965     16,099     -19.5%

66,430     75,967     -12.6%
Uruguay     2,202     2,336     -5.7%

13,914     15,899     -12.5%
Ecuador     6,926     6,749     2.6%

34,396     31,378     9.6%
Armenia     1,944     2,015     -3.5%

9,014     8,906     1.2%
Peru     2,798     2,722     2.8%

11,827     12,663     -6.6%
TOTAL     70,528     73,260     -3.7%

351,733     357,526     -1.6%


To obtain the full text of this press release, please click on the following link:

About Corporación América Airports

Corporación América Airports acquires, develops and operates airport concessions. The Company is the largest private airport operator in the world by the number of airports and the tenth largest based on passenger traffic. Currently, the Company operates 52 airports in 7 countries across Latin America and Europe (Argentina, Brazil, Uruguay, Peru, Ecuador, Armenia and Italy). In 2018, Corporación América Airports served 81.3 million passengers. The Company is listed on the New York Stock Exchange where it trades under the ticker “CAAP”. For more information, visit

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

(Back To Top)