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

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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 October, 2018

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: October 17, 2018

 

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

 

99.1

Press release dated October 17, 2018 - Corporación América Airports S.A. reports 3.7% YoY Increase in Total Passenger Traffic in September 2018.

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Section 2: EX-99.1 (EXHIBIT 99.1)

Exhibit 99.1

Corporación América Airports S.A. Reports 3.7% YoY Increase in Total Passenger Traffic in September 2018

Passenger traffic up 2.7% YoY in Argentina and 16.6% in Ecuador, further supported by growth across most geographies

LUXEMBOURG--(BUSINESS WIRE)--October 17, 2018--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 3.7% in September 2018.

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights                                
Statistics   Sep’18   Sep’17       % Var.   YTD’18       YTD’17       % Var
Domestic Passengers (thousands)   3,885   3,569       8.8%   33,247       30,523       8.9%
International Passengers (thousands)   2,369   2,398       -1.2%   21,083       20,444       3.1%
Transit Passengers (thousands)   720   755       -4.6%   6,640       6,075       9.3%
Total Passengers (thousands)1   6,974   6,722       3.7%   60,970       57,041       6.9%
Cargo Volume (thousand tons)   32.4   31.8       1.7%   291.5       268.8       8.4%
Total Aircraft Movements (thousands)   72.4   72.9       -0.7%   660.0       634.9       4.0%
 

Passenger Traffic Overview

Total passenger traffic in September 2018 increased by 3.7% YoY, primarily reflecting growths of 2.7% in Argentina, 16.6% in Ecuador and 2.9% in Brazil.

In Argentina, passenger traffic increased 2.7% YoY, mainly driven by a 9.4% growth in domestic traffic, which benefitted from the addition of several new frequencies to existing routes over the past 12 months. International and transit traffic declined 8.4% and 7.8% respectively, reflecting more challenging macro conditions. In addition, new airlines have announced they will start operating during the next months: Norwegian airlines plans to open two domestic routes in October and additional routes in the following months, JetSmart expects to initiate operations in November with routes from Santiago de Chile, while LASA Airlines anticipates it will inaugurate domestic and international routes, operating from Neuquén Airport.

In Ecuador, passenger traffic increased 16.6% benefitting from easier comps as last year traffic was impacted by the hurricane that took place in Florida, resulting in the cancelation of several international flights from passengers travelling to the U.S. Moreover, JetBlue announced the launch of a new route with daily flights to Guayaquil airport from Fort Lauderdale, U.S., to start operations in the first quarter of 2019.

In Brazil, domestic passenger traffic increased 8.4% YoY, driven by the addition of new frequencies to existing routes in several domestic destinations, partially offset by a decline in international traffic, mainly due to the currency depreciation. Moreover, Gol Airlines announced the opening of a new route to Cancun, Mexico, to be opened in the second quarter of 2019, in addition to the new route to Buenos Aires announced last month.

In Uruguay, passenger traffic declined 2.1% mainly due to currency depreciation in neighboring countries Brazil and Argentina, which resulted in a decrease in passengers. Furthermore, Air Europa announced the addition of a new route connecting Montevideo and Madrid with Iguazu, Argentina expected to start operations in 2019, with two additional weekly frequencies starting June 2019.

Cargo Volume and Aircraft Movements

Cargo volume increased 1.7% in September 2018. In Argentina, cargo volume declined 9.9% YoY due to macro conditions. In Armenia, cargo volume declined 25.3% due to reduced export activity to countries with political instability. By contrast, cargo volume increased 41.1% YoY in Brazil and 46.7% Ecuador, the latter reflecting higher business activity related to the Christmas Holidays.

Aircraft movements remained relatively flat in September 2018, mainly driven by Armenia, which increased 26.8%, followed by Ecuador, with an increase of 6.2%.


Summary Passenger Traffic, Cargo Volume and Aircraft Movements                      
    Sep’18     Sep’17     % Var. YTD’18     YTD’17     % Var.
Passenger Traffic (thousands)                              
Argentina   3,357     3,267     2.7% 29,621     27,458     7.9%
Italy   842     818     2.9% 6,441     6,255     3.0%
Brazil   1,627     1,582     2.9% 15,096     14,301     5.6%
Uruguay   181     185     -2.2% 1,733     1,715     1.0%
Ecuador   391     336     16.6% 3,331     3,122     6.7%
Armenia   279     258     8.0% 2,152     1,922     11.9%
Peru   296     276     7.3% 2,597     2,268     14.5%
TOTAL   6,974     6,722     3.7% 60,970     57,041     6.9%
                             
Cargo Volume (tons)                              
Argentina   17,584     19,517     -9.9% 169,465     155,382     9.1%
Italy   905     903     0.1% 8,373     7,865     6.5%
Brazil   6,348     4,316     47.1% 47,135     39,466     19.4%
Uruguay   2,178     2,221     -1.9% 19,710     20,068     -1.8%
Ecuador   3,341     2,278     46.7% 30,292     25,287     19.8%
Armenia   1,617     2,165     -25.3% 12,953     17,046     -24.0%
Peru   410     443     -7.5% 3,603     3,703     -2.7%
TOTAL   32,383     31,843     1.7% 291,531     268,817     8.4%
               
Aircraft Movements                              
Argentina   36,098     36,169     -0.2% 334,757     314,061     6.6%
Italy   7,614     7,657     -0.6% 60,663     61,170     -0.8%
Brazil   14,928     16,111     -7.3% 138,304     138,118     0.1%
Uruguay   2,297     2,395     -4.1% 25,168     24,613     2.3%
Ecuador   6,677     6,290     6.2% 58,818     60,092     -2.1%
Armenia   2,138     1,686     26.8% 18,024     16,003     12.6%
Peru   2,613     2,552     2.4% 24,279     20,861     16.4%
TOTAL   72,365     72,860     -0.7% 660,013     634,918     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. 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 2017, Corporación América Airports served 76.6 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.

CONTACT:
Corporación América Airports S.A.
Investor Relations:
Gimena Albanesi, +5411 4852-6411
gimena.albanesi@caairports.com

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