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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 August, 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.



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: August 15, 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.
Description






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Section 2: EX-99.1 (EXHIBIT 99.1)

 
 Exhibit 99.1

Corporación América Airports S.A. Reports 1.4% YoY Increase in Total Passenger Traffic in July 2019

Passenger traffic up 8.5% YoY in Argentina and 16.2% in Armenia, partially offset by declines in Brazil, Italy and Uruguay

LUXEMBOURG--(BUSINESS WIRE)--August 15, 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 1.4% in July 2019.

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights

 
 
 
 
 

Statistics

Jul'19

 

Jul'18

 

% Var.

 
 

YTD’19

 

YTD’18

 

% Var

Domestic Passengers (thousands)

4,504

 

4,320

 

4.3%

 
 

27,165

 

25,128

 

8.1%

International Passengers (thousands)

2,617

 

2,600

 

0.6%

 
 

15,987

 

16,185

 

-1.2%

Transit Passengers (thousands)

783

 

876

 

-10.6%

 
 

4,981

 

5,198

 

-4.2%

Total Passengers (thousands)

7,904

 

7,795

 

1.4%

 
 

48,134

 

46,511

 

3.5%

Cargo Volume (thousand tons)

34.8

 

31.2

 

11.4%

 
 

244.2

 

227.9

 

7.1%

Total Aircraft Movements (thousands)

77.7

 

78.8

 

-1.4%

 
 

497.3

 

507.7

 

-2.1%

Passenger Traffic Overview

Total passenger traffic in July 2019 increased 1.4% YoY primarily reflecting growth of 8.5% in Argentina and 16.2% in Armenia, partially offset by declines in Brazil and Italy.

In Argentina, total passenger traffic increased 8.5% YoY, reflecting growth of 12.2% in domestic passengers as a result of the continued good performance of new routes by existing and new airlines introduced during 2018 and 2019, together with a mix-shift to domestic from international travel by local passengers. International passenger traffic declined 1.5%, still reflecting weak macro conditions in the country. Of note, passenger traffic at Bariloche Airport increased 19.2% driven by higher domestic and international traffic during the winter season, while traffic at Iguazú and Salta airports increased 33.4% and 27.3%, respectively, mainly reflecting the operation of low cost carriers. In addition, Norwegian Air Argentina announced a new domestic route to Jujuy, starting September, further enhancing connectivity in the country.

In Italy, passenger traffic declined 3.9% YoY, reflecting a drop of 6.4% in passenger traffic at Pisa Airport, mainly due to the reduction of operations by Pobeda, which suspended the route to Saint Petersburg and decreased frequencies to Moscow, coupled with a reduction of flights by Ryanair and British Airways. This was partially offset by growth of 1.8% at Florence Airport, reflecting additional flights to Madrid, Spain, by Iberia together with the good performance of SAS’s flight to Copenhagen introduced last April. Moreover, a new international flight to Dusseldorf, Germany, by Eurowings also contributed to the increase.

In Brazil, passenger traffic declined 11.5%, primarily reflecting the cessation of operations by a local airline. Domestic passengers declined 8.4% while international passengers increased 5.8% according to the new methodology introduced by ANAC. In addition, Gol announced additional domestic routes, from Brasilia airport to São José do Rio Preto, Araguaína and Barreiras, starting September 2019 in partnership with Passaredo, in line with its strategy to expand operations at Brasilia Airport. Moreover, Natal Airport will receive additional flights by Latam Airlines Brasil to São Paulo and Rio de Janeiro, starting in August, together with additional flights by Azul Airlines to Recife, starting next September.

In Uruguay, passenger traffic declined 5.8% YoY, reflecting the cancellation of Avianca Colombia’s daily route to Bogotá, Colombia, combined with a decline in flights to Aeroparque, Argentina, given the continued weak macro environment in that country. In addition, in July we faced more difficult comps as Winter Holidays this year started in June, while last year they started in July.

In Armenia, total passenger traffic increased 16.2%, benefiting from the addition of several new routes and frequencies during 2018 and 2019, further supported by additional flights added during the summer season.

In Ecuador, total passenger traffic increased 3.3%, mainly reflecting new flights by Jet Blue and Aeroméxico started earlier this year. However, Aeroméxico recently announced that it will discontinue this route starting October 2019. Traffic growth was also driven by the new route by Plus Ultra to Madrid, Spain, opened during July 2019. In addition, low-cost carrier Interjet announced a new route connecting Guayaquil Airport with Ciudad de México, México, to be started in October this year. Moreover, Jet Blue announced the opening of a direct route to New York, United States, operating from Guayaquil Airport, starting next December.

Cargo Volume and Aircraft Movements

Cargo volume increased 11.4% in July 2019, mainly as a result a 49.1% increase in Brazil, and further supported by growth across most other countries of operations, partially offset by an 8.9% decline in Ecuador.


Aircraft movements decreased 1.4% in July 2019, mainly as a result of declines of a 12.8% decline in Brazil.

Summary Passenger Traffic, Cargo Volume and Aircraft Movements

 
 
 
 
 

 

Jul'19

 

Jul'18

 

% Var.

 
 

YTD’19

 

YTD’18

 

% Var

Passenger Traffic (thousands)

 

 

 

 

 

 
 

 

 

 

 

 

Argentina

3,998

 

3,683

 

8.5%

 
 

24,872

 

22,757

 

9.3%

Italy

888

 

925

 

-3.9%

 
 

4,667

 

4,682

 

-0.3%

Brazil

1,744

 

1,971

 

-11.5%

 
 

10,997

 

11,686

 

-5.9%

Uruguay

175

 

186

 

-5.8%

 
 

1,317

 

1,381

 

-4.6%

Ecuador

405

 

392

 

3.3%

 
 

2,635

 

2,523

 

4.5%

Armenia

372

 

320

 

16.2%

 
 

1,692

 

1,526

 

10.9%

Peru

322

 

318

 

1.1%

 
 

1,953

 

1,957

 

-0.2%

TOTAL

7,904

 

7,795

 

1.4%

 
 

48,134

 

46,511

 

3.5%



 
 
 
 
 
   

Cargo Volume (tons)

 

 

 

 

 

 
 

 

 

 

 

 

Argentina

18,356

 

17,452

 

5.2%

 
 

129,199

 

134,495

 

-3.9%

Italy

1,159

 

1,088

 

6.5%

 
 

7,667

 

6,774

 

13.2%

Brazil

8,302

 

5,567

 

49.1%

 
 

55,682

 

35,348

 

57.5%

Uruguay

2,000

 

1,937

 

3.3%

 
 

14,943

 

15,488

 

-3.5%

Ecuador

2,962

 

3,250

 

-8.9%

 
 

24,112

 

23,783

 

1.4%

Armenia

1,539

 

1,498

 

2.7%

 
 

9,833

 

9,297

 

5.8%

Peru

438

 

406

 

7.8%

 
 

2,799

 

2,764

 

1.3%

TOTAL

34,755

 

31,199

 

11.4%

 
 

244,234

 

227,949

 

7.1%



 
 
 
 
 
   

Aircraft Movements

 

 

 

 

 

 
 

 

 

 

 

 

Argentina

40,108

 

38,828

 

3.3%

 
 

262,035

 

258,165

 

1.5%

Italy

8,608

 

8,652

 

-0.5%

 
 

45,204

 

44,582

 

1.4%

Brazil

14,309

 

16,411

 

-12.8%

 
 

92,684

 

107,567

 

-13.8%

Uruguay

2,136

 

2,439

 

-12.4%

 
 

17,987

 

20,509

 

-12.3%

Ecuador

6,739

 

6,954

 

-3.1%

 
 

47,679

 

44,994

 

6.0%

Armenia

3,040

 

2,431

 

25.1%

 
 

14,415

 

13,382

 

7.7%

Peru

2,736

 

3,083

 

-11.3%

 
 

17,271

 

18,525

 

-6.8%

TOTAL

77,676

 

78,798

 

-1.4%

 
 

497,275

 

507,724

 

-2.1%

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 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 http://investors.corporacionamericaairports.com.

Contacts

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

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