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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 January, 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: January 15, 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 a 2.1% YoY Increase in Total Passenger Traffic in December 2019

Passenger traffic up 3.0% in Argentina, 8.8% in Italy and 6.1% in Armenia, partially offset by declines in Brazil and Uruguay

LUXEMBOURG--(BUSINESS WIRE)--January 15, 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 year-over-year passenger traffic growth of 2.1% in December 2019.

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights  

 
 
 

Statistics

Dec'19(1)

 

Dec'18

 

% Var.

 

YTD’19(1)

 

YTD’18(1)

 

% Var.

 

Domestic Passengers (thousands)

4,088

 

3,923

 

4.2%

 

47,515

 

44,798

 

6.1%

 

International Passengers (thousands)

2,145

 

2,123

 

1.0%

 

27,624

 

27,484

 

0.5%

 

Transit Passengers (thousands)

729

 

774

 

-5.8%

 

8,353

 

9,019

 

-7.4%

 

Total Passengers (thousands)

6,962

 

6,819

 

2.1%

 

83,492

 

81,301

 

2.7%

 

Cargo Volume (thousand tons)

36.1

 

38.1

 

-5.4%

 

422.1

 

410.1

 

2.9%

 

Total Aircraft Movements (thousands)

71.5

 

74.1

 

-3.5%

 

857.9

 

880.6

 

-2.6%

 (1)

Preliminary data on 750 flights in August, 873 flights in September, 547 in October, 423 in November, and 280 in December at Brasilia Airport, due to delays in the submission of information by third parties. Moreover, 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 December 2019 grew by 2.1% YoY, primarily reflecting increases of 3.0% in Argentina, 8.8% in Italy, 7.5% in Ecuador and 6.1% in Armenia, partially offset by declines in Brazil and Uruguay.

In Argentina, total passenger traffic increased 3.0% YoY, driven by 6.4% growth in domestic passengers mainly due to new routes introduced during 2018 and 2019, together with a mix-shift to domestic from international travel by local passengers. International passenger traffic declined 4.4%, still reflecting weak macro conditions in the country. Additionally, Aerolineas Argentinas started a new route to Orlando, USA, and low-cost carrier Flybondi added a new route from El Palomar to Florianopolis, Brazil.

In Italy, passenger traffic increased 8.8% YoY, driven mainly by 19.5% growth at Florence Airport which reported a 22.1% increase in international traffic as a result of Vueling’s four new routes opened in September and additional frequencies in its existing routes. Moreover, passenger traffic at Pisa Airport increased 3.5% YoY, reflecting additional flights by Ryanair, and, to a lesser extent, the good performance of Air Arabia’s flights to Casablanca, Morocco.

In Brazil, estimated figures are disclosed given delays in the submission of information for 280 flights out of a total of 14,541 flights, due to information systems transition by third parties. Total passenger traffic declined 4.7% YoY, still reflecting the cessation of operations by Avianca Brasil, partially offset by traffic growth driven by other airlines. Domestic passenger traffic declined 2.6% YoY, while international passenger traffic increased 2.8% YoY. In addition, Latam Airlines started a new daily route to Asunción, Paraguay from Brasilia Airport, while Azul Airlines added new frequencies to Recife and Campinas, operated from Natal Airport.

In Armenia, total passenger traffic increased 6.1%, benefiting from the addition of several routes and frequencies during 2018 and 2019 and higher connectivity to Moscow, Russia, coupled with the good performance of Azimuth Airlines’ flights to Russian destinations Krasnodar and Rostov, Aircompany Armenia’s flights to regional destinations, as well as SkyUp Airlines’ route to Kiev, Ukraine.

In Uruguay, passenger traffic declined 2.3% YoY, mainly reflecting the temporary cancellation of Avianca Colombia’s daily route to Bogotá, Colombia, that was restored by the end of December. Traffic also reflects the cancellation of Sky’s route to Santiago de Chile since April 2019, which was temporarily reinstated by the end of December 2019 to operate during the summer season. This was partially offset by the two additional frequencies to Madrid, Spain, opened by Iberia in July 2019 and additional flights from Ezeiza Airport, in Argentina.

In Ecuador, total passenger traffic increased 7.5% YoY, driven by a 16.1% increase in international traffic, mainly reflecting the continued good performance of the route to Fort Lauderdale by JetBlue and Interjet’s daily routes to both Cancún and Ciudad de México, México, together with Iberia’s new route to Madrid, Spain, opened in December with four weekly frequencies. In addition, during the month, JetBlue opened a new daily route to New York, USA, and American Airlines inaugurated a new route to Dallas, with daily frequencies. This more than offset the cancelation in December of Latam’s route to Madrid, Spain.

Cargo Volume and Aircraft Movements

Cargo volume declined 5.4% in December 2019, mainly as a result of declines of 15.5% in Argentina and 25.2% in Ecuador, partially offset by a 28.3% increase in Brazil.


Aircraft movements declined 3.5% YoY in December 2019, driven by declines of 6.1% in Argentina and 6.7% in Brazil, partially offset by an increase of 8.8% in Italy.

Summary Passenger Traffic, Cargo Volume and Aircraft Movements




 

 

Dec'19(1)

Dec'18

% Var.


YTD’19(1)

YTD’18

% Var.

Passenger Traffic (thousands)

 

 

 


 

 

 

Argentina

3,560

3,457

3.0%


42,739

39,818

7.3%

Italy

517

475

8.8%


8,239

8,160

1.0%

Brazil

1,761

1,848

-4.7%


19,059

20,318

-6.2%

Uruguay

190

194

-2.3%


2,182

2,293

-4.8%

Ecuador

380

354

7.5%


4,497

4,410

2.0%

Armenia

238

224

6.1%


3,196

2,857

11.9%

Peru

316

268

17.9%


3,579

3,445

3.9%

TOTAL

6,962

6,819

2.1%


83,492

81,301

2.7%

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

 

 

 


 

 

 

Argentina

19,011

22,486

-15.5%


227,970

240,372

-5.2%

Italy

1,158

1,086

6.5%


13,192

11,760

12.2%

Brazil

8,180

6,376

28.3%


91,241

65,915

38.4%

Uruguay

2,271

2,228

1.9%


26,438

27,534

-4.0%

Ecuador

3,043

4,067

-25.2%


38,006

41,775

-9.0%

Armenia

1,906

1,461

30.5%


20,065

17,856

12.4%

Peru

509

434

17.3%


5,164

4,866

6.1%

TOTAL

36,078

38,139

-5.4%


422,075

410,078

2.9%

Aircraft Movements

 

 

 


 

 

 

Argentina

36,875

39,290

-6.1%


447,247

450,244

-0.7%

Italy

5,016

4,610

8.8%


78,952

77,335

2.1%

Brazil

14,541

15,583

-6.7%


161,775

184,190

-12.2%

Uruguay

3,136

3,229

-2.9%


29,662

33,473

-11.4%

Ecuador

7,101

6,934

2.4%


82,374

79,575

3.5%

Armenia

2,244

2,092

7.3%


27,430

24,136

13.6%

Peru

2,572

2,335

10.1%


30,473

31,626

-3.6%

TOTAL

71,485

74,073

-3.5%


857,913

880,579

-2.6%

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

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