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Section 1: 6-K (CORPORACION AMERICA AIRPORTS S.A. FORM 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 May, 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: May 14, 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 March 2020 Passenger Traffic

Total passenger traffic down 98.3% driven by declines in all countries of operations as a result of the COVID-19 pandemic and travel restrictions worldwide

LUXEMBOURG--(BUSINESS WIRE)--May 14, 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 a 98.3% decline year-over-year passenger traffic in April 2020.

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights


 

 

 

 

 

Statistics

Apr'20(2)

Apr'19(1)(2)

% Var.

 

YTD'20(1)(2)

YTD'19(1)(2)

% Var.

Domestic Passengers (thousands)

67

3,734

-98.2%

 

9,927

15,279

-35.0%

International Passengers (thousands)

29

2,306

-98.7%

 

5,376

9,060

-40.7%

Transit Passengers (thousands)

17

622

-97.3%

 

1,920

2,894

-33.7%

Total Passengers (thousands)

112

6,661

-98.3%

 

17,223

27,233

-36.8%

Cargo Volume (thousand tons)

16.1

36.7

-56.2%

 

99.3

141.5

-29.8%

Total Aircraft Movements (thousands)

6.7

68.5

-90.2%

 

185.3

281.2

-34.1%

(1)

Note that preliminary passenger traffic figures for Ezeiza Airport, in Argentina, for 2019 as well as January 2020 were adjusted to include additional inbound passengers not accounted for in the initial count, for an average of approximately 5% of total passenger traffic at Ezeiza Airport and 1% of total traffic at CAAP, during that period. Importantly, inbound traffic does not affect revenues, as tariffs are applicable on departure passengers.

(2)

Preliminary data on 750 flights in August, 873 flights in September, 547 in October, 423 in November, 280 in December 2019, 1,256 in January and 195 in February 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 April 2020 dropped 98.3% YoY, primarily reflecting continued travel restrictions imposed by governments, aiming to contain the spread of the COVID-19 pandemic. International traffic declined by 98.7% YoY, while domestic traffic dropped 98.2% YoY.

In Argentina, total passenger traffic decreased 99.3% YoY, as a result of prolonged measures implemented mid-March by the Government restricting both international and domestic flights to contain the breakout. International passenger traffic declined 98.5% with minimum levels due to repatriation flights, while domestic passenger traffic dropped 99.7% YoY.

In Italy, passenger traffic declined 99.9% YoY, with traffic at Florence airport down 100% YoY due to the temporary halt of operations from March 14 to May 4, 2020 as per government regulations, while passenger traffic at Pisa Airport was down 99.9% YoY.

In Brazil, total passenger traffic dropped 96.2% YoY, driven by decreases of 95.5% in domestic passenger traffic and 99.4% in international traffic. Passenger traffic declined 98.5% YoY in Uruguay, 97.5% in Armenia and 98.6% in Ecuador.

Cargo Volume and Aircraft Movements

Cargo volume decreased 56.2% on April 2020, mainly due to declines of 54.2% in Argentina, 87.7% in Brazil, 76.8% in Ecuador and 70.0% in Armenia; partially offset by a 60.6% increase in Uruguay, as a result of extraordinarily high seed exports.

Aircraft movements declined 90.2% YoY in April 2020, driven by decreases across all segments due to travel restrictions: 92.1% in Argentina, 85.5% in Brazil, 96.8% in Italy, 87.7% in Ecuador, 84.9% in Uruguay, 87.0% in Armenia and 83.0% in Peru.


Summary Passenger Traffic, Cargo Volume and Aircraft Movements

 

Apr'20(2)

Apr'19(1)(2)

% Var.


YTD'20(2)

YTD'19(1)(2)

% Var.

Passenger Traffic (thousands)

 

 

 


 

 

 

Argentina

25

3,391

-99.3%


8,919

14,494

-38.5%

Italy

1

736

-99.9%


1,004

2,156

-53.4%

Brazil

56

1,474

-96.2%


4,421

6,443

-31.4%

Uruguay

3

176

-98.5%


529

818

-35.3%

Ecuador

5

392

-98.6%


986

1,497

-34.2%

Armenia

5

217

-97.5%


560

796

-29.7%

Peru

18

275

-93.5%


804

1,028

-21.8%

TOTAL

112

6,661

-98.3%


17,223

27,233

-36.8%








 

(1) See Footnote 1 in previous table. (2) See Footnote 2 in previous table.

Cargo Volume (tons)

Argentina

8,626

18,825

-54.2%

 

54,172

74,881

-27.7%

Italy

945

1,285

-26.5%

 

4,157

4,365

-4.8%

Brazil

1,065

8,639

-87.7%

 

16,755

32,163

-47.9%

Uruguay

4,090

2,547

60.6%

 

10,392

8,642

20.2%

Ecuador

770

3,316

-76.8%

 

7,904

14,629

-46.0%

Armenia

511

1,704

-70.0%

 

4,842

5,262

-8.0%

Peru

52

389

-86.5%

 

1,103

1,579

-30.1%

TOTAL

16,059

36,704

-56.2%

 

99,325

141,522

-29.8%

Aircraft Movements

Argentina

2,791

35,553

-92.1%

 

96,561

151,443

-36.2%

Italy

223

6,864

-96.8%

 

11,530

21,016

-45.1%

Brazil

1,840

12,714

-85.5%

 

38,504

53,465

-28.0%

Uruguay

359

2,375

-84.9%

 

8,044

11,712

-31.3%

Ecuador

839

6,834

-87.7%

 

18,039

27,470

-34.3%

Armenia

226

1,744

-87.0%

 

5,697

7,070

-19.4%

Peru

406

2,383

-83.0%

 

6,903

9,029

-23.5%

TOTAL

6,684

68,467

-90.2%

 

185,278

281,205

-34.1%

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 84.2 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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