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 April, 2023

Commission File Number: 333-221916
 
Corporación América Airports S.A.
 (Name of Registrant)
 
128, Boulevard de la Pétrusse
L-2330 Luxembourg
Tel: +35226258274
 (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: April 18, 2023

 
Corporación America Airports S.A.
 
 
 
 
 
 
By:
/s/ Andres Zenarruza
 
 
Name: Andres Zenarruza
 
 
Title:   Head of Legal & Compliance
 
 
 
 
 
 
By:
/s/ Jorge Arruda
 
 
Name: Jorge Arruda
 
 
Title:   Chief Financial Officer
 

Exhibit Index

Exhibit No.
Description
   

Exhibit 99.1

Corporación América Airports S.A. Reports March 2023 Passenger Traffic

Total passenger traffic up 33.6% YoY reaching 92% of pre-pandemic levels;

Armenia and Ecuador above March 2019 levels, while Argentina and Brazil at 93% and 89%, respectively

LUXEMBOURG--(BUSINESS WIRE)--April 18, 2023--Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”) a leading private airport operator in the world, reported today a 33.6% YoY increase in passenger traffic in March 2023, reaching 91.7% of March 2019 levels.

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2023 vs. 2022)

   

Statistics

Mar'23

Mar'22

% Var.

 

YTD’23

YTD'22

% Var.

Domestic Passengers (thousands)

3,644

2,965

22.9%

 

10,525

8,475

24.2%

International Passengers (thousands)

2,101

1,336

57.3%

 

6,137

3,537

73.5%

Transit Passengers (thousands)

587

438

34.1%

 

1,837

1,463

25.6%

Total Passengers (thousands)

6,332

4,738

33.6%

 

18,498

13,475

37.3%

Cargo Volume (thousand tons)

33.4

30.4

9.8%

 

85.2

81.0

5.2%

Total Aircraft Movements (thousands)

70.1

56.8

23.5%

 

199.8

156.4

27.8%

 

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2023 vs. 2019)

   

Statistics

Mar'23

Mar'19

% Var.

 

YTD’23

YTD'19(1)(2)

% Var.

Domestic Passengers (thousands)

3,644

3,945

-7.6%

 

10,525

11,545

-8.8%

International Passengers (thousands)

2,101

2,267

-7.3%

 

6,137

6,754

-9.1%

Transit Passengers (thousands)

587

694

-15.4%

 

1,837

2,272

-19.1%

Total Passengers (thousands)

6,332

6,906

-8.3%

 

18,498

20,571

-10.1%

Cargo Volume (thousand tons)

33.4

38.3

-12.7%

 

85.2

105.1

-19.0%

Total Aircraft Movements (thousands)

70.1

71.5

-2.0%

 

199.8

212.7

-6.1%

(1)

Note that preliminary passenger traffic figures for 2019, as well as January 2020 for Ezeiza Airport, in Argentina, 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)

Cargo volumes in Uruguay were rectified from January 2019 to June 2020, to reflect all cargo passing through the cargo terminal, instead of air cargo only.

Passenger Traffic Overview

Total passenger traffic grew 33.6% compared to the same month of 2022, supported by an ongoing recovery in travel demand after the Covid-19 pandemic, as reflected by higher load factors and the gradual resumption of routes and frequencies across all countries of operations. Overall passenger traffic reached 91.7% of March 2019 levels, up from the 88.1% posted in February, with international and domestic passenger traffic reaching 92.7% and 92.4% of March 2019 levels, respectively.

In Argentina, total passenger traffic continued to recover increasing 38.9% YoY and reaching 93.0% of March 2019 levels, up from the 91.3% posted in February. International passenger traffic reached 78.8% of pre-pandemic levels, above the 77.8% recorded in February, while domestic passenger traffic surpassed March 2019 pre-pandemic levels by 1.3%.

In Italy, passenger traffic grew 34.6% versus the same month of 2022. When compared to pre-pandemic levels, total traffic stood at 91.8% of March 2019, up from the 89.8% posted in February, with international passenger traffic, which accounted for almost 77% of total traffic, reaching 96.3% of March 2019 levels, up from the 93.0% recorded in February.

In Brazil, total passenger traffic increased 16.1% YoY, and reached 88.8% of March 2019 levels, up from 82.4% recorded in February. Domestic traffic, which accounted for more than 60% of total traffic, stood at 91.8% of pre-pandemic levels whereas transit passengers reached 86.1% of March 2019 levels.

In Uruguay, total passenger traffic, which is largely international, increased 49.0% YoY and reached 86.2% of March 2019 levels, up from the 72.8% posted in February, which was impacted by a weaker-than-expected seasonal tourism, in Punta del Este.

In Ecuador, passenger traffic increased 20.2% YoY and surpassed pre-pandemic levels by 6.4%. Domestic passenger traffic exceeded pre-pandemic levels by 15.9%, whereas international passenger traffic reached 96.6% of March 2019 pre-pandemic levels.

In Armenia, passenger traffic surpassed pre-pandemic levels for the eleventh consecutive month, at 181.9% of March 2019 figures. On a YoY basis, passenger traffic increased 91.2%.

Cargo Volume and Aircraft Movements

Cargo volume increased 9.8% YoY and reached 87.3% of March 2019 levels, or to 88.2% when adjusting for the discontinuation of operations in Peru. Cargo volumes in Armenia, Uruguay and Italy were above pre-pandemic levels, whereas Argentina stood at 87.0%, and Brazil and Ecuador stood at 69.1%. Around 80% of cargo volume originated in Argentina, Ecuador and Brazil.

Aircraft movements increased 23.5% YoY reaching 98.0% of March 2019 levels, or 101.3% when adjusting for the discontinuation of operations in Peru. Around 85% of aircraft movements originated in Argentina, Brazil and Ecuador, which reached 99.5%, 100.2% and 99.8% of March 2019 levels, respectively. Aircraft movements in all countries of operations reached or exceeded March 2019 levels, with Armenia exceeding pre-pandemic levels by 79.1%, except for Italy that stood at 89.8%.

Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2023 vs. 2022)

   

 

Mar'23

Mar'22

% Var.

 

YTD'23

YTD'22

% Var.

Passenger Traffic (thousands)

 

 

 

 

 

 

 

Argentina(1)

3,481

2,506

38.9%

 

10,269

7,064

45.4%

Italy

487

362

34.6%

 

1,296

802

61.5%

Brazil

1,405

1,210

16.1%

 

4,250

3,842

10.6%

Uruguay

160

107

49.0%

 

497

323

53.7%

Ecuador

436

363

20.2%

 

1,142

872

30.9%

Armenia

363

190

91.2%

 

1,045

571

83.1%

TOTAL

6,332

4,738

33.6%

 

18,498

13,475

37.3%

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

   

Cargo Volume (tons)

 

 

 



 

Argentina

 

 

17,527

16,165

8.4%

 

 

43,621

43,132

1.1%

Italy

 

 

1,254

1,536

-18.4%

 

 

3,362

3,909

-14.0%

Brazil

 

 

6,250

5,352

16.8%

 

 

16,047

13,959

15.0%

Uruguay(2)

 

 

2,920

2,928

-0.3%

 

 

6,981

7,023

-0.6%

Ecuador

 

 

2,734

3,262

-16.2%

 

 

7,915

9,244

-14.4%

Armenia

 

 

2,734

1,196

128.7%

 

 

7,239

3,689

96.2%

TOTAL

 

 

33,418

30,439

9.8%

 

 

85,165

80,956

5.2%

Aircraft Movements

 

 

 



 

Argentina

 

 

39,159

30,427

28.7%

 

 

110,355

82,106

34.4%

Italy

 

 

4,675

4,071

14.8%

 

 

12,520

10,071

24.3%

Brazil

 

 

13,397

11,402

17.5%

 

 

38,710

33,683

14.9%

Uruguay

 

 

2,702

2,385

13.3%

 

 

9,181

7,600

20.8%

Ecuador

 

 

6,922

6,458

7.2%

 

 

19,652

17,764

10.6%

Armenia

 

 

3,271

2,052

59.4%

 

 

9,416

5,151

82.8%

TOTAL

 

 

70,126

56,795

23.5%

 

 

199,834

156,375

27.8%

Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2023 vs. 2019)




 

 

Mar'23

Mar'19

% Var.

 

YTD'23

YTD'19

% Var.

Passenger Traffic (thousands)

 

 

 

 

 

 

 

Argentina(1)

3,481

3,741

-7.0%

 

10,269

11,103

-7.5%

Italy

487

531

-8.2%

 

1,296

1,420

-8.7%

Brazil

1,405

1,582

-11.2%

 

4,250

4,968

-14.5%

Uruguay

160

185

-13.8%

 

497

643

-22.7%

Ecuador

436

410

6.4%

 

1,142

1,105

3.3%

Armenia

363

200

81.9%

 

1,045

579

80.7%

Peru

 

258

-

 

-

753

-

TOTAL

6,332

6,906

-8.3%

 

18,498

20,571

-10.1%

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

Cargo Volume (tons)

 

 

 



 

 

Argentina

17,527

20,145

-13.0%

 

43,621

56,057

-22.2%

Italy

1,254

1,064

17.9%

 

3,362

3,081

9.1%

Brazil

6,250

9,042

-30.9%

 

16,047

23,524

-31.8%

Uruguay(2)

2,920

2,343

24.7%

 

6,981

6,379

9.4%

Ecuador

2,734

3,955

-30.9%

 

7,915

11,313

-30.0%

Armenia

2,734

1,331

105.4%

 

7,239

3,558

103.4%

Peru

-

404

-

 

-

1,191

-

TOTAL

33,418

38,282

-12.7%

 

85,165

105,102

-19.0%

Aircraft Movements

 

 

 

 

 

 

 

Argentina

39,159

39,347

-0.5%

 

110,355

115,890

-4.8%

Italy

4,675

5,206

-10.2%

 

12,520

14,152

-11.5%

Brazil

13,397

13,371

0.2%

 

38,710

40,751

-5.0%

Uruguay

2,702

2,548

6.0%

 

9,181

9,337

-1.7%

Ecuador

6,922

6,937

-0.2%

 

19,652

20,636

-4.8%

Armenia

3,271

1,826

79.1%

 

9,416

5,326

76.8%

Peru

-

2,308

-

 

-

6,646

-

TOTAL

70,126

71,543

-2.0%

 

199,834

212,738

-6.1%

About Corporación América Airports

Corporación América Airports acquires, develops and operates airport concessions. Currently, the Company operates 53 airports in 6 countries across Latin America and Europe (Argentina, Brazil, Uruguay, Ecuador, Armenia and Italy). In 2022, Corporación América Airports served 65.6 million passengers, 83.7% above the 35.7 million passengers served in 2021 and 22.1% below the 84.2 million served in 2019. 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
Patricio Iñaki Esnaola
Email: patricio.esnaola@caairports.com
Phone: +5411 4899-6716