6-K

CORPORACION AMERICA AIRPORTS S.A. (CAAP)

6-K 2023-09-15 For: 2023-09-15
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Added on April 04, 2026

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 September, 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: September 15, 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
99.1 Press release dated September 15,<br> 2023 - Corporación América Airports S.A. Reports August 2023 Passenger Traffic.

Exhibit 99.1

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

Total passenger traffic up 18.7% YoY reaching 99% of pre-pandemic levels

Armenia, Ecuador, Italy and Brazil above August 2019 levels

Aircraft movements at 99% of August 2019

LUXEMBOURG--(BUSINESS WIRE)--September 15, 2023--Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”), one of the leading private airport operators in the world, reported today a 18.7% year-on-year (YoY) increase in passenger traffic in August 2023, reaching 98.7% of August 2019 levels.

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2023 vs. 2022)
Statistics Aug'23 Aug'22 % Var. YTD’23 YTD'22 % Var.
Domestic Passengers (thousands) 4,108 3,451 19.0% 30,012 24,239 23.8%
International Passengers (thousands) 2,787 2,233 24.8% 18,661 13,167 41.7%
Transit Passengers (thousands) 596 629 -5.3% 4,713 3,765 25.2%
Total Passengers (thousands) 7,491 6,313 18.7% 53,385 41,172 29.7%
Cargo Volume (thousand tons) 31.0 26.8 15.4% 237.7 221.7 7.2%
Total Aircraft Movements (thousands) 77.0 69.3 11.0% 568.0 472.6 20.2%
Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2023 vs. 2019)
--- --- --- --- --- --- ---
Statistics Aug'23 Aug'19 % Var. YTD’23 YTD'19^(1)(2)^ % Var.
Domestic Passengers (thousands) 4,108 4,265 -3.7% 30,012 31,484 -4.7%
International Passengers (thousands) 2,787 2,683 3.9% 18,661 19,100 -2.3%
Transit Passengers (thousands) 596 644 -7.5% 4,713 5,546 -15.0%
Total Passengers (thousands) 7,491 7,592 -1.3% 53,385 56,130 -4.9%
Cargo Volume (thousand tons) 31.0 32.4 -4.5% 237.7 278.3 -14.6%
Total Aircraft Movements (thousands) 77.0 77.1 -0.1% 568.0 574.3 -1.1%
(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<br> 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<br> 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 18.7% compared to the same month of 2022, supported by the ongoing recovery in travel demand after the Covid-19 pandemic and the gradual resumption of routes and frequencies across all countries of operations. Overall passenger traffic reached 98.7% of August 2019 levels, up from 96.3% posted in July, with international passenger traffic surpassing pre-pandemic levels of August 2019 by 3.9%. Domestic traffic stood at 96.3% of August 2019, up from 93.6% in July.

In Argentina, total passenger traffic continued to recover in August, increasing 23.8% year-over-year (YoY) and reaching 98.4% of pre-pandemic volumes, a slight improvement from 98.1% in July. Domestic traffic had declined compared to May and June when it benefited from a government program aimed at boosting domestic tourism. However, domestic traffic increased on an absolute basis month-over-month and was 2.9% higher than August 2019 levels. International passenger traffic also continued to recover, reaching 87.0% of pre-pandemic levels, a slight decrease from the 88.3% recorded in July.

In Italy, passenger traffic benefited from the summer season and grew by 16.8% compared to the same month in 2022 and surpassed pre-pandemic levels for the second consecutive month, increasing by 4.1% compared to August 2019. International passenger traffic, which accounted for 80% of the total traffic, exceeded August 2019 levels by 1.6%, while domestic passenger traffic surpassed pre-pandemic levels by 16.4%. Although some pre-pandemic destinations still need to resume at Pisa airport, Florence airport has already exceeded 2019 levels and was 19.8% above August 2019 traffic volumes.

In Brazil, total passenger traffic increased by 3.8% YoY and surpassed pre-pandemic levels for the first time, rising by 1.4% compared to August 2019. Domestic traffic, which accounted for two-thirds of the total traffic, exceeded pre-pandemic levels by 7.8%, while transit passengers improved to 88.9% of August 2019 levels, up from 77.6% in July.

In Uruguay, total passenger traffic, which is largely international, continued to recover and increased 35.1% YoY, reaching 91.3% of August 2019 levels, a slight decline from 94.6% recorded in July.

In Ecuador, passenger traffic increased 5.2% YoY and surpassed pre-pandemic volumes by 6.5%. Both domestic and international passenger traffic exceeded pre-pandemic levels by 12.0% and 2.0%, respectively.

In Armenia, passenger traffic continued its solid recovery trend, increasing by 41.9% YoY and surpassing the pre-pandemic levels of August 2019 by 62.0%. This is consistent with the 61.5% growth recorded in July but a decline from the 82.4% growth observed in June. The drop in the comparison against the same month of 2019, as compared to June, is explained by the fact that July and August are traditionally strong months in terms of passenger traffic, and the Armenia airport is operating at its maximum capacity due to the significant growth it has experienced. This makes the comparison between August 2023 and August 2019 appear less favorable than the comparison between June 2023 and June 2019. In August 2019, the volume increased due to the high seasonality of the month, whereas in August 2023, although traffic also increased due to high seasonality, the growth was limited by the current capacity of the airport.

Cargo Volume and Aircraft Movements

Cargo volume increased 15.4% YoY and improved to 95.5% of August 2019 levels, or 97.1% when adjusting for the discontinuation of operations in Peru. Cargo volumes in Armenia and Uruguay were above pre-pandemic levels, whereas Italy stood at 90.8%, Ecuador at 99.2%, Argentina at 92.6% and Brazil at 86.1%. Almost 70% of cargo volume originated in Argentina, Ecuador and Uruguay.

Aircraft movements increased 11.0% YoY to 99.9% of August 2019 levels, or exceeded pre-pandemic levels by 3.7% when adjusting for the discontinuation of operations in Peru. All the countries of operations, except Ecuador, exceeded August 2019 pre-pandemic levels.


Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2023 vs. 2022)
Aug'23 Aug'22 % Var. YTD'23 YTD'22 % Var.
Passenger Traffic (thousands)
Argentina^(1)^ 3,815 3,080 23.8% 28,325 20,889 35.6%
Italy 939 804 16.8% 5,493 4,410 24.5%
Brazil 1,487 1,433 3.8% 11,392 10,024 13.6%
Uruguay 158 117 35.1% 1,253 880 42.4%
Ecuador 445 423 5.2% 3,276 2,740 19.6%
Armenia 647 456 41.9% 3,647 2,229 63.6%
TOTAL 7,491 6,313 18.7% 53,385 41,172 29.7%
(1) See Footnote 1 in previous table. (2) See Footnote 2 in previous table.
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Cargo Volume (tons)
--- --- --- --- --- --- ---
Argentina 15,973 15,147 5.4% 122,487 119,660 2.4%
Italy 751 977 -23.1% 8,624 9,792 -11.9%
Brazil 5,878 3,559 65.1% 42,987 35,579 20.8%
Uruguay^(2)^ 2,519 2,568 -1.9% 20,930 21,950 -4.6%
Ecuador 2,909 2,514 15.7% 21,740 22,695 -4.2%
Armenia 2,944 2,072 42.1% 20,948 11,995 74.6%
TOTAL 30,974 26,837 15.4% 237,716 221,672 7.2%
Aircraft Movements
--- --- --- --- --- --- ---
Argentina 41,025 35,748 14.8% 304,943 243,240 25.4%
Italy 8,466 7,568 11.9% 52,487 46,192 13.6%
Brazil 13,630 12,754 6.9% 106,544 93,107 14.4%
Uruguay 2,264 1,959 15.6% 20,995 17,525 19.8%
Ecuador 6,852 7,172 -4.5% 53,107 51,121 3.9%
Armenia 4,721 4,123 14.5% 29,948 21,416 39.8%
TOTAL 76,958 69,324 11.0% 568,024 472,601 20.2%

Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2023 vs. 2019)
Aug'23 Aug'19 % Var. YTD'23 YTD'19 % Var.
Passenger Traffic (thousands)
Argentina^(1)^ 3,815 3,875 -1.6% 28,325 29,151 -2.8%
Italy 939 902 4.1% 5,493 5,569 -1.4%
Brazil 1,487 1,467 1.4% 11,392 12,464 -8.6%
Uruguay 158 173 -8.7% 1,253 1,490 -15.9%
Ecuador 445 418 6.5% 3,276 3,053 7.3%
Armenia 647 400 62.0% 3,647 2,092 74.3%
Peru 358 - - 2,311 -
TOTAL 7,491 7,592 -1.3% 53,385 56,130 -4.9%
(1) See Footnote 1 in previous table. (2) See Footnote 2 in previous table.
--- ---
Cargo Volume (tons)
--- --- --- --- --- --- ---
Argentina 15,973 17,247 -7.4% 122,487 146,445 -16.4%
Italy 751 827 -9.2% 8,624 8,494 1.5%
Brazil 5,878 6,823 -13.9% 42,987 62,505 -31.2%
Uruguay^(2)^ 2,519 2,280 10.5% 20,930 18,816 11.2%
Ecuador 2,909 2,933 -0.8% 21,740 27,044 -19.6%
Armenia 2,944 1,773 66.0% 20,948 11,606 80.5%
Peru - 540 - - 3,340 -
TOTAL 30,974 32,423 -4.5% 237,716 278,250 -14.6%
Aircraft Movements
--- --- --- --- --- --- ---
Argentina 41,025 39,702 3.3% 304,943 301,737 1.1%
Italy 8,466 8,379 1.0% 52,487 53,583 -2.0%
Brazil 13,630 13,370 1.9% 106,544 106,054 0.5%
Uruguay 2,264 2,084 8.6% 20,995 20,071 4.6%
Ecuador 6,852 7,423 -7.7% 53,107 55,102 -3.6%
Armenia 4,721 3,221 46.6% 29,948 17,636 69.8%
Peru - 2,894 - - 20,165 -
TOTAL 76,958 77,073 -0.1% 568,024 574,348 -1.1%

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