6-K

CORPORACION AMERICA AIRPORTS S.A. (CAAP)

6-K 2023-08-16 For: 2023-08-16
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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 Agust, 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: August 16, 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 August 16,<br> 2023 - Corporación América Airports S.A. Reports July 2023 Passenger Traffic.

Exhibit 99.1

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

Total passenger traffic up 22.1% YoY reaching 96% of pre-pandemic levels

Armenia, Ecuador and Italy above July 2019 levels

Aircraft movements at 98% of July 2019

LUXEMBOURG--(BUSINESS WIRE)--August 16, 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 22.1% year-on-year (YoY) increase in passenger traffic in July 2023, reaching 96.3% of July 2019 levels.

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2023 vs. 2022)
Statistics Jul'23 Jul'22 % Var. YTD’23 YTD'22 % Var.
Domestic Passengers (thousands) 4,225 3,512 20.3% 25,904 20,788 24.6%
International Passengers (thousands) 2,808 2,198 27.8% 15,873 10,935 45.2%
Transit Passengers (thousands) 635 572 11.0% 4,117 3,136 31.3%
Total Passengers (thousands) 7,668 6,282 22.1% 45,894 34,859 31.7%
Cargo Volume (thousand tons) 30.8 26.0 18.6% 206.7 194.8 6.1%
Total Aircraft Movements (thousands) 76.3 65.7 16.2% 491.1 403.3 21.8%
Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2023 vs. 2019)
Statistics Jul'23 Jul'19 % Var. YTD’23 YTD'19^(1)(2)^ % Var.
Domestic Passengers (thousands) 4,225 4,515 -6.4% 25,904 27,219 -4.8%
International Passengers (thousands) 2,808 2,669 5.2% 15,873 16,416 -3.3%
Transit Passengers (thousands) 635 776 -18.2% 4,117 4,902 -16.0%
Total Passengers (thousands) 7,668 7,961 -3.7% 45,894 48,538 -5.4%
Cargo Volume (thousand tons) 30.8 35.1 -12.3% 206.7 245.8 -15.9%
Total Aircraft Movements (thousands) 76.3 77.7 -1.7% 491.1 497.3 -1.2%
(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.
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(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 22.1% 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 96.3% of July 2019 levels, down from 102.6% posted in June, with international passenger traffic surpassing pre-pandemic levels of July 2019 by 5.2%. Domestic traffic stood at 93.6% of July 2019.

In Argentina, total passenger traffic continued to recover in July, increasing 29.4% YoY and reaching 98.1% of pre-pandemic volumes, down from 105.9% in June. The sequential drop in the comparison against the same month of 2019 is explained by a deceleration in Domestic passenger traffic growth, which in previous months benefited from a government program aimed at boosting domestic tourism. However, Domestic traffic increased month-over-month on an absolute basis and was 2.4% higher than July 2019 levels. International passenger traffic continued to recover and reached 88.3% of pre-pandemic levels, up from the 83.1% recorded in June.

In Italy, passenger traffic grew by 16.4% compared to the same month in 2022 and surpassed pre-pandemic levels for the first time, increasing by 6.2% against July 2019. International passenger traffic, which accounted for 80% of the total traffic, exceeded July 2019 levels by 4.9%, while domestic passenger traffic surpassed pre-pandemic levels by 12.8%. Both Pisa and Florence airports either met or exceeded pre-pandemic traffic volumes in July.

In Brazil, total passenger traffic increased by 3.9% YoY and reached 87.9% of July 2019 pre-pandemic volumes. Domestic traffic, which accounted for nearly two thirds of total traffic, improved month-over-month on an absolute basis, reaching 92.0% of pre-pandemic levels, while transit passengers reached 77.6% of July 2019 levels, down from 95.1% in June. Traffic was affected by financial and aircraft constraints within some of the local airlines.

In Uruguay, total passenger traffic, which is largely international, continued to recover and increased 44.1% YoY, reaching 94.6% of July 2019 levels, up from 85.1% in June.

In Ecuador, passenger traffic increased 15.0% YoY and surpassed pre-pandemic volumes by 10.1%. Both domestic and international passenger traffic exceeded pre-pandemic levels by 14.2% and 6.5%, respectively.

In Armenia, passenger traffic continued its solid recovery trend and increased by 43.7% YoY, surpassing the pre-pandemic levels of July 2019 by 61.5%, down from 82.4% in June. The sequential drop in the comparison against the same month of 2019 is explained by the fact that the months of July and August are seasonally strong, and the Armenia airport is operating at its maximum capacity due to the significant growth it has experienced. This makes the comparison between July 2023 and July 2019 appear less favorable than the comparison between June 2023 and June 2019. In July 2019, the volume increased due to the high seasonality of the month, whereas in July 2023, although the traffic also increased due to the high seasonality, the growth was limited by the current capacity of the airport.

Cargo Volume and Aircraft Movements

Cargo volume increased 18.6% YoY to 87.7% of July 2019 levels, or 88.8% when adjusting for the discontinuation of operations in Peru. Cargo volumes in Armenia and Uruguay were above pre-pandemic levels, whereas Italy stood at 98.1%, Ecuador at 97.8%, Argentina at 86.2% and Brazil at 67.2%. Almost 70% of cargo volume originated in Argentina, Ecuador and Uruguay.

Aircraft movements increased 16.2% YoY to 98.3% of July 2019 levels, or exceeded pre-pandemic levels by 1.9% when adjusting for the discontinuation of operations in Peru. All the countries of operations, except Ecuador and Brazil, exceeded July 2019 pre-pandemic levels.


Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2023 vs. 2022)
Jul'23 Jul'22 % Var. YTD'23 YTD'22 % Var.
Passenger Traffic (thousands)
Argentina^(1)^ 3,979 3,075 29.4% 24,511 17,809 37.6%
Italy 944 811 16.4% 4,553 3,606 26.3%
Brazil 1,533 1,476 3.9% 9,905 8,591 15.3%
Uruguay 166 115 44.1% 1,095 763 43.6%
Ecuador 446 387 15.0% 2,830 2,317 22.2%
Armenia 601 418 43.7% 2,999 1,773 69.1%
TOTAL 7,668 6,282 22.1% 45,894 34,859 31.7%
(1) See Footnote 1 in previous table. (2) See Footnote 2 in previous table.
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Cargo Volume (tons)
--- --- --- --- --- --- ---
Argentina 15,828 14,193 11.5% 106,515 104,513 1.9%
Italy 1,137 1,216 -6.6% 7,872 8,814 -10.7%
Brazil 5,576 3,838 45.3% 37,109 32,020 15.9%
Uruguay^(2)^ 2,461 2,341 5.1% 18,411 19,382 -5.0%
Ecuador 2,897 2,527 14.6% 18,831 20,181 -6.7%
Armenia 2,903 1,845 57.3% 18,005 9,924 81.4%
TOTAL 30,802 25,961 18.6% 206,742 194,834 6.1%
Aircraft Movements
Argentina 40,777 32,768 24.4% 263,918 207,492 27.2%
Italy 8,979 8,218 9.3% 44,021 38,624 14.0%
Brazil 13,260 13,184 0.6% 92,914 80,353 15.6%
Uruguay 2,174 1,711 27.1% 18,731 15,566 20.3%
Ecuador 6,578 5,831 12.8% 46,255 43,949 5.2%
Armenia 4,580 3,973 15.3% 25,227 17,293 45.9%
TOTAL 76,348 65,685 16.2% 491,066 403,277 21.8%

Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2023 vs. 2019)
Jul'23 Jul'19 % Var. YTD'23 YTD'19 % Var.
Passenger Traffic (thousands)
Argentina^(1)^ 3,979 4,055 -1.9% 24,511 25,276 -3.0%
Italy 944 888 6.2% 4,553 4,667 -2.4%
Brazil 1,533 1,744 -12.1% 9,905 10,997 -9.9%
Uruguay 166 175 -5.4% 1,095 1,317 -16.8%
Ecuador 446 405 10.1% 2,830 2,635 7.4%
Armenia 601 372 61.5% 2,999 1,692 77.2%
Peru 322 - - 1,953 -
TOTAL 7,668 7,961 -3.7% 45,894 48,538 -5.4%
(1) See Footnote 1 in previous table. (2) See Footnote 2 in previous table.
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Cargo Volume (tons)
--- --- --- --- --- --- ---
Argentina 15,828 18,356 -13.8% 106,515 129,199 -17.6%
Italy 1,137 1,159 -1.9% 7,872 7,667 2.7%
Brazil 5,576 8,302 -32.8% 37,109 55,682 -33.4%
Uruguay^(2)^ 2,461 2,373 3.7% 18,411 16,536 11.3%
Ecuador 2,897 2,962 -2.2% 18,831 24,112 -21.9%
Armenia 2,903 1,539 88.7% 18,005 9,833 83.1%
Peru - 438 - - 2,799 -
TOTAL 30,802 35,128 -12.3% 206,742 245,827 -15.9%
Aircraft Movements
Argentina 40,777 40,108 1.7% 263,918 262,035 0.7%
Italy 8,979 8,608 4.3% 44,021 45,204 -2.6%
Brazil 13,260 14,309 -7.3% 92,914 92,684 0.2%
Uruguay 2,174 2,136 1.8% 18,731 17,987 4.1%
Ecuador 6,578 6,739 -2.4% 46,255 47,679 -3.0%
Armenia 4,580 3,040 50.7% 25,227 14,415 75.0%
Peru - 2,736 - - 17,271 -
TOTAL 76,348 77,676 -1.7% 491,066 497,275 -1.2%

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