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Corporacion America Airports S.A 6-K, filed Apr 16, 2020

Corporacion America Airports S.A. (CAAP)

6-K 2020-04-16 For: 2020-04-15
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Added on April 04, 2026

About this 6-K

Corporacion America Airports S.A filed this 6-K on April 16, 2020.

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, 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: April 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
99.1 Press release dated April 15, 2020 - Corporación<br> América Airports S.A. Reports a 48.7% YoY decline in Total Passenger Traffic in March 2020.
Exhibit 99.1
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Corporación América Airports S.A. Reports a 48.7% YoY decline in Total Passenger Traffic in March 2020

Passenger traffic down across all countries of operations as a result of COVID-19 pandemic and travel restrictions worldwide

LUXEMBOURG--(BUSINESS WIRE)--April 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 a 48.7% decline year-over-year passenger traffic in March 2020.

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights
Statistics Mar'20^(2)^ Mar'19^(1)(2)^ % Var. YTD'20^(2)^ YTD'19^(1)(2)^ % Var.
Domestic Passengers (thousands) 2,056 3,945 -47.9% 9,861 11,545 -14.6%
International Passengers (thousands) 1,055 2,267 -53.4% 5,347 6,754 -20.8%
Transit Passengers (thousands) 429 694 -38.1% 1,903 2,272 -16.2%
Total Passengers (thousands) 3,540 6,906 -48.7% 17,111 20,571 -16.8%
Cargo Volume (thousand tons) 24.5 38.2 -35.9% 83.3 104.8 -20.6%
Total Aircraft Movements (thousands) 42.0 71.5 -41.3% 178.6 212.7 -16.0%
(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<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<br> 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,<br> 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<br> 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 March 2020 dropped 48.7% YoY, primarily reflecting lower travel demand along with travel restrictions imposed by governments, aiming to containing the spread of COVID-19 pandemic. International traffic declined by 53.4% YoY, while domestic traffic dropped 47.9% YoY.

In Argentina, total passenger traffic decreased 49.9% YoY, as a result of certain measures implemented by the Government mid-March in order to restrict both international and domestic flights. International passenger traffic declined 49.5%, while domestic passenger traffic dropped 50.0% YoY.

In Italy, as per government regulations, Florence Airport temporarily halted its operations starting March 14. Passenger traffic declined 82.9% YoY, with traffic at Florence airport down 83.8% YoY and traffic at Pisa Airport down 82.4% YoY.

In Brazil, total passenger traffic dropped 38.4% YoY, driven by a drop of 39.4% in domestic passenger traffic and a 42.1% decline in international passenger traffic. In Uruguay, passenger traffic declined 45.6% YoY. Containment measures implemented by the government include travel restrictions from certain countries, including Argentina, US and certain countries in Europe.

In Armenia, where travel restrictions were imposed late March, total passenger traffic dropped 38.2% YoY. In Ecuador, total passenger traffic declined 47.0% YoY, with government containment measures, including borders closure, implemented mid-march.

Cargo Volume and Aircraft Movements

Cargo volume decreased **** 35.9% on March 2020, mainly due to declines of 37.4% in Argentina, 46.6% in Brazil and 59.3% in Ecuador; partially offset by increases of 3.0% in Italy, 6.0% in Uruguay and 29.8% in Armenia.

Aircraft movements declined 41.3% YoY in March 2020, driven by decreases across all segments due to travel restrictions: 42.4% in Argentina, 63.4% in Italy, 26.6% in Brazil, 39.2% in Uruguay, 54.5% in Ecuador, 23.5% in Armenia and 34.7% in Peru.


Summary Passenger Traffic, Cargo Volume and Aircraft Movements
Mar'20^(2)^ MAr'19^(1)(2)^ % Var. YTD'20^(2)^ YTD'19^(1)(2)^ % Var.
Passenger Traffic (thousands)
Argentina 1,873 3,741 -49.9% 8,894 11,103 -19.9%
Italy 91 531 -82.9% 1,003 1,420 -29.3%
Brazil 974 1,582 -38.4% 4,365 4,968 -12.1%
Uruguay 101 185 -45.6% 526 643 -18.1%
Ecuador 217 410 -47.0% 980 1,105 -11.3%
Armenia 124 200 -38.2% 554 579 -4.2%
Peru 161 258 -37.5% 787 753 4.4%
TOTAL 3,540 6,906 -48.7% 17,111 20,571 -16.8%
(1) See Footnote 1 in previous table. (2) See Footnote 2 in previous table.
Cargo Volume (tons)
--- --- --- --- --- --- --- ---
Argentina 12,614 20,145 -37.4% 45,546 56,057 -18.8%
Italy 1,096 1,064 3.0% 3,212 3,081 4.3%
Brazil 4,827 9,042 -46.6% 15,690 23,524 -33.3%
Uruguay 2,383 2,249 6.0% 6,302 6,095 3.4%
Ecuador 1,611 3,955 -59.3% 7,134 11,313 -36.9%
Armenia 1,728 1,331 29.8% 4,331 3,558 21.7%
Peru 227 404 -43.7% 1,051 1,191 -11.7%
TOTAL 24,486 38,189 -35.9% 83,266 104,818 -20.6%
Aircraft Movements
Argentina 22,666 39,347 -42.4% 93,770 115,890 -19.1%
Italy 1,904 5,206 -63.4% 11,307 14,152 -20.1%
Brazil 9,815 13,371 -26.6% 36,664 40,751 -10.0%
Uruguay 1,548 2,548 -39.2% 7,685 9,337 -17.7%
Ecuador 3,157 6,937 -54.5% 17,200 20,636 -16.7%
Armenia 1,396 1,826 -23.5% 5,471 5,326 2.7%
Peru 1,506 2,308 -34.7% 6,497 6,646 -2.2%
TOTAL 41,992 71,543 -41.3% 178,594 212,738 -16.0%

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: gimena.albanesi@caairports.com

          Phone: +5411 4852-6411