6-K

CORPORACION AMERICA AIRPORTS S.A. (CAAP)

6-K 2023-02-15 For: 2023-02-15
View Original
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 February, 2023

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: February 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 February 15, 2023 - Corporación América Airports S.A. Reports January 2023 Passenger Traffic.
Exhibit 99.1
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Corporación América Airports S.A. Reports January 2023 Passenger Traffic

Total passenger traffic up 42.7% YoY reaching 90% of pre-pandemic levels;

Armenia and Ecuador above January 2019 levels, while Argentina and Brazil at 93% and 85%, respectively

LUXEMBOURG--(BUSINESS WIRE)--February 15, 2023--Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”) a leading private airport operator in the world, reported today a 42.7% YoY increase in passenger traffic in January 2023, reaching 89.9% of January 2019 levels.

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2023 vs. 2022)
Statistics Jan'23 Jan'22 % Var.
Domestic Passengers (thousands) 3,639 2,855 27.5%
International Passengers (thousands) 2,136 1,107 93.0%
Transit Passengers (thousands) 732 599 22.1%
Total Passengers (thousands) 6,507 4,561 42.7%
Cargo Volume (thousand tons) 26.3 25.1 5.1%
Total Aircraft Movements (thousands) 69.1 50.8 36.1%
Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2023 vs. 2019)
Statistics Jan'23 Jan'19 % Var.
Domestic Passengers (thousands) 3,639 4,010 -9.2%
International Passengers (thousands) 2,136 2,380 -10.2%
Transit Passengers (thousands) 732 850 -13.9%
Total Passengers (thousands) 6,507 7,240 -10.1%
Cargo Volume (thousand tons) 26.3 33.0 -20.1%
Total Aircraft Movements (thousands) 69.1 74.7 -7.4%
(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<br> 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<br> 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 42.7% 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 89.9% of January 2019 levels, up from the 87.2% posted in December, with international and domestic passenger traffic reaching 89.8% and 90.8% of January 2019 levels, respectively.

In Argentina, total passenger traffic continued to recover increasing 57.7% YoY and reaching 93.0% of January 2019 levels, up from the 92.1% posted in December. International passenger traffic reached 77.7% of pre-pandemic levels, down from the 82.7% recorded in December 2022, mainly as a result of a tough comparison due to a particularly strong January 2019. Domestic passenger traffic surpassed –for the first time– pre-pandemic levels, by 2.1%.

In Italy, passenger traffic grew 121.7% versus the same month of 2022, when traffic was heavily impacted by the Omicron variant. When compared to pre-pandemic levels, total traffic stood at 91.9% of January 2019, up from the 85.4% posted in December 2022, with international passenger traffic, which accounted for almost 75% of total traffic, reaching 92.6% of January 2019 levels.

In Brazil, total passenger traffic increased 4.3% YoY, and reached 85.3% of January 2019 levels, up from 84.3% recorded in December. Domestic traffic, which accounted for almost 60% of total traffic, improved to 86.0% of pre-pandemic levels whereas transit passengers reached 85.2% of January 2019 levels.

In Uruguay, total passenger traffic, which is largely international, increased 61.0% YoY and reached 74.4% of January 2019 levels, down from the 79.0% posted in December, partly impacted by a weaker-than-expected seasonal tourism, in Punta del Este.

In Ecuador, passenger traffic increased 48.8% YoY and surpassed pre-pandemic levels by 2.3%. International passenger traffic exceeded pre-pandemic levels by 9.3%, supported by routes to Europe, as well as the US and Panama, whereas domestic passenger traffic reached 96.6% of January 2019 pre-pandemic levels.

In Armenia, passenger traffic surpassed pre-pandemic levels for the ninth consecutive month, at 171.0% of January 2019 figures, improving from the 141.1% and 147.7% recorded in November and December, respectively. On a YoY basis, passenger traffic increased 69.8%.

Cargo Volume and Aircraft Movements

Cargo volume increased 5.1% YoY to 79.9% of January 2019 levels, or to 80.8% when adjusting for the discontinuation of operations in Peru. Cargo volumes in Armenia and Italy were above pre-pandemic levels, whereas Ecuador and Uruguay stood at 73.6% and 93.6%, respectively. Around 70% of cargo volume originated in Argentina and Brazil, which reported volume declines of 29.1% and 17.9% versus January 2019 pre-pandemic levels.

Aircraft movements increased 36.1% YoY reaching 92.6% of January 2019 levels, or 95.4% when adjusting for the discontinuation of operations in Peru. Around 75% of aircraft movements originated in Argentina and Brazil, which reached 93.8% and 92.7% of January 2019 levels, respectively. Aircraft movements in all countries of operations were above 90% of January 2019 levels, with Armenia exceeding pre-pandemic levels by 73.5%, except for Italy that stood at 88.6%.


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

Jan'23 Jan'22 % Var.
Passenger Traffic (thousands)
Argentina^(1)^ 3,585 2,273 57.7%
Italy 423 191 121.7%
Brazil 1,592 1,527 4.3%
Uruguay 183 114 61.0%
Ecuador 361 243 48.8%
Armenia 363 214 69.8%
TOTAL 6,507 4,561 42.7%
(1) See Footnote 1 in previous table. (2) See Footnote 2 in previous table.
Cargo Volume (tons)
--- --- --- ---
Argentina 13,359 13,638 -2.0%
Italy 1,052 1,155 -9.0%
Brazil 4,958 4,027 23.1%
Uruguay^(2)^ 1,985 2,070 -4.1%
Ecuador 2,747 3,130 -12.2%
Armenia 2,248 1,050 114.1%
TOTAL 26,348 25,071 5.1%
Aircraft Movements
--- --- --- ---
Argentina 37,642 25,230 49.2%
Italy 4,113 3,022 36.1%
Brazil 13,602 12,277 10.8%
Uruguay 3,767 2,831 33.1%
Ecuador 6,631 5,676 16.8%
Armenia 3,380 1,752 92.9%
TOTAL 69,135 50,788 36.1%

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

Jan'23 Jan'19 % Var.
Passenger Traffic (thousands)
Argentina^(1)^ 3,585 3,853 -7.0%
Italy 423 460 -8.1%
Brazil 1,592 1,866 -14.7%
Uruguay 183 247 -25.6%
Ecuador 361 353 2.3%
Armenia 363 212 71.0%
Peru - 249 -
TOTAL 6,507 7,240 -10.1%
(1) See Footnote 1 in previous table. (2) See Footnote 2 in previous table.
Cargo Volume (tons)
--- --- --- ---
Argentina 13,359 18,845 -29.1%
Italy 1,052 1,027 2.4%
Brazil 4,958 6,042 -17.9%
Uruguay^(2)^ 1,985 2,121 -6.4%
Ecuador 2,747 3,733 -26.4%
Armenia 2,248 859 161.8%
Peru - 370 -
TOTAL 26,348 32,996 -20.1%
Aircraft Movements
--- --- --- ---
Argentina 37,642 40,140 -6.2%
Italy 4,113 4,644 -11.4%
Brazil 13,602 14,670 -7.3%
Uruguay 3,767 3,941 -4.4%
Ecuador 6,631 7,154 -7.3%
Armenia 3,380 1,948 73.5%
Peru - 2,164 -
TOTAL 69,135 74,661 -7.4%

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