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 June, 2024
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
x 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: June 17, 2024
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Corporación
America Airports S.A. |
| |
|
| |
By: |
/s/ Andres Zenarruza |
| |
Name:
Andres Zenarruza |
| |
Title:
Head of Legal & Compliance |
| |
|
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By: |
/s/ Jorge Arruda |
| |
Name:
Jorge Arruda |
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Title:
Chief Financial Officer |
Exhibit Index
Exhibit 99.1
Corporación
América Airports S.A. Reports May 2024 Passenger Traffic
Total
passenger traffic down 9.5% YoY, or 7.2% YoY ex-Natal
International
passenger traffic up 8.3% YoY
Luxembourg,
June 17, 2024— Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”),
one of the leading private airport operators in the world, reported today a 9.5% year-on-year (YoY) decrease in passenger traffic in
May 2024. Excluding Natal for comparison purposes, total traffic in May decreased by 7.2% YoY.
| Passenger
Traffic, Cargo Volume and Aircraft Movements Highlights (2024 vs. 2023) |
| Statistics |
May'24 |
May'23 |
%
Var. |
|
YTD’24 |
YTD'23 |
%
Var. |
|
| Domestic
Passengers (thousands) |
2,958 |
3,735 |
-20.8% |
|
16,298 |
17,867 |
-8.8% |
|
| International
Passengers (thousands) |
2,487 |
2,296 |
8.3% |
|
11,847 |
10,694 |
10.8% |
|
| Transit
Passengers (thousands) |
511 |
550 |
-7.2% |
|
2,845 |
2,873 |
-1.0% |
|
| Total
Passengers (thousands)1 |
5,955 |
6,581 |
-9.5% |
|
30,989 |
31,434 |
-1.4% |
|
| Cargo
Volume (thousand tons) |
31.5 |
31.6 |
-0.1% |
|
152.5 |
146.7 |
4.0% |
|
| Total
Aircraft Movements (thousands) |
64.8 |
72.6 |
-10.8% |
|
329.3 |
341.7 |
-3.6% |
|
1
Excluding Natal for comparison purposes, total passenger traffic was down 7.2% in May and up 0.6% YTD.
Monthly
Passenger Traffic Performance
(In
million PAX)
Passenger
Traffic Overview
Total
passenger traffic declined 9.5% compared to the same month of 2023, or 7.2% when adjusting for the discontinuation of the Natal airport.
Domestic passenger traffic was down 20.8% year-over-year (YoY), or 17.3% when excluding Natal, mainly impacted by weaker performances
in Argentina and, to a lesser extent, Ecuador. International traffic was up 8.3%, mainly driven by Argentina, Italy and Uruguay.
In
Argentina, total passenger traffic declined 15.3% YoY, driven by weaker performance in domestic traffic, which was down by 23.3%
YoY. Domestic traffic, which last year included incentives from a government program called 'Previaje' to boost domestic tourism, was
also impacted by some flight cancellations and the temporary suspension of a few routes operated by Aerolíneas Argentinas, in
addition to the prevailing recession in the country. International passenger traffic continued to perform well, increasing by 6.5% YoY.
Notably, May traffic was negatively impacted by a general strike launched by Argentine unions on May 9.
In
Italy, passenger traffic grew by 15.7% compared to the same month in 2023. International passenger traffic, which accounted for
over 80% of the total traffic, increased by 18.2% YoY, with strong performances at both Pisa and Florence airports. Domestic passenger
traffic increased by 5.9% YoY, impacted by weaker performance at Pisa Airport, where some pre-pandemic domestic destinations have yet
to resume.
In
Brazil, total passenger traffic decreased by 16.2% YoY, or by 4.8% YoY when adjusting for the discontinuation of Natal Airport.
Domestic traffic, which accounted for over 60% of the total traffic, was down 20.8% YoY, or 3.6% when excluding Natal, while transit
passengers were down 7.5% YoY. Traffic in Brazil remained heavily impacted by financial and aircraft constraints in some of the local
airlines, causing a lack of supply. As a reminder, following the friendly termination process concluded in February 2024, CAAP no longer
operates Natal Airport, effective February 19, 2024. Therefore, statistics for Natal are available up to February 18, 2024.
In
Uruguay, total passenger traffic, predominantly international, continued its recovery and increased by 12.1% YoY. During May,
JetSMART Airlines inaugurated a new route between Montevideo and Buenos Aires with two daily frequencies, while SKY Airline increased
the frequency of its Montevideo to Lima route.
In
Ecuador, passenger traffic decreased by 3.8% YoY as the increase in international traffic was more than offset by weak performance
in domestic traffic. International passenger traffic increased by 5.1% YoY, while domestic traffic decreased by 11.6% YoY, mainly driven
by the exit of the local airline Equair and national insecurity issues.
In
Armenia, passenger traffic increased by 0.6% YoY, following a strong recovery experienced in 2023, which benefited from the introduction
of new airlines, along with a higher number of flight frequencies.
Cargo
Volume and Aircraft Movements
Cargo
volume remained largely flat compared to the same month in 2023, with positive YoY contributions from Uruguay, Ecuador and, to a
lesser extent, Argentina, which were more than offset by negative YoY variances in Brazil, Armenia and Italy. Argentina, Ecuador, and
Uruguay accounted for over 70% of the total volume and experienced YoY increases of 0.5%, 12.6%, and 17.1%, respectively.
Aircraft
movements decreased by 10.8% YoY, with all countries of operation experiencing YoY declines except for Italy, where aircraft movements
increased by 10.9% YoY. Argentina, Brazil, and Italy accounted for more than 80% of total aircraft movements in May.
Summary
Passenger Traffic, Cargo Volume and Aircraft Movements (2024 vs. 2023)
| |
May'24 |
May'23 |
%
Var. |
|
YTD'24 |
YTD'23 |
%
Var. |
|
| Passenger
Traffic (thousands) |
|
|
|
|
|
|
|
|
| Argentina |
2,916 |
3,441 |
-15.3% |
|
16,870 |
17,025 |
-0.9% |
|
| Italy |
888 |
767 |
15.7% |
|
3,173 |
2,785 |
13.9% |
|
| Brazil
(1) |
1,165 |
1,392 |
-16.2% |
|
6,209 |
6,957 |
-10.7% |
|
| Uruguay |
156 |
139 |
12.1% |
|
957 |
795 |
20.4% |
|
| Ecuador |
393 |
409 |
-3.8% |
|
1,913 |
1,987 |
-3.8% |
|
| Armenia |
436 |
433 |
0.6% |
|
1,867 |
1,884 |
-0.9% |
|
| TOTAL |
5,955 |
6,581 |
-9.5% |
|
30,989 |
31,434 |
-1.4% |
|
| (1) | Following
the friendly termination process concluded in February 2024, CAAP no longer operates Natal
airport. Statistics for Natal are available up to February 18, 2024. |
| Cargo
Volume (tons) |
|
|
|
|
|
|
|
|
| Argentina |
16,856 |
16,775 |
0.5% |
|
78,319 |
75,614 |
3.6% |
|
| Italy
|
1,137 |
1,207 |
-5.8% |
|
5,313 |
5,573 |
-4.7% |
|
| Brazil |
4,584 |
5,332 |
-14.0% |
|
25,196 |
26,083 |
-3.4% |
|
| Uruguay |
2,986 |
2,549 |
17.1% |
|
12,599 |
13,116 |
-3.9% |
|
| Ecuador |
3,279 |
2,912 |
12.6% |
|
16,291 |
13,705 |
18.9% |
|
| Armenia |
2,686 |
2,790 |
-3.7% |
|
14,768 |
12,576 |
17.4% |
|
| TOTAL |
31,528 |
31,564 |
-0.1% |
|
152,485 |
146,667 |
4.0% |
|
| Aircraft
Movements |
|
|
|
|
|
|
|
|
| Argentina |
33,072 |
37,948 |
-12.8% |
|
181,380 |
185,213 |
-2.1% |
|
| Italy
|
8,329 |
7,512 |
10.9% |
|
29,456 |
26,777 |
10.0% |
|
| Brazil |
11,540 |
14,227 |
-18.9% |
|
58,496 |
65,689 |
-11.0% |
|
| Uruguay |
2,207 |
2,324 |
-5.0% |
|
14,361 |
14,308 |
0.4% |
|
| Ecuador |
6,297 |
6,875 |
-8.4% |
|
31,279 |
33,159 |
-5.7% |
|
| Armenia |
3,310 |
3,700 |
-10.5% |
|
14,318 |
16,585 |
-13.7% |
|
| TOTAL |
64,755 |
72,586 |
-10.8% |
|
329,290 |
341,731 |
-3.6% |
|
About
Corporación América Airports
Corporación
América Airports acquires, develops and operates airport concessions. Currently, the Company operates 52 airports in 6 countries
across Latin America and Europe (Argentina, Brazil, Uruguay, Ecuador, Armenia and Italy). In 2023, Corporación América
Airports served 81.1 million passengers, 23.7% above the 65.6 million passengers served in 2022 and 3.6% 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.
Investor
Relations Contact
Patricio Iñaki
Esnaola
Email: patricio.esnaola@caairports.com
Phone: +5411
4899-6716
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