0001157523-22-000773.txt : 20220616 0001157523-22-000773.hdr.sgml : 20220616 20220616163131 ACCESSION NUMBER: 0001157523-22-000773 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220616 FILED AS OF DATE: 20220616 DATE AS OF CHANGE: 20220616 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CORPORACION AMERICA AIRPORTS S.A. CENTRAL INDEX KEY: 0001717393 STANDARD INDUSTRIAL CLASSIFICATION: AIRPORTS, FLYING FIELDS & AIRPORT TERMINAL SERVICES [4581] IRS NUMBER: 000000000 STATE OF INCORPORATION: N4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38354 FILM NUMBER: 221021011 BUSINESS ADDRESS: STREET 1: 4 RUE DE LA GREVE CITY: LUXEMBOURG STATE: N4 ZIP: L-1643 BUSINESS PHONE: 352-26258274 MAIL ADDRESS: STREET 1: 4 RUE DE LA GREVE CITY: LUXEMBOURG STATE: N4 ZIP: L-1643 6-K 1 a52752111.htm CORPORACION AMERICA AIRPORTS S.A.

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, 2022

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: June 16, 2022

 
Corporación America Airports S.A.
 
 
 
 By: /s/ Andres Zenarruza         
 
 Name: Andres Zenarruza
 
 Title: Legal Manager
 
 
 
 By: /s/ Jorge Arruda          
 
 Name: Jorge Arruda
 
Title: Chief Financial Officer


Exhibit Index

Exhibit No.
Description
   

 

 EX-99.1 2 a52752111ex99_1.htm EXHIBIT 99.1
Exhibit 99.1


Corporación América Airports S.A. Reports May 2022 Passenger Traffic

Total passenger traffic continued to recover reaching 75.5% of May 2019 traffic levels;

Ecuador and Armenia at 97% and 107% of pre-pandemic levels, respectively

LUXEMBOURG--(BUSINESS WIRE)--June 16, 2022--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 188.3% YoY increase in passenger traffic in May 2022, reaching 75.5% of pre-pandemic levels of May 2019.

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2022 vs. 2021)

Statistics

May'22

May'21

% Var.

 

YTD’22

YTD'21(1)(2)(3)

% Var.

Domestic Passengers (thousands)

2,966

1,017

191.6%

 

14,394

6,476

122.3%

International Passengers (thousands)

1,749

418

318.2%

 

6,873

1,782

285.7%

Transit Passengers (thousands)

363

326

11.4%

 

2,179

1,658

31.4%

Total Passengers (thousands)

5,077

1,761

188.3%

 

23,446

9,916

136.4%

Cargo Volume (thousand tons)

30.8

27.6

11.4%

 

141.4

125.6

12.6%

Total Aircraft Movements (thousands)

61.1

31.1

96.7%

 

276.2

160.0

72.6%

 

Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2022 vs. 2019)

Statistics

May'22

May'19(1)

% Var.

 

YTD’22

YTD'19(1)(3)

% Var.

Domestic Passengers (thousands)

2,966

3,768

-21.3%

 

14,394

19,047

-24.4%

International Passengers (thousands)

1,749

2,332

-25.0%

 

6,873

11,392

-39.7%

Transit Passengers (thousands)

363

621

-41.6%

 

2,179

3,515

-38.0%

Total Passengers (thousands)

5,077

6,721

-24.5%

 

23,446

33,954

-30.9%

Cargo Volume (thousand tons)

30.8

35.5

-13.2%

 

141.4

177.7

-20.4%

Total Aircraft Movements (thousands)

61.1

70.5

-13.3%

 

276.2

351.7

-21.5%

(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 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 on departure passengers.

(2)

Preliminary data on 1,256 flights in January 2020 at Brasilia Airport, due to delays in the submission of information by third parties.

(3)

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 in May 2022 grew 188.3% compared to the same month of last year, driven by increases across all countries of operations, particularly in Italy, Argentina and Brazil, boosted by higher traffic demand as a consequence of the lifting of travel restrictions and the re-opening of borders on November 1, 2021, in Argentina and Uruguay. Overall passenger traffic recovered to 75.5% of May 2019 levels, from 73.5% in April. International and domestic passenger traffic improved sequentially reaching 75.0% and 78.7% of pre-pandemic levels of May 2019, respectively.

In Argentina, total passenger traffic increased 449% YoY and reached 74.8% of May 2019 levels, with international passenger traffic improving to 60.8% of pre-pandemic levels, showing a continued strong recovery from the 6.2% of 2019 levels posted in July 2021, the lowest level of the year. In addition, traffic improved sequentially from the 48.4% and 57.2% reached in March and April, respectively. International traffic YoY comparison continued to benefit from the full re-opening of borders on November 1, 2021 and the gradual lifting of travel requirements. Domestic passenger traffic also performed well, reaching 81.3% of May 2019 levels, slightly down from the 84.6% posted in April. Effective April 7, 2022, Covid tests are no longer required and travelers must complete an affidavit form. In addition, foreigners are required to present a Covid-19 health insurance.

In Italy, passenger traffic grew 786% YoY and stood at 85.0% of May 2019 levels, a strong sequential improvement from the 68.2% and 78.1% posted in March and April, respectively. Traffic trends are expected to improve further in the coming months as the summer season approaches, also reflecting the lifting of travel restrictions effective June 1, 2022.

In Brazil, total passenger traffic increased 55.3% YoY, and reached 78.6% of May 2019 pre-pandemic levels, up from the 73.0% recorded in April. Domestic traffic, which accounted for 72% of total traffic, stood at 94.1% of pre-pandemic levels whereas transit passengers reached 53.3% of May 2019 levels.

Total passenger traffic in Uruguay increased 535% YoY and reached 66.1% of May 2019 levels, up from the 57.9% and 63.4% posted in March and April, respectively. Traffic in Uruguay continues to improve following the full re-opening of borders on November 1, 2021 together with the gradual relaxation of travel requirements.

In Ecuador, passenger traffic increased 112% YoY, reaching 97.1% of May 2019 levels, up from the 88.5% and 95.2% posted in March and April, respectively. International passenger traffic continued to recover reaching pre-pandemic levels, boosted by routes to Europe, as well as the US and Panama, which have been seeing higher passenger traffic than in 2019 for several months now. Domestic passenger traffic also performed well, reaching 94.1% of May 2019 pre-pandemic levels.

In Armenia, total passenger traffic increased 56.9% YoY. Passenger traffic continued performing well, surpassing pre-pandemic levels, at 107.4% of May 2019, improving from the 95.1% and 96.4% recorded in March and April, respectively.

Cargo Volume and Aircraft Movements

Cargo volume increased 11.4% YoY and stood at 86.8% of May 2019 levels, or at 87.8% when adjusting for the discontinuation in Peru. Close to two thirds of cargo volume came from Argentina and Uruguay, which reported volumes at 83.0% and 160.6% of May 2019 pre-pandemic levels.

Aircraft movements increased 96.7% YoY and stood at 86.7% of May 2019 levels, or at 90.3% when adjusting for the discontinuation of operations in Peru. Aircraft movements in Argentina, which accounted for more than half of total movement, stood at 85.8% of pre-pandemic levels. To note, aircraft movements in Ecuador, Italy, Uruguay and Brazil was above 90% of May 2019 levels and surpassed pre-pandemic levels by 1.4x in Armenia.

Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2022 vs. 2021)

 

May'22

May'21

% Var.

 

YTD'22

YTD'21

% Var.

Passenger Traffic (thousands)

 

 

 

 

 

 

 

Argentina(1)

2,554

465

448.8%

 

12,167

3,986

205.2%

Italy

666

75

785.7%

 

2,044

188

985.1%

Brazil(2)

1,125

725

55.3%

 

6,043

3,833

57.7%

Uruguay

109

17

535.1%

 

544

75

628.8%

Ecuador

361

170

112.0%

 

1,607

694

131.7%

Armenia

261

166

56.9%

 

1,041

571

82.2%

Peru

-

142

-100.0%

 

-

569

-100.0%

TOTAL

5,077

1,761

188.3%

 

23,446

9,916

136.4%

(1) See Footnote 1 in previous table. (2) See Footnote 2 in previous table. (3) See Footnote 3 in previous table.

Cargo Volume (tons)

 

 

 


 

 

 

Argentina

15,729

14,665

7.3%


75,677

66,744

13.4%

Italy

1,276

1,277

-0.1%


6,278

5,846

7.4%

Brazil

5,301

5,257

0.8%


23,615

25,369

-6.9%

Uruguay(3)

4,279

2,989

43.2%


14,527

12,817

13.3%

Ecuador

2,858

1,639

74.4%


14,921

7,390

101.9%

Armenia

1,322

1,556

-15.0%


6,412

6,243

2.7%

Peru

-

243

-100.0%


-

1,151

-100.0%

TOTAL

30,765

27,627

11.4%


141,430

125,562

12.6%

Aircraft Movements

 

 

 


 

 

 

Argentina

31,043

13,374

132.1%


144,084

79,649

80.9%

Italy

7,007

2,076

237.5%


22,799

5,540

311.5%

Brazil

11,708

7,528

55.5%


55,929

39,584

41.3%

Uruguay

1,996

1,105

80.6%


11,915

4,384

171.8%

Ecuador

6,711

3,972

69.0%


31,331

18,746

67.1%

Armenia

2,677

1,593

68.0%


10,114

5,913

71.0%

Peru

-

1,440

-100.0%


-

6,168

-100.0%

TOTAL

61,142

31,088

96.7%


276,172

159,984

72.6%

Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2022 vs. 2019)

 

May'22

May'19

% Var.

 

YTD'22

YTD'19

% Var.

Passenger Traffic (thousands)

 

 

 

 

 

 

 

Argentina(1)

2,554

3,415

-25.2%

 

12,167

17,909

-32.1%

Italy

666

784

-15.0%

 

2,044

2,940

-30.5%

Brazil(2)

1,125

1,431

-21.4%

 

6,043

7,874

-23.2%

Uruguay

109

165

-33.9%

 

544

984

-44.7%

Ecuador

361

372

-2.9%

 

1,607

1,869

-14.0%

Armenia

261

243

7.4%

 

1,041

1,039

0.2%

Peru

-

311

-100.0%

 

-

1,340

-100.0%

TOTAL

5,077

6,721

-24.5%

 

23,446

33,954

-30.9%

(1) See Footnote 1 in previous table. (2) See Footnote 2 in previous table. (3) See Footnote 3 in previous table.

Cargo Volume (tons)

 

 

 


 

 

 

Argentina

15,729

18,941

-17.0%


75,677

93,823

-19.3%

Italy

1,276

1,100

16.0%


6,278

5,466

14.9%

Brazil

5,301

7,611

-30.4%


23,615

39,774

-40.6%

Uruguay(3)

4,279

2,664

60.6%


14,527

12,058

20.5%

Ecuador

2,858

3,246

-12.0%


14,921

17,875

-16.5%

Armenia

1,322

1,492

-11.4%


6,412

6,754

-5.1%

Peru

-

407

-100.0%


-

1,986

-100.0%

TOTAL

30,765

35,461

-13.2%


141,430

177,736

-20.4%

Aircraft Movements

 

 

 


 

 

 

Argentina

31,043

36,193

-14.2%


144,084

187,636

-23.2%

Italy

7,007

7,500

-6.6%


22,799

28,516

-20.0%

Brazil

11,708

12,965

-9.7%


55,929

66,430

-15.8%

Uruguay

1,996

2,202

-9.4%


11,915

13,914

-14.4%

Ecuador

6,711

6,926

-3.1%


31,331

34,396

-8.9%

Armenia

2,677

1,944

37.7%


10,114

9,014

12.2%

Peru

-

2,798

-100.0%


-

11,827

-100.0%

TOTAL

61,142

70,528

-13.3%


276,172

351,733

-21.5%

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 2021, Corporación América Airports served 35.7 million passengers, or 42.4% of the 84.2 million passengers 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