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 May, 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: May 20, 2024
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Corporación
America Airports S.A. |
|
|
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By: /s/ Andres Zenarruza |
|
Name: Andres Zenarruza |
|
Title: Head of Legal &
Compliance |
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By: /s/ Jorge Arruda |
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Name: Jorge Arruda |
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Title: Chief Financial Officer |
Exhibit Index
Exhibit 99.1
Corporación América
Airports S.A. Reports April 2024 Passenger Traffic
Total passenger traffic
down 4.8% YoY, or 2.2% YoY ex-Natal
International passenger
traffic up 6.3% YoY
Luxembourg, May 20, 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 4.8% year-on-year (YoY) decrease in passenger traffic in April 2024. Excluding Natal for comparison purposes,
total traffic in April decreased by 2.2% YoY.
Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2024 vs. 2023) |
Statistics |
Apr'24 |
Apr'23 |
% Var. |
|
YTD’24 |
YTD'23 |
% Var. |
|
Domestic Passengers (thousands) |
3,110 |
3,608 |
-13.8% |
|
13,340 |
14,132 |
-5.6% |
|
International Passengers (thousands) |
2,404 |
2,262 |
6.3% |
|
9,360 |
8,398 |
11.5% |
|
Transit Passengers (thousands) |
536 |
485 |
10.4% |
|
2,334 |
2,322 |
0.5% |
|
Total Passengers (thousands) |
6,050 |
6,354 |
-4.8% |
|
25,034 |
24,853 |
0.7% |
|
Cargo Volume (thousand tons) |
33.0 |
29.9 |
10.3% |
|
121.0 |
115.1 |
5.1% |
|
Total Aircraft Movements (thousands) |
64.4 |
69.3 |
-7.1% |
|
264.5 |
269.1 |
-1.7% |
|
Monthly Passenger Traffic Performance
(In million PAX)
![](https://www.sec.gov/Archives/edgar/data/1717393/000110465924063435/image_002.jpg)
![](https://www.sec.gov/Archives/edgar/data/1717393/000110465924063435/image_003.jpg)
Passenger Traffic Overview
Total passenger traffic declined 4.8% compared
to the same month of 2023, or 2.2% when adjusting for the discontinuation of the Natal airport. Domestic passenger traffic was down 13.8%
year-over-year (YoY), or 9.9% when excluding Natal, mainly impacted by weaker performances in Argentina and Ecuador. International traffic
was up 6.3%, mainly driven by Argentina and Italy and, to a lesser extent, Ecuador and Uruguay.
In Argentina, total passenger traffic declined
5.2% YoY, driven by weaker performance in domestic traffic, which was down 11.0% 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, Bariloche Airport was closed for four days due to maintenance
works. International passenger traffic continued to perform well and increased 9.3% YoY.
In Italy, passenger traffic grew by 12.0%
compared to the same month in 2023. International passenger traffic, which accounted for over 80% of the total traffic, increased by 14.1%
YoY, with strong performances at both Pisa and Florence airports. Domestic passenger traffic increased by 3.6% 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 13.4% YoY, or by 1.0% YoY when adjusting for the discontinuation of Natal Airport. Domestic traffic, which accounted for almost 60%
of the total traffic, was down 24.3% YoY, or 7.8% when excluding Natal, while transit passengers were up 12.0% YoY. Traffic in Brazil
remained heavily impacted by financial and aircraft constraints in some of the local airlines. 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 2.0% YoY, despite the tough comparison of having the Easter holiday in April last
year. JetSMART Airlines has announced the launch of a new route between Montevideo and Buenos Aires in May, while SKY Airline will increase
the frequency of its Montevideo to Lima route, also in May.
In Ecuador, passenger traffic decreased by
6.2% YoY as the increase in international traffic was more than offset by weak performance in domestic traffic. International passenger
traffic increased by 2.0% YoY, while domestic traffic decreased by 13.1% YoY, mainly driven by the exit of the local airline Equair.
In Armenia, passenger traffic decreased by
4.4% 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 increased by 10.3% compared
to the same month in 2023, with positive YoY contributions from all countries of operation except for Uruguay, where cargo volumes were
down by 24.1%. Argentina, Ecuador, and Brazil accounted for over 70% of the total volume and experienced YoY increases of 13.2%, 29.2%,
and 10.6%, respectively.
Aircraft movements decreased by 7.1% YoY,
with all countries of operation experiencing YoY declines except for Italy, where aircraft movements increased by 10.2% YoY. Argentina,
Brazil, and Italy accounted for more than 80% of total aircraft movements in April.
![](https://www.sec.gov/Archives/edgar/data/1717393/000110465924063435/image_006.jpg)
Summary Passenger Traffic, Cargo Volume and Aircraft
Movements (2024 vs. 2023)
|
Apr'24 |
Apr'23 |
% Var. |
|
YTD'24 |
YTD'23 |
% Var. |
|
Passenger Traffic (thousands) |
|
|
|
|
|
|
|
|
Argentina |
3,142 |
3,315 |
-5.2% |
|
13,954 |
13,584 |
2.7% |
|
Italy |
809 |
722 |
12.0% |
|
2,285 |
2,018 |
13.2% |
|
Brazil (1) |
1,139 |
1,316 |
-13.4% |
|
5,044 |
5,566 |
-9.4% |
|
Uruguay |
162 |
159 |
2.0% |
|
801 |
656 |
22.2% |
|
Ecuador |
409 |
436 |
-6.2% |
|
1,519 |
1,578 |
-3.7% |
|
Armenia |
388 |
406 |
-4.4% |
|
1,431 |
1,451 |
-1.4% |
|
TOTAL |
6,050 |
6,354 |
-4.8% |
|
25,034 |
24,853 |
0.7% |
|
| (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 |
17,229 |
15,218 |
13.2% |
|
61,463 |
58,840 |
4.5% |
|
Italy |
1,060 |
1,004 |
5.5% |
|
4,175 |
4,366 |
-4.4% |
|
Brazil |
5,205 |
4,705 |
10.6% |
|
20,612 |
20,751 |
-0.7% |
|
Uruguay |
2,720 |
3,586 |
-24.1% |
|
9,613 |
10,567 |
-9.0% |
|
Ecuador |
3,717 |
2,878 |
29.2% |
|
13,012 |
10,793 |
20.6% |
|
Armenia |
3,083 |
2,547 |
21.0% |
|
12,082 |
9,786 |
23.5% |
|
TOTAL |
33,014 |
29,939 |
10.3% |
|
120,957 |
115,103 |
5.1% |
|
Aircraft Movements |
|
|
|
|
|
|
|
|
Argentina |
34,293 |
36,910 |
-7.1% |
|
148,308 |
147,265 |
0.7% |
|
Italy |
7,432 |
6,745 |
10.2% |
|
21,127 |
19,265 |
9.7% |
|
Brazil |
11,349 |
12,752 |
-11.0% |
|
46,956 |
51,462 |
-8.8% |
|
Uruguay |
2,434 |
2,803 |
-13.2% |
|
12,154 |
11,984 |
1.4% |
|
Ecuador |
5,995 |
6,632 |
-9.6% |
|
24,982 |
26,284 |
-5.0% |
|
Armenia |
2,919 |
3,469 |
-15.9% |
|
11,008 |
12,885 |
-14.6% |
|
TOTAL |
64,422 |
69,311 |
-7.1% |
|
264,535 |
269,145 |
-1.7% |
|
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
![](https://www.sec.gov/Archives/edgar/data/1717393/000110465924063435/image_005.jpg)
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