My Account Menu

CAPA Login


Register to trial CAPA Membership!

Aeroports de Paris surges on resilient retail growth, Copenhagen Airport down on weak revenue

14-Aug-2009

Aeroports de Paris’ shares surged 6.2% yesterday as the airport operator reported “satisfactory” performance in 1H2009 with revenue rising 5.9% year-on-year – driven by retail expansion, which saw rental revenue surge 24.3%. AdP remains confident in generating “mild” revenue growth in the full year of 2009.

Shares in Vienna Airport gained 3.4%, while rival, Zurich Airport, eased 0.2% as the latter reported an 18.4% reduction in cargo volume in Jul-2009. Vienna Airport reported a 5.2% decline in passenger numbers last month, while Zurich Airport’s passenger decline eased to -0.8%;

Vienna International Airport traffic highlights in Jul-2009:

  • Passenger numbers: 1.8 million, -5.2% year-on-year;
  • Cargo volume: 19,898, -8.6%;
  • Aircraft movements: 22,255, -6.8%.

Zurich Airport traffic highlights in Jul-2009:

  • Passenger numbers: 2.1 million, -0.8% year-on-year;
  • Aircraft movements: 23,584, -3.8%;
  • Cargo volume: 27,887, -18.4%.

Meanwhile, Copenhagen Airport’s shares fell 1.3% yesterday following the release of its 2Q2009 and 1H2009 financial results, which showed a 7.1% and 6.9% reduction in revenue, respectively. The airport continues to be affected by declining air travel demand, reporting a 13% slump in passenger numbers for the first half of 2009.

In the Asia Pacific region, airport shares were generally up, led by Airports of Thailand, which gained 2.0%, despite Thai Airways' poor June quarter earnings announcement.

Selected airports daily share price movements (% change): 13-Aug-09


Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.