Airports of Thailand surges 8.0%, Thai outbound travel remains healthy in 2010
Shares in Airports of Thailand (AoT) led the way up yesterday, surging 8.0% as Thai stocks gained more than 4.0% after the Thai Government proposed early elections as part of a move to end the country's political crisis.
The Thai Agents Association (TTAA) stated yesterday that outbound travel remains healthy in 2010, despite domestic and inbound arrivals falling due to the political turmoil. TTAA stated the weak US dollar and euro, combined with higher domestic fares, are encouraging more Thai tourists to consider international travel. TTAA forecasts the number of total outbound travellers, including business travellers, will increase to 5.5 million with revenue of THB250 billion (USD7.7 million) in 2010, increases of 37.5% and 38.9%, respectively. In the first four months of 2010, tourists travelling abroad increased 15% year-on-year. This figure is expected to increase by 20% in the low season (May-October).
Worldwide airport volumes recovering
Worldwide passenger traffic rose by 7.6% in Mar-2010 year-on-year and by 6.1% for the first quarter, according to the latest figures from Airports Council International (ACI). The freight resurgence continued, with a 25.6% rise in total volumes in Mar-2010, led by a 32.4% surge in international freight, while domestic volumes rose 14.6%. See related report: World airports report encouraging 1Q2010 traffic trends, though volcano effect expected in April
Shares in airport operators and suppliers worldwide followed a downward trend yesterday. Auckland fell 1.0%, Shenzhen lost 1.3%, Fraport dipped 2.0%, Shanghai fell 4.6% and Vienna slumped 6.6%. Airport Business Daily features CAPA analysis exclusives on the airport sector and a comprehensive daily wrap of news.
Selected airports daily share price movements (% change): 04-May-2010
