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AIX reports flat March traffic at portfolio airports

Analysis

Australian Infrastructure Fund reported passenger traffic flat across its portfolio airports in Mar-2011, with some continuing to experience the effects of recent natural disasters. AIX shares finished flat yesterday and have lost 1.6% in early ASX trading.

The company stated its portfolio of Australian airport assets is well diversified to ensure that international growth at Melbourne, along with the strong growth at Perth Airport, offsets the challenges being faced elsewhere in the portfolio. In Europe, Athens Airport continues to be affected by the wider Greek economic environment, while the German airports have performed strongly in the year to date, reflecting the stronger German economy.

AIX traffic highlights for Mar-2011

1Q2011 passenger traffic highlights:

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