My Account Menu

CAPA Login

Register to trial CAPA Membership!

ASUR, GAP, OMA and Copenhagen Airport higher, MAp, AoT and Zurich Airport fall – Share Wrap


Mexican airport operators OMA, GAP and ASUR rose 2.3%, 1.6% and 1%, respectively, on Friday. The Conference Board released its Leading Economic Index for Mexico on Friday for Mar-2009, which showed some improvement, rising 1.3%. While the first gain in the Index since Jul-2008 is welcome, The Conference Board noted the recent behavior of the composite economic indexes “suggests that the contraction in economic activity will continue and is likely to remain deep in the near term”.

Investors appear to be taking the ‘glass half full’ approach toward Mexican airports, even as the swine flu outbreak continues to spread. 53 countries have now reported 15,510 cases.

Elsewhere, Copenhagen Airports’ shares rose 4.2%, while Macquarie Airports’ (MAp) shares eased 2.3%. Airports of Thailand (-4.8%) was also hit by a profit warning by Thai Airways, while Zurich Airport’s shares fell back 5.5% on Friday.

For daily updates on American aviation stock prices and a complete wrap of the day's breaking news, sign up now for a complimentary subscription to America Airline Daily.

Selected airports daily share price movements (% change): 29-May-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.