Auckland Airport and Malaysia Airports Holdings Berhad’s shares were down 0.6% and 2.3%, respectively yesterday, ahead of the release of financial results today containing positive assessments about the long-term outlook.
Auckland Airport today reported a 1.6% year-on-year increase in operating EBITDA on the back of a 5.2% rise in revenue for the year ended 30-Jun-2009. The increase in revenue was primarily driven by retail and property rentals at the airport, which rose 7.0% and 6.2%, respectively, which also compensated for the decline in traffic.
Malaysia Airports also reported solid revenue growth in 1H2009, on the back of a 20.2% surge in aeronautical revenue. The airport operator saw passenger traffic rise 2.0% - attributed to the expansion of AirAsia, which contributed to the 30% increase in traffic at the Kuala Lumpur LCCT. Traffic at the Main Terminal Building at Kuala Lumpur International Airport dipped 14.7% during the period.
The airport also reported the following traffic highlights in Jul-2009:
- Passenger numbers: 2.7 million, +8.8% year-on-year;
- International: 1.8 million, +8.5%;
- Domestic: 909,705, +9.3%;
- Cargo Volume: 52,935 tonnes, +0%;
- International: 47,412 tonnes, -1.2%;
- Domestic: 5,522 tonnes, +11.1%;
- Aircraft movements: 19,329, +7.1%;
- International: 12,126, +10.9%;
- Domestic: 7,203, +1.3%.
Shares in Chinese airport were mixed yesterday with Shanghai Airports leading the way gaining 3.8%, followed by Guangzhou and Hainan airports, up 2.8% and 2.3%, respectively. Beijing and Shenzhen Airport went against the trend, falling 2.8% and 0.4%.
Selected airports daily share price movements (% change): 27-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.