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Australian Infrastructure Fund shares gain 1.6%; Airports of Thailand launches incentive programme

26-Oct-2010

Australian Infrastructure Fund (AIX) shares gained by 1.6% on Monday (25-Oct-2010). On the same day the airport operator reported a passenger traffic increase across its airports in Q1FY2010:

Traffic highlights for Sep-2010:

  • Perth Airport: 951,000, +8.3%;
    • Domestic: 677,000, +7.9%
    • International: 275,000, +12.8%;
  • Melbourne Airport (APAC): 2.5 million, +11.3%;
    • Domestic: 1.9 million, +10.8%;
    • International: 519,000, +15.6%;
  • Queensland Airports: 266,000, +6.9%;
    • Domestic: 218,000, +5.4%;
    • International: 28,000, +12.7%;
  • Sydney Airport: 3.0 million, +7.8%;
    • Domestic: 2.0 million, +7.2%;
    • International: 945,000, +8.9%.

See related CAPA profile: Traffic - Airports

Airports of Thailand Plc (AoT) (-0.6%) board endorsed (22-Oct-2010) an incentive programme including discounts and bonus payouts to carriers to encourage them to open up new international routes and increase passenger volumes on existing international routes.

It envisages 95% discounts for landing and parking fees for scheduled flights and charter services with specific timetables for existing routes serving Don Mueang, Chiang Mai, Chiang Rai, Phuket and Hat Yai. Carriers that manage to increase passengers on existing international routes through these five airports are entitled to "bonus" payments ranging from THB40 to THB120 for each incremental passenger above 2009's level. The programme will commence 01-Nov-2010.

Beijing Airport (-4%) shares lost the most ground on Monday while Dufry gained the most at 4.1%.

Selected airports daily share price movements (% change): 25-Oct-2010


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