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BAA 2010 traffic down, OMA traffic recovers slowly

13-Jan-2011

Traffic at BAA, a unit of Ferrovial, was down 2.8% in 2010, with the ash cloud crisis, strikes, a slow economic recovery in the UK and poor winter weather all contributing to the poor result.

Traffic at London Heathrow was down 9.5% in Dec-2010, with the severe weather estimated to have cost BAA GBP24 million. The airport operator has pledged to spend GBP10 million on new snow equipment.

BAA passenger traffic highlights for 2010:

Shares in Ferrovial were up 3% yesterday.

Elsewhere, Mexico’s MOA reports Dec-2010 traffic rose 1.8%, with international passenger numbers surging 8% but domestic traffic up only 0.5%. For the full-year 2010, OMA reports traffic rose 0.6% to 11.6 million passengers. Domestic traffic fell 0.5% over the year to 9.7 million passengers, while international traffic increased 6.7% to 1.9 million. Shares in OMA were up 0.9% in trading yesterday. Shares in fellow Mexican airport operator GAP fell 3.4%.

Selected airport daily share price movements (% change): 12-Jan-2011

ABD


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