My Account Menu

CAPA Login


Register to trial CAPA Membership!

BAA parent drops as Gatwick bidder ruled out; Fraport, Vienna Airport ease - Share Wrap

14-May-2009

Shares in BAA parent, Ferrovial, slumped 7.3% yesterday as the Lysander Consortium (comprising Citi Infrastructure Investors, Vancouver Airport Services and John Hancock Life Insurance Co) was eliminated from the auction for London Gatwick airport.

It is a major blow for Citi/YVRAS, which last month pulled out of the Chicago Midway.

Fraport shares eased 3.3% yesterday as the company confirmed its full year Group profit would fall short of the 2008 level. The Group’s passenger numbers eased 2.1% in Apr-2009 to 5.5 million, including a 4.7% reduction at Frankfurt Airport to 4.3 million.

Elsewhere, Vienna Airports’ shares were 5.8% lower, as Lufthansa announced it received acceptances for over 85% of the share capital of Austrian Airlines.

Airports of Thailand’s (AoT) shares surged as Thai Airways reported better-than-expected first-quarter profits. Traffic levels however remain depressed. Earlier in the week, AoT reported the six international airports in Thailand reported a 14.2% reduction in passenger traffic in March, to 4.78 million passengers, as compared with a drop of 20.6% in the previous month. At Bangkok’s Suvarnabhumi Airport, passenger numbers fell 11.1% to 3.5 million.

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): 13-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.