Beijing Capital International Airport reports 9.2% rise in pax in Apr-2010: Airport share wrap
Shares in China's Beijing Capital International Airport lost 5.4% yesterday, despite the release of its positive traffic report for Apr-2010. Passenger numbers in the month climbed 9.2% higher to 6.0 million, led by a 14.7% surge in international traffic and 7.6% rise in domestic passenger numbers. Cargo volumes increased 4.3% year-on-year to 127,223 on a 5.2% increase in aircraft movements.
Details include:
- Cargo volume: 127,223 tonnes, +4.3%;
- Domestic: 75,222 tonnes, +9.4%;
- International: 52,001 tonnes, -2.3%;
- Aircraft movements: 42,479, +5.2%;
- Domestic: 34,034, +5.4%;
- International: 8,445, +4.6%.
Shares in other Chinese airports declined yesterday, Xiamen lost 4.3%, Shenzhen lost 4.6%, Hainan Meilan closed 4.7% lower, while Shanghai led the way down, dropping 7.0%.
China's Shenzhen Airport announced yesterday the Guangzhou Municipal Intermediate Court has ruled against the airport in its loan contract dispute with Shanghai Pudong Development Bank, adding the airport has been requested to pay the bank CNY30 million (USD4.4 million) before 30-Jun-2010. Shenzhen Airport stated the ruling will not affect its profits in 2010 or 2011.
Australian Infrastructure Fund acquires 2.21% stake in Australia Pacific Airports Corp
Australian Infrastructure Fund acquired a 2.21% stake in Australia Pacific Airports Corp for a purchase price of AUD75.1 million (USD66.4 million) in cash. The fund also launched a fully underwritten institutional placement to raise AUD80 million (USD71 million) to fund the acquisition. The price will be determined by bookbuild over the course of a trading halt on 06-May-2010.
The full traffic report for Beijing International Airport Company is featured in today's edition of Airport Business Daily. Subscribe today to receive the latest airport strategic, traffic and financial updates. Also included today from the Americas:
- Halifax Stanfield airport reports revenue up in 2009;
- Aéroports de Montréal reports EBITDA down 16.9% in 1Q2010.
Selected airports daily share price movements (% change): 06-May-2010
