My Account Menu

CAPA Login


Register to trial CAPA Membership!

Beijing shrugs off strong Chinese New Year traffic - airport share wrap

3-Feb-2009

Beijing Airport investors appear to be difficult to please. Despite CAAC reports of a 19.4% increase in nationwide passenger numbers during the Chinese New Year holiday period (25-Jan-09 to 31-Jan-09) to 4.0 million. Beijing Airport shares fell back 7.5% yesterday, while Shanghai Airport's shares rose 5.7% and Guangzhou rose 1.8%.

Last year's Lunar New Year period was badly affected by snow storms in Southern China, which perhaps left investors hoping for more of a comeback in demand this year.

Chinese airline shares were also sold off, as investors ponder the outlook post the holiday period.

Selected airports daily share price movements (% change): 02-Feb-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.