Shares in the operators of Copenhagen and Zurich airports rose 8.4% and 3.6%, respectively yesterday as Geneva Airport (the first European airport to publish previous month’s traffic) reported a 4.8% decrease in passenger numbers and a 12.3% reduction in aircraft movements in May-2009. The numbers may have been better than feared.
Geneva Airport’s Apr-2009 passenger numbers and aircraft movements were boosted by Easter, showing +0.5% and -9.5% changes year-on-year, respectively.
Macquarie Airports’ shares paused for breath yesterday, easing 2.1%, while Hochtief’s shares slumped 5.3%.
Shares in Grupo Aeroportuario del Sureste (ASUR) fell 3%, as the company disclosed the swine flu outbreak had slashed its throughput by half in May-2009:
- ASUR total passenger numbers: 741,920, -50.7% year-on-year;
- Domestic: 427,773, -38.1%;
- International: 314,147 -61.4%.
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): 03-Jun-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.