Ferrovial gains as London Heathrow edges its way to recovery: Airport Share Wrap

Overall a 1.5% year-on-year reduction in BAA passenger traffic in Mar-2010 was led by a 4.2% decline at London Stansted Airport. Stensted also recorded a 4.7% decline in passenger numbers for the three months ended 31-Mar-2010. However, cargo volumes at Stansted increased 23.3% year-on-year in Mar-2010 and 20.5% in the quarter.

BAA reports the following traffic highlights:

• Mar-2010:
  • Passenger Numbers: 8.2 million, -1.5% year-on-year;
    • London Heathrow: 5.2 million, +0.4%;
    • London Stansted: 1.5 million, -4.2%;
  • Cargo volume: 154,813 tonnes, +27.7%;
    • Heathrow: 133,399 tonnes, +29.6%;
    • Stansted: 18,865 tonnes, +23.3%;
  • Aircraft movements: 74,098, -6.6%;
    • Heathrow: 37,363, -6.5%;
    • Stansted: 11,810, -7.4%.
• 3 months ended Mar-2010:
  • Passenger Numbers: 22.6 million, -0.8%;
    • London Heathrow: 14.6 million, +1.6%;
    • London Stansted: 3.9 million, -4.7%;
  • Cargo volume: 408,970 tonnes, +21.8%;
    • Heathrow: 352,720 tonnes, +23.1%:
    • Stansted: 49,467 tonnes, +20.5%;
  • Aircraft movements: 210,123, -4.9%;
    • Heathrow: 108,552, -3.3%;
    • Stansted: 33,637, -4.8%.

Also reported today in the exclusive Airport Business Daily are the following traffic headlines:

• Norwegian airports passenger traffic rose in 1Q2010;
• Madrid-Barajas Airport reports rise in Mar-2010 pax numbers;
• Aeroportos de Portugal reports passenger numbers up strongly in Mar-2010;
• Berlin Tegel Airport reports rise in Mar-2010 pax numbers;
• Irish Air Traffic reports rise in Mar-2010 traffic;
• Aeroporti di Roma reports rise in Mar-2010 pax numbers;
• HACTL reports surge in Mar-2010 cargo volume.

Selected airports daily share price movements (% change): 12-Apr-2010

Source: Centre for Asia Pacific Aviation & Yahoo! Finance