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Fraport and Ferrovial down as worldwide airport shares close lower, MAp beats the trend

12-Aug-2009

Shares in airports worldwide struggled yesterday, with leading Mexican airport operator, OMA (-4.1%), Fraport (-2.3%), BAA parent Ferrovial (-1.5%) and Aeroports de Paris (-1.4%) among those losing ground.

Macquarie Airports’ shares gained 1.7% following the release of 2Q2009 financial results for Brussels Airport, which were affected by capacity reductions in Europe in 1H2009, as airlines reacted to declining air travel demand. MAp is however, optimistic that traffic performance in 2H2009 will improve, bolstered by the Northern Summer travel period. Shares in Australian Infrastructure Fund made up for the previous day’s losses, easing 0.3% yesterday, as Australian airports report mixed traffic results in Jul-2009:

  • Passenger numbers:
    • Brisbane Airport:
      • Domestic: 1.3 million, +0.9% year-on-year;
      • International: 369,278, -3.1%;
    • Melbourne Airport:
      • Domestic: n/a, -2%;
      • International: 445,949, +8.0%.

Selected airports daily share price movements (% change): 11-Aug-2009


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