Fraport gains on stabilising traffic decline, European airports up while Chinese airports slump
Germany's Fraport, operator of Frankfurt Airport, reported stabilising traffic declines in Jul-2009 with passenger numbers down 3.3% and overall cargo volume declines in the single-digits. Its shares were virtually flat yesterday, closing up 0.1%. Aircraft movements at Frankfurt Airport deteriorated further, registering a 5.3% reduction, after a 4.6% fall in Jun-2009.
Fraport traffic highlights in Jul-2009:
- Passenger numbers: 7.7 million, -3.5% year-on-year;
- Frankfurt: 4.9 million, -3.3%:
- Cargo volume: 180,832 tonnes, -9.6%;
- Frankfurt: 159,446 tonnes, -10.4%;
- Aircraft movements: 64,003, -4.3%;
- Frankfurt: 40,462, -5.3%.
Other European airport shares were generally higher, with Hochtief, Copenhagen Airport and BAA parent, Ferrovial, gaining 3.2%, 2.2% and 0.5%, respectively.
In the Asia Pacific region, shares in Chinese airports slumped yesterday, with all major airports in Shanghai, Shenzhen, Xiamen, Guangzhou and Beijing, caught up in the decline. The Shanghai stock market closed to its lowest level in four weeks.
Meanwhile, Australian Infrastructure Fund's shares rose 1.4% yesterday as Australian airport traffic continues to improve. Queensland Airports Limited traffic highlights in Jul-09:
- Passenger numbers: 580,539, +4.4% year-on-year;
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- Gold Coast: 414,928, +4.8%;
- Domestic: 358,405, n/a;
- International: 56,523, n/a;
- Townsville: 151,176, +6.1%;
- Mount Isa: 14,435, -17.9%.
- Gold Coast: 414,928, +4.8%;
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Selected airports daily share price movements (% change): 12-Aug-09
