Fraport, Macquarie Airports, Gemina lower, ASUR, Zurich and Dufry rise - Share Wrap
Shares in Macquarie Airports eased 3.7% on Friday after solid rises earlier in the week in the wake of its decision to sell its stake in Japan Air Terminal (shares -0.3% on Friday). Another MAp investment, Copenhagen Airport, also lost ground on Friday, falling 1.4%, while ASUR went the other way, rising 4%.
Fraport's shares eased 2% as investors consider the outlook for European major carriers following British Airways' big loss in the first quarter. Frankfurt trailed Heathrow and Paris in terms of passenger performance in April.
The operator of Rome's Fiumicino and Ciampino airports, Gemina SpA, had a bad day, falling 5.5% on Friday, as investors digest the latest traffic and financial reports for rival Italian airports.
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Selected airports daily share price movements (% change): 22-May-09
Source: Centre for Asia Pacific Aviation & Yahoo! Finance