Mexico’s Grupo Aeroportuario del Pacífico (GAP) shares rose slightly by 0.1% on Wednesday (27-Oct-2010). On the same day the airport operator reported the following preliminary financial highlights for the three months ended 30-Sep-2010 (according to Mexican Financial Reporting Standards):
- Revenue: +18.3% year-on-year;
- Aeronautical: +20.6%;
- Non-aeronautical: +9.9%;
- Cost of services: +30.7%;
- Cost of government concession taxes: +18.4%;
- Operating profit: +22.1%;
- EBITDA: +13.9%;
- Net profit: +3.3%.
See related CAPA profile: Financial results
China’s Shanghai Airport Authority (-1.6%) announced Shanghai Pudong and Hongqiao airports have handled 60 million passengers in 2010, surpassing 2009’s year-to-date record of 57 million. Shanghai Airport Authority stated they expect the city’s airport system to handle more than 72 million passengers this year, a 26% year-on-year increase. Shanghai’s traffic has been boosted by the World Expo, which ran between May-Oct-2010, which increased passenger traffic during the period by 34% year-on-year.
Selected airports daily share price movements (% change): 27-Oct-2010
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.