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Gemina soars, Ferrovial also leads European airports’ strong performance, Chinese airports down

29-Sep-2009

Shares in European airports were generally higher in trading yesterday, led by Italy’s Gemina, parent of Rome Airport operator, Aeroporti di Roma (AdR), which soared 9.2%.

The jump comes amid reports that its largest shareholder, Investimenti Infrastrutture, is considering another capital increase, aimed at cutting its debt and focusing on the re-launch of AdR.

Shares in Ferrovial, parent of the UK’s BAA, rose 4.7% yesterday, leading a strong day for European airport shares. Germany’s Fraport gained 1.8%, following the release of its Aug-2009 traffic results:

  • Passenger numbers: 7.8 million, -2.3% year-on-year;
  • Cargo volume: 181,624 tonnes, -5.1%;
    • Frankfurt: 159,628 tonnes, -6.1%;
  • Aircraft movements: 63,567, -4.2%;
    • Frankfurt: 39,663, -5.0%;
    • Antalya: 8,801, -3.5%.

Going against the trend was Vienna Airport, which closed down 4.3%.

Meanwhile, in the Asia Pacific region, Chinese airports mostly traded down yesterday, led by Beijing (-3.6%), Shanghai (-2.8%) and Shenzhen and Guangzhou, both down 2.6%.

Selected airports daily share price movements (% change): 28-Sep-2009


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