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Airport shares continue to fall

16-Mar-2011

Shares in airport operators had another day of heavy falls in trading on Tuesday, as most global indexes reported more declines. Vienna Airport shares were down 6.7%, the heaviest fall of the day, while Copenhagen Airport gave up 4.7%. Also down 4.7% was Auckland Airport. Air New Zealand, the major airline operator at the airport, issued a profit warning yesterday, based on a combination of higher oil prices, weaker domestic demand and a downturn in business from Japan.

CAAC East China Regional Administration reported the following traffic highlights for its member airports in Feb-2011:

  • Passenger numbers: 13.3 million, +10.8% year-on-year;
    • Shanghai Pudong Airport: 3.1 million, +6.2%;
    • Shanghai Hongqiao Airport: 2.3 million, +25.2%;
    • Hangzhou Airport: 1.3 million, +6.7%;
    • Xiamen Airport: 1.2 million, +18.2%;
    • Nanjing Airport: 950,477, +6.7%;
    • Qingdao Airport: 764,753, +10.0%;
  • Cargo volume: 319,698 tonnes, -0.3%;
    • Shanghai Pudong: 220,500 tonnes, +5.2%;
    • Shanghai Hongqiao: 24,800 tonnes, -16.0%;
    • Hangzhou: 13,371 tonnes, -3.3%;
    • Xiamen: 12,864 tonnes, -12.9%;
    • Nanjing: 12,535 tonnes, -14.4%;
    • Qingdao: 9217 tonnes, -7.2%;
  • Aircraft movements: 115,836, +5.1%;
    • Shanghai Pudong: 25,209, +5.7%;
    • Shanghai Hongqiao: 16,844, +20.4%;
    • Hangzhou: 10,649, -0.5%;
    • Xiamen: 9834, +11.0%;
    • Nanjing: 8839, +2.6%;
    • Qingdao: 7251, +3.4%.

Selected ABD daily share price movements (% change): 15-Mar-2011


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