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Airports of Thailand’s six airports each report +20% improvement in passenger traffic in Feb-2010

Analysis

Shares in Airports of Thailand (AoT) gained 2.0% yesterday, with the release of the airport operator's traffic report for Feb-2010. Passenger numbers rose 25.6% year-on-year, with all six AoT airports reporting an increase in passenger numbers better than 20%. Cargo volumes also improved significantly, up 44.6% year-on-year in the month, after the declines of 2009.

Aircraft movements were also up strongly, +16.3% to just under 32,000.

Also in the Asia Pacific, shares in Shanghai Airport rose 3.5%, while Chinese airport shares, including Beijing and Hainan Meilan, were also strong gainers.

Aeroports de Paris flat as Paris-Orly fails to pick up in Feb-2010

Meanwhile in Europe, France's Aeroports de Paris' shares were flat, as the company reported its own traffic numbers for Feb-2010. Overall passenger numbers dipped 1.0% year-on-year in Feb-2009, led by a 3.3% year-on-year reduction at Paris-Orly Airport to 1.7 million. Aircraft movements dipped 8.7%.

The full traffic report for Aeroports de Paris covering Paris-Orly and Paris-Charles de Gaulle airports is available in today's edition of Airport Business Daily. Sign up today for access to strategic news updates for global airports, including all the latest traffic and financial reports.

Selected airports daily share price movements (% change): 17-Mar-2010

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