08-Jun-2010 11:49 AM
Another bad day for airport stocks
Analysis
Airport stocks were down virtually across the board yesterday, as global equity markets struggled once more.
Only the operators of Venice and Vienna airports rose (by 1.6% and 1%, respectively), while Mexico's OMA gained 1.1% and Malaysia Airports was flat. Leading the falls yesterday was Beijing Airport (-5%) and Rome Airport investor, Gemina (-4.5%). France's AdP was again down heavily (-4.1%).
Autogrill rose 1.4% as Mediobanca Securities upgraded the company from "neutral" to "outperform", citing an improved earnings outlook and recent stock under-performance.
See related CAPA Hot Issues pages on:
- Airport Charges
- Airport Construction
- Airport Duty Free, Retailing & Non-Aero Activities
- Airport Privatisation
- Airport Systems & Technology
Selected airports daily share price movements (% change): 07-Jun-2010
Source: Centre for Asia Pacific Aviation & Yahoo! Finance