My Account Menu

CAPA Login

Register to trial CAPA Membership!

BAA reports weak traffic, Fraport and AdP shares drop – Share Wrap


BAA Ltd reports passenger numbers at its seven British airports fell 2.3% to 11.5 million in Apr-2009 – the 13th consecutive month of reductions in demand. BAA is owned by Grupo Ferrovial, whose shares rose 1.8% yesterday.

The decline in traffic moderated from the 11% fall in Mar-2009, helped by Easter falling in April this year, which boosted leisure demand, particularly at Heathrow and Edinburgh airports. Stansted’s traffic declined 13% year-on-year.

Airport shares were under pressure across Europe yesterday, with Aeroports de Paris and the operator of Vienna Airport both easing 2.4%. Fraport’s shares fell 3% and Zurich slumped 5.6%. The outlook for airport traffic growth at Europe’s busiest airports this Summer is poor, as airlines are expected to take advantage of an easing in ‘use-it or lose-it’ slot rules and cut capacity to better match demand.

For daily updates on American aviation stock prices and a complete wrap of the day's breaking news, sign up now for a complimentary subscription to America Airline Daily.

Selected airports daily share price movements (% change): 11-May-09

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.