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Copenhagen Airport's pax up 12.3%; Zurich Airport reports 8.1% pax increase

Analysis

Denmark's Copenhagen Airport (+2.3%) reported a 12.3% growth in pax traffic in Sep-2010:

  • Passenger numbers: 2.0 million, +12.3%;
    • Domestic: 232,690, +20.4%;
    • International: 1.8 million, +11.4%;
  • Aircraft movements: 22,442, +6.8%.

Carsten Nørland, VP Sales of Copenhagen Airports, stated: "September was the fourth consecutive month of record-high passenger numbers, and after three months of summer with a clear majority of leisure passengers, September is typically a month when business travel picks up again after the holiday season. In our view the figures support that business passenger growth is continuing … The number of transfer passengers increased on a large number of routes, including Oslo and Stockholm, due both to our efforts to improve our transfer product and to the fact that SAS has again concentrated a large part of its traffic at Copenhagen Airport. Moreover, a number of northern European and Baltic destinations contributed substantial increases in the number of transfer passengers, all of which helps support our position as a northern European hub."

Fraport (+0.1%) reported a group pax traffic increase of 12.3% for Sep-2010:

  • Passenger numbers: 9.4 million, +12.3%;
  • Aircraft movements: 74,314, +7.8%;
  • Air cargo: 218,144 tonnes, +15.5%;

Meanwhile, Switzerland's Zurich Airport (0%) reports pax traffic up 8.1% - traffic highlights in Sep-2010:

  • Passenger numbers: 2.1 million, +8.1%;
  • Aircraft movements: 20,186, +4.3%;
  • Air cargo: 32,805 tonnes, +14.7%.

See related CAPA profile: Traffic - Airports

Zurich Airport also reported the following commercial developments in Sep-2010:

  • Commercial revenue*: CHF41.1 million (EUR31 million), +7.0%;
    • Airside: +5.6%;
    • Landside: 8.8%;
  • Revenue per departing passenger: CHF38.5, -1.0%;
    • Airside: -2.3%;
    • Landside: +0.7%.

* Based on the conversion rate EUR1 = CHF1.33265

See related CAPA profile: Financial results

Meanwhile, Aeroporto di Venezia (-2.3%), Autogrill (-1.6%) and Gemina (-0.9%) shares fell.

Selected airports daily share price movements (% change): 12-Oct-2010

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