Copenhagen and Zurich shares up. Geneva Airports’ traffic less bad than feared? Mexican pax halved
Shares in the operators of Copenhagen and Zurich airports rose 8.4% and 3.6%, respectively yesterday as Geneva Airport (the first European airport to publish previous month's traffic) reported a 4.8% decrease in passenger numbers and a 12.3% reduction in aircraft movements in May-2009. The numbers may have been better than feared.
Geneva Airport's Apr-2009 passenger numbers and aircraft movements were boosted by Easter, showing +0.5% and -9.5% changes year-on-year, respectively.
Macquarie Airports' shares paused for breath yesterday, easing 2.1%, while Hochtief's shares slumped 5.3%.
Shares in Grupo Aeroportuario del Sureste (ASUR) fell 3%, as the company disclosed the swine flu outbreak had slashed its throughput by half in May-2009:
- ASUR total passenger numbers: 741,920, -50.7% year-on-year;
- Domestic: 427,773, -38.1%;
- International: 314,147 -61.4%.
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Selected airports daily share price movements (% change): 03-Jun-09
Source: Centre for Asia Pacific Aviation & Yahoo! Finance