Gatwick also stated volumes were affected by the timing of school half terms (falling predominantly in June this year compared to May in 2009). Air transport movements declined 4.2% this month, driven by a combination of the above factors and the capacity rationalisation by airlines, while air cargo tonnage continued to out-perform the prior year both on a monthly and 12 month basis.
Gatwick Airport traffic highlights: May-2010
Gatwick’s former owner, BAA, reported similar effects in its traffic report for May-2010. See related report: BAA's May passenger traffic affected by volcanic ash, BA industrial action
Meanwhile Gatwick's owner, Global Infrastructure Partners (GIP), announced on 18-Jun-2010 that it has reached agreement with the California Public Employees' Retirement System (CalPERS) for CalPERS to take a 12.7% shareholding in the airport, as part of GIP’s previously announced sell down of its Gatwick equity holding. The stake is worth up to GBP106 million. GIP will continue to retain a controlling shareholding in Gatwick.
See the related CAPA Hot Issues page on Airport Privatisation.
Selected airports daily share price movements (% change): 18-Jun-2010
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