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Macquarie Airports up on firm traffic results, Fraport and BAA parent, Ferrovial drops back

Analysis

Macquarie Airports' (MAp) shares registered another positive day yesterday, jumping 3.9%, following its recent portfolio reshuffle and the release of its Aug-2009 traffic results for its portfolio of airports.

MAp traffic highlights for its investment airports in Aug-2009 are as follows:

  • Passenger numbers:
    • Sydney Airport: 2.7 million, +1.3% year-on-year;
      • Domestic: 1.9 million, +1.6%;
      • International: 858,000, +1.4%;
    • Copenhagen Airport: 1.9 million, -7.6%;
      • Domestic: 132,000, +5.0%;
      • International: 1.3 million, -4.4%;
      • Transfer: 407,000, -19.3%;
    • Brussels Airport: 1.7 million, -4.4%;
    • Bristol Airport: 670,000, -3.6%;
    • ASUR: 1.3 million, -12.8%.

Australia Infrastructure Fund's shares gained 2.6% yesterday. According to the Australian Bureau of Infrastructure, Transport and Regional Economics the top ten airports in the country reported a 1.3% increase in domestic passenger numbers for the seven months ended 31-Jul-2009, as domestic airlines reported a 1.2% increase in passenger traffic during the period.

In Europe, airport shares were generally down, with Copenhagen Airport leading the decline at -1.8%. Positive performers in the region included Vienna Airport (+1.6%) and Aeroports de Paris (+1.0%).

Shares in Mexico's airport operators, OMA, GAP and ASUR, all showed resilience yesterday, closing up 3.4%, 2.3% and 1.9%, respectively.

Selected airports daily share price movements (% change): 17-Sep-2009

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