MAp's Rome and Birmingham continue to under-perform
Macquarie Airports (MAp) is happy with money-making Sydney,
Copenhagen and Brussels airports, but looking for ways to improve Aeroporti
di Roma's (AdR) performance, in which it only holds a minority shareholding.
In the three months ended 31-Mar-07, AdR reported 7.0% and 5.2% reductions in
revenue and EBITDA, respectively, despite an 8.9% rise in passenger traffic.
Furthermore, operating costs (excluding the benefit of the sale of AdR Handling)
rose 10.3%. [300 words]