14-Jul-2010 4:59 PM
Mixed day for airport stocks: China lower, Europe higher
Analysis
Listed airport stocks had a mixed day yesterday, with Beijing Capital (-4.0%), Xiamen Airport (-2.9%), Hainan Meilan Airport (-2.9%), Shanghai Airports (-2.8%), Shenzhen Airport (-1.8%) and Guangzhou Airport (-1.6%) leading the falls.
Guangzhou Airport's passenger numbers rose 13.2% in Jun-2010 - a moderation from previous months.
In Europe, Munich Airport reported the following traffic highlights:
- Jun-2010:
- Passenger numbers: 3.2 million, +11.8% year-on-year;
- Cargo volume: 24,701 tonnes, +28.2%;
- Aircraft movements: 35,344, +2.5%;
- 6 months ended Jun-2010:
- Passenger numbers: 15.8 million, +2.7%;
- Cargo volume: 132,777 tonnes, +24.3%;
- Aircraft movements: 185,708, -5.7%.
The airport stated it is on track to achieve its target of 40 million passengers in 2010.
Fraport's shares gained 1.5% yesterday, while Zurich rose 0.2%.
Selected airports daily share price movements (% change): 13-Jul-2010
Source: Centre for Asia Pacific Aviation & Yahoo! Finance