14-Feb-2011 3:11 PM

OMA reports traffic down in early 2011, Zurich traffic increases 5%

Analysis

OMA reported traffic eased 0.6% in Jan-2011, continuing a run of subdued traffic in Mexico in early 2011. Domestic traffic at OMA's airports rose 1.5% but international traffic decreased 7.7%.

Shares in OMA rose 1.7%, while shares in ASUR were up 2%. Shares in GAP were down 0.8%.

Zurich airport reported passenger traffic rose 5.1% in Jan-2011, while cargo traffic rose 8%. Commercial revenues at the airport declined in the first month of 2011, with overall sales to departing passengers down 7% year-on-year.

Shares in Indian airport operators finished the week up strongly. GVK Infrastructure shares jumped 9%, while GMR Infrastructure shares rose 4.9%.

Korean Airport Corp shares fell 2.6%. The South Korean Government stated it has not yet made a decision on the USD8.9 billion project to construct a new international airport in the south-eastern part of the country. Busan City and Daegu are competing to have the airport located at their preferred sites. A decision is due in Mar-2011.

Selected airports daily share price movements (% change): 11-Feb-2011

ABD

OMA reports traffic down in early 2011, Zurich traffic increases 5%

Want More Analysis Like This?