ACI: “Industry remains on track for a rebound” – Airport share wrap

Airport share worldwide were mixed yesterday after strong start to 2010. Airports Council International (ACI) reports steady improvements in Nov-2009 traffic, an indication that the industry “remains on track for a rebound".

According to ACI, passenger numbers rose 4.2% year-on-year to 259 million in Nov-2009, while cargo traffic registered double-digit growth at 10.9%. However, according to ACI Director General, Angela Gittens, Nov-2008 “had the biggest traffic losses in that year”. See related report: Airport passenger traffic back in positive territory in all categories - ACI

Kuala Lumpur traffic surging

In the Asia Pacific region, Malaysia Airports' shares gained 1.5%. Kuala Lumpur International Airport, operated by Malaysia Airports, reported double-digit growth in both passenger numbers and cargo volume in Nov-2009:

  • Passenger numbers: 2.7 million, +17.9% year-on-year;
    • International: 1.8 million, +22.2%;
    • Domestic: 896,324, +10.1%;
  • Cargo volume: 54,248 tonnes, +21.5%;
  • Aircraft movements:19,195, +7.8%.

Mexican airport traffic still down

Meanwhile, Mexico’s Grupo Aeroportuario del Sureste’s (ASUR) shares (+0.2%) lost ground from the previous trading day of +2.1%, following the release of its Dec-2009 traffic results, which showed continued traffic declines at its airports:

  • Passenger numbers: 1.4 million, -4.1% year-on-year;
    • Domestic: 612,675, -3.5%;
    • International: 832,592, -4.6%.

Selected airports daily share price movements (% change): 07-Jan-2010