Aeroports de Paris sees stable earnings in 2009, freezes charges. Fraport reaches agreement on fees

In Europe, Aeroports de Paris' (AdP) shares jumped 3.7% on Friday, as the airport owner stated it expects roughly stable earnings in 2010. AdP reported a 4.1% increase in EBITDA, to EUR883 million for FY2009, on a 4.2% increase in revenue to EUR2.6 billion. The group also proposed to freeze charges this year, due to a decline in passenger traffic in 2009, but plans to increase charges by approximately 1.4% p/a from 2011 to 2015. AdP also plans to invest in a five-year, EUR2.4 billion project to renovate older terminals.