Aeroports de Paris' shares jump on Nov-2009 traffic report
European airport stocks enjoyed a solid day, as equity markets around the region traded higher. Gains were led by Aeroports de Paris (+3.0%), which revealed the following traffic highlights for Nov-2009:
- Passenger numbers: 6.1 million, -1.3% year-on-year;
- Paris-Charles de Gaulle: 4.3 million, -2.2%;
- Paris-Orly: 1.9 million, +0.7%;
- Aircraft movements: 57,541, -2.2%;
- Paris-Charles de Gaulle: 40,080, -3.8%;
- Paris-Orly: 17,461, +1.6%.
Charles de Gaulle Airport's passenger numbers are still falling - off last year's lower base, suggesting a recovery is still some way off. The airport has also shelved charges increases
Paris-Charles de Gaulle Airport passenger number growth: Nov-2008 to Nov-2009
Source: Centre for Asia Pacific Aviation & Aeroports de Paris
Other European airports reporting their November traffic yesterday included Dublin and Munich.
Dublin Airport reported passenger numbers fell 12% year-on-year to 1.3 million in Nov-2009, while Munich's traffic was much less sombre:
- Passenger numbers: 2.6 million, -0.2% year-on-year;
- Aircraft movements: 32,114, -4.9%;
- Cargo volume: 21,386 tonnes, +1.2%.
Fraport's shares rose 1.3%, while Hochtief advanced 0.6%.
Selected airports daily share price movements (% change): 16-Dec-09
Source: Centre for Asia Pacific Aviation & Yahoo! Finance