Airport investors prefer airlines to stand alone
Lufthansa, which is a potential bidder for Austrian, yesterday pulled out of negotiations to acquire SAS. Copenhagen Airport, one of SAS's main bases, had a reasonable day on the market (rising 1.6%), indicating airport investors would prefer airlines to stand-alone. Being swallowed up by a rival would lead to a reduction in capacity, which can hurt airport revenues.
Selected airport's daily share price movements (% change): 11-Nov-08