Airports of Thailand reports LCC PAX increase of 38.5%; Vienna Airport reports funding concerns
Airports of Thailand (+3.4%) shares gained the most on Wedneday (24-Nov-2010). On the same day AoT announced passengers travelling on low-cost carriers between Jan-Sep-2010 increased 38.5% year-on-year to 14 million, while LCC aircraft movements increased 25% to 108,123.
- Airports of Thailand (AoT) shares gained the most on Wednesday, driven by increased passenger numbers on low-cost carriers.
- AoT reported a 38.5% year-on-year increase in passengers on low-cost carriers between Jan-Sep 2010, reaching 14 million.
- LCC aircraft movements at AoT airports also increased by 25% during the same period.
- Low-cost carriers hold a 27.9% market share in Thailand, with airlines like One-Two-GO Airlines, Thai AirAsia, and Nok Airlines.
- Flughafen Wien AG shares fell due to funding concerns over the Skylink expansion at Vienna International Airport.
- Stefanel shares dropped while MISR rose among selected airport suppliers on the same day.
AoT added low-cost carriers have a 27.9% market share in Thailand. Thai LCCs include One-Two-GO Airlines (Orient Thai Airlines), Thai AirAsia and Nok Airlines.
Flughafen Wien AG shares fell 1.2% to EUR46.51 after Der Standard reported funding concerns over the Skylink expansion at Vienna International Airport.
Selected airport operators/investors daily share price movements (% change): 24-Nov-2010
Stefanel shares dropped by 5.7% on Wednesday (24-Nov-2010) while MISR rose by 5.4%.
Selected airport suppliers daily share price movements (% change): 24-Nov-2010
