AIX reports flat March traffic at portfolio airports

Australian Infrastructure Fund reported passenger traffic flat across its portfolio airports in Mar-2011, with some continuing to experience the effects of recent natural disasters. AIX shares finished flat yesterday and have lost 1.6% in early ASX trading.

The company stated its portfolio of Australian airport assets is well diversified to ensure that international growth at Melbourne, along with the strong growth at Perth Airport, offsets the challenges being faced elsewhere in the portfolio. In Europe, Athens Airport continues to be affected by the wider Greek economic environment, while the German airports have performed strongly in the year to date, reflecting the stronger German economy.

AIX traffic highlights for Mar-2011

 1Q2011  passenger traffic highlights:

  • Portfolio passenger numbers: +3.4%;
    • Perth Airport: 7.8%;
    • Asia Pacific Airports Corp. (Melbourne and Launceston): +5.0%
    • Queensland Airports Ltd (Gold Coast, Townsville and Mount Isa): +2.3%;
    • NT Airports: -0.3%;
    • Sydney Airport: +1.5%;
    • Hochtief Airport Capital – Athens: -15.8%;
    • Hochtief Airport Capital – Dusseldorf: +7.2%;
    • Hochtief Airport Capital – Hamburg: +3.6.