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Auckland reports Nov-2010 traffic increase, Autogrill rises on airport contract wins

Analysis

Auckland Airport today reported a 3.8% increase in international passenger numbers in Nov-2010, which was "driven by strong Asian growth". Domestic numbers rose 1.5%.

Summary
  • Auckland Airport reports a 3.8% increase in international passenger numbers in November 2010, driven by strong Asian growth.
  • Domestic passenger numbers at Auckland Airport rose by 1.5%.
  • Emirates will increase capacity on the Dubai-Brisbane-Auckland route by deploying larger aircraft from January 2011.
  • Auckland Airport's shares remain steady after a 0.5% decrease.
  • Autogrill SpA, an airport food and beverage operator, experienced a 2.4% gain in share price as it renewed a concession at Toronto Airport and secured new contracts at San Francisco and Sacramento airports.
  • This data is based on daily share price movements on December 23, 2010.

More international capacity is on the way. Emirates will deploy a larger aircraft on the Dubai-Brisbane-Auckland route, increasing capacity by 672 seats per week from 02-Jan-2011, according to a New Zealand Herald report. The airline will use B777-300ER equipment instead of A340-500 aircraft.

Auckland Airport's shares are steady today, having eased 0.5% yesterday.

Selected airport operators/investors daily share price movements (% change): 23-Dec-2010

Among the airport suppliers, airport food and beverage operator, Autogrill SpA, gained 2.4% yesterday as its HMS Host unit renewed a concession at Toronto Airport and was awarded new contracts at San Francisco and Sacramento airports in California.

Selected airport suppliers daily share price movements (% change): 23-Dec-2010

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