BAA airports show “encouraging signs”, Ferrovial up: Airports Share Wrap

Shares in Spain’s Ferrovial, owner of UK airports operator BAA, gained 1.2% yesterday, upon the release of its traffic report for UK airports. BAA CEO, Colin Matthews, stated that London Heathrow Airport remains “resilient”, while other airports are showing “encouraging signs”. However, Mr Matthews admits “traffic remains depressed”.

Passenger numbers across BAA’s airports increased 2.4% year-on-year, while cargo volumes surged 23.3% year-on-year in Feb-2010. London Stansted continued to experience pressure on passenger traffic in the month, details include:

  • Passenger Numbers: 7.1 million, +2.4% year-on-year;
  • Cargo volume: 130,581 tonnes, +23.2%;
  • Aircraft movements: 67,509, -0.2%;

Frankfurt International Airport not quite out of the red

Frankfurt International Airport also felt the pressure of a decline in passenger numbers in Feb-2010, down 1% to 3.3 million. However, cargo volumes at the airport improved by 28.2% to 166,625 tonnes. Shares in the operator of Frankfurt Airport, Fraport, were up 0.9% yesterday.

Denmark sees recovery in domestic market

In Denmark, Copenhagen International Airport reported a strong increase in domestic traffic in Feb-2010, with a 30.3% year-on-year improvement in domestic passenger numbers, while international passengers also grew to 1.3 million (+8.0%). Shares in the airport closed 1.2% higher yesterday.

The full traffic reports of Fraport and Copenhagen International Airport are featured today in Airport Business Daily – your key resource for traffic and financial highlights of global airports, also including today:

Selected airports daily share price movements (% change): 10-Mar-2010