BAA operating profit down on one-off costs

Premium Analysis

BAA, the operator of seven UK airports as well as one in Italy,

returned a significantly decreased operating profit (-18.1%) in the nine months

ended 30-Sep-07. The company, purchased by Spanish investment giant Ferrovial

in Jun-06, reported the reduction even as both passenger throughput and revenues

rose (1.4%, to 115 million passengers, and 2.7%, to GBP1.98 billion, respectively).

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