China’s Xiamen Airport to launch LCCT: shares remain weak


China's Xiamen International Airport Co CEO, Wang Xiaolin, recently announced plans to launch a low cost carrier terminal (LCCT) at Xiamen Gaoqi International Airport.

  • Xiamen International Airport plans to launch a low-cost carrier terminal (LCCT) as part of its expansion program.
  • The airport will construct a new terminal dedicated to international operations, a new runway, and additional aircraft stands.
  • During the 2010 Spring Festival travel period, passenger numbers at Xiamen Airport increased by 21.1% year-on-year.
  • In January 2010, passenger numbers rose by 22.7% year-on-year, while cargo volumes increased by 24.8%.
  • Xiamen Airport's shares experienced a decline following a dip in the market.
  • Other updates from Chinese airports include runway maintenance at Kunming Airport and new terminal operations at Luoyang Airport in June 2010.

As part of the airport's expansion programme, a new terminal dedicated to international operations will be constructed. In addition, the airport plans to construct a new runway and 27 additional aircraft stands, bringing the total number of gate positions up to 80.

The airport reported last week that passenger numbers rose 21.1% year-on-year during the 2010 Spring Festival travel period, on an 18% rise in aircraft movements. Xiamen reported a strong month in Jan-2010, when passenger numbers rose 22.7% year-on-year to 993,499, while cargo volumes were 24.8% higher at 14,711 tonnes, compared to Jan-2009. But the company's shares lost a further 0.8% yesterday (in broader market weakness), following a 1.9% dip on Friday last week.

Airport Business Daily contains these strategic news updates on Xiamen Airport, including construction and financial/traffic highlights. Sign up for other airport updates from China, including today:

  • Kunming Airport to close runway for maintenance works from 16-20-Mar-2010;
  • Hebei Airport Management Group reports traffic highlights for year-to-Feb-2010;
  • Yunnan Airport Group reports traffic highlights for year-to-Feb-2010;
  • Luoyang Airport's new terminal to commence operations in Jun-2010.

Selected airports daily share price movements (% change): 15-Mar-2010

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More