12-Feb-2010 1:15 PM

Commercial revenue at Zurich Airport on the rise, shares up too

Zurich Airport reported a 5.6% increase in commercial revenue from retail, duty-free and F&B for Jan-2010, in line with a 6.5% increase in passenger traffic, although revenue per departing passenger dipped 0.9% year-on-year to EUR31.82. Shares in the airport were up 1.1% yesterday, upon the release of its traffic and commercial report for Jan-2010.

Further details from Zurich's report include (based on the conversion rate at EUR1 = CHF1.48):

Traffic:
- Passenger numbers: 1.6 million, +6.5% year-on-year;
- Cargo volume: 29,746 tonnes, +16.9%;
- Aircraft movements: 20,736, +0.5%.
Commercial developments:
- Commercial revenue (retail, duty-free and F&B): EUR25.5 million, +5.6% year-on-year;
  - Airside: +5.1%;
  - Landside: +6.0%;
- Revenue per departing passenger: EUR31.82, -0.9%;
  - Airside: -1.3%;
  - Landside: -0.5%.

Also in Europe, passenger numbers at Vienna International Airport jumped 4.1% to 1.2 million in Jan-2010, while cargo volumes surged 30.8% to 21,226 tonnes. However, there were fewer aircraft movements in the month (18,455, -2.7%).

Australian Infrastructure Fund gains 2.0%

Shares in Australian Infrastructure Fund jumped 2.0% yesterday, with the company reporting growth in passenger traffic across its global investment airports, including Perth, Queensland Airports Ltd, Northern Territory Airports, Athens, Düsseldorf, Hamburg and Sydney. Highlights include 3.5% growth at Dusseldorf Airport to 4.3 million passengers and 9.3% growth at Queensland Airports to 1.7 million passengers. The full traffic report for Australian Infrastructure Fund is available in today’s edition of Airport Business Daily.

Other global traffic reports in today’s Airport Business Daily include Halifax Stanfield International Airport, Nanning Airport, Suvarnabhumi Airport and Munich Airport. Click here to for a Complimentary Issue of Airport Business Daily or for more information on publications from the Centre for Asia Pacific Aviation.

Selected airports daily share price movements (% change): 11-Feb-2010