European airports lead the way: Share wrap

Major European airport operators were among the positive performers yesterday. TAV Airports and Copenhagen Airport, gained 5.6% and 3.7%, respectively. Denmark’s Copenhagen International Airport reported a 3.9% year-on-year increase in passenger numbers to 1.4 million for the month.

However, passenger traffic declined 8.4% year-on-year in the 12 months ended 31-Dec-2009. Other highlights include:

  • Dec-2009:
    • Aircraft movements: 17,181, -0.2%;
  • 2009:
    • Cargo volume: 233,444 tonnes, -11.7%;
    • Aircraft movements: 236,172, -10.6%.

Copenhagen Airport Vice President of Sales, Carsten Nørland, stated 2009 was a “difficult year for the aviation industry” and while full year traffic was down, “and we are pleased with the growth recorded in the past two months”.

Chinese airports mixed

Shares in Chinese airports had a mixed performance yesterday, with Shanghai Airport up (+1.9%), while Hainan Meilan (-0.6%), Guangzhou Baiyan (-1.4%), Shenzhen (-1.5%) and Beijing (-2.9%) lost ground.

CAAC stated China’s aviation industry bounced back in 2009, reporting a combined profit of CNY12.2 billion (USD1.8 billion), compared to a loss of CNY26 billion (USD3.8 billion) in 2008. The country’s airports reported CNY34 billion in operating revenue and CNY30 billion in profits in 2009 - some CNY500 million less than 2008.

Meanwhile, the CAAC reported six new airports were constructed in 2009, bringing the total to 166. The country's civil aviation industry invested roughly USD8.82 billion in fixed assets in 2009. Total floor space of China's civil airport terminals rose by 660,000 sqm in 2009.

AENA posts loss, Zurich Airport reports revenue increase

In other airport financial news, Spain’s AENA reportedly posted a loss of EUR434 million for 2009. The loss came as Madrid Barajas Airport reported a EUR300 million loss for the year. The airport authority expects to report losses of EUR597.7 million in 2010, bringing its accumulated debt to EUR10.5 billion. The Spanish Government also announced nine of 48 Spanish airports reportedly made profits in 2009, while Lanzarote and Sevilla airports broke even. More information on the nine airports’ profits is contained in today’s edition of Airport Business Daily.

Airport Business Daily also features the latest traffic headlines from around the world. Today’s highlights include:

  • Dubai Airport reports 15% rise in Dec-2009 pax numbers;
  • Jinan Airport report 21% increase in 2009 pax;
  • Milan Orio Al Serio Airport reports 10% rise in 2009 pax numbers;
  • Tianjin Airport report 23% rise in 2009 pax;
  • Zurich Airport reports 7% rise in Dec-2009 pax numbers and 1.2% rise in Dec-2009 commercial revenue.

Selected airports daily share price movements (% change): 13-Jan-2010