Ferrovial down as BAA sells Gatwick at a discount, OMA reports positive 3Q2009 results,

Shares in Ferrovial, parent of BAA, fell 2.3% after announcing it has agreed to sell London Gatwick Airport to Global Infrastructure Partners for GBP1.51 billion.

Ferrovial expects to report a loss of GBP129 million from the sale. GIP is also the owner of London City Airport.

Australian airport growth continues

Australian Infrastructure Fund, which has interests in several of Australia’s major airports, jumped 4.0% in trading yesterday after reporting steady traffic growth across its investment airports. MAp’s shares climbed 2.5% higher.

Queensland Airports' passenger numbers led the increase, rising 8.5% for the three months ended 30-Sep-2009, followed by Perth Airport, which reported a 7.1% increase in passenger numbers for the period:

Across the Tasman, Auckland Airport Ltd’s shares steadied. The airport today (22-Oct-2009) reported mixed traffic results for Sep-2009. The airport reported notable improvements in international passenger numbers, +1.2%, boosted by the influx of Australians travelling to New Zealand. According to New Zealand Ministry of Tourism statistics, Sep-2009 saw a 15.4% year-on-year increase in Australian visitor arrivals to New Zealand. Domestic passenger numbers rose 1.8% compared to Sep-2009, but down from the +3.7% registered in Aug-2009:

  • Auckland International Airport traffic highlights in Sep-09:
    • Passenger numbers:
      • Domestic: 495,967, +1.8% year-on-year;
      • International: 583,824, +1.2%;
    • Aircraft movements:
      • Domestic: 9,162, -7.4%;
      • International: 3,436, +5.6%.

OMA reports a 2.6% increase in EBITDA

Mexican airport operator, Grupo Aeroportuario del Centro Norte (OMA) reported a 2.6% year-on-year increase in its adjusted EBITDA to USD20.3 million, sending its shares up 4.5%. The smallest of Mexico’s three major airport operators was able to offset declining traffic through focus on non-aeronautical sources of revenue and cost cutting initiatives, resulting in traffic declining at a rate (-15.4%) exceeding that of revenue (-1.6%). During 3Q2009 saw the opening of the NH Mexico City Airport Terminal 2 Hotel. Shares in GAP and ASUR eased 0.4% and 0.7%, respectively.

Shares in major European airports were also down, including Fraport (-0.3%), Aeroports de Paris (-1.6%) and Zurich Airport (-3.8%).

Selected airports daily share price movements (% change): 21-Oct-09