Ferrovial gains as London Heathrow edges its way to recovery: Airport Share Wrap
Shares in Spain’s Ferrovial, investor in the UK’s BAA, jumped 3.2% yesterday, upon the release of its airport traffic report for Mar-2010 and the three months ended 31-Mar-2010. London Heathrow is seeing signs of a recovery, with passenger numbers growth of 0.4% year-on-year for the month (despite the impact of British Airways' cabin crew strike) and 1.6% for the quarter. Cargo volume at the airport surged 29.6% in Mar-2010 and 21.8% in the three month period.
Overall a 1.5% year-on-year reduction in BAA passenger traffic in Mar-2010 was led by a 4.2% decline at London Stansted Airport. Stensted also recorded a 4.7% decline in passenger numbers for the three months ended 31-Mar-2010. However, cargo volumes at Stansted increased 23.3% year-on-year in Mar-2010 and 20.5% in the quarter.
BAA reports the following traffic highlights:
- Passenger Numbers: 8.2 million, -1.5% year-on-year;
- Cargo volume: 154,813 tonnes, +27.7%;
- Aircraft movements: 74,098, -6.6%;
- 3 months ended Mar-2010:
- Passenger Numbers: 22.6 million, -0.8%;
- Cargo volume: 408,970 tonnes, +21.8%;
- Aircraft movements: 210,123, -4.9%;
Also reported today in the exclusive Airport Business Daily are the following traffic headlines:
- Norwegian airports passenger traffic rose in 1Q2010;
- Madrid-Barajas Airport reports rise in Mar-2010 pax numbers;
- Aeroportos de Portugal reports passenger numbers up strongly in Mar-2010;
- Berlin Tegel Airport reports rise in Mar-2010 pax numbers;
- Irish Air Traffic reports rise in Mar-2010 traffic;
- Aeroporti di Roma reports rise in Mar-2010 pax numbers;
- HACTL reports surge in Mar-2010 cargo volume.
Selected airports daily share price movements (% change): 12-Apr-2010