Ferrovial soars, Fraport higher, Aeroports de Paris and Vienna Airport steady as MAp slips
Vienna Airport’s shares eased 0.7%, as investors reacted to Flughafen Wien’s decision to suspend construction of a new Skylink terminal, which is expected to result in substantial capex savings. The project has a forecast cost of EUR830 million. Shareholders were also reacting to the European Commission's deferral of its decision on Lufthansa’s proposed takeover of Austrian Airlines, the largest operator at Vienna Airport. The Commission has launched an in-depth investigation into the proposed acquisition citing “serious” competitive concerns. Austrian Airlines' shares slumped over 6%.
In Asia, shares in Macquarie Airports and Australian Infrastructure Fund dropped 4.8% and 3.0%, respectively, as the Sydney ASX200 index lost ground, closing down 2.1%. Japan Airport Terminal’s shares surged 5.2%, outperforming the Tokyo Nikkei 225 index, which fell 0.19% yesterday, as All Nippon Airways announced a capital raising plan to help it acquire new B787 aircraft to take advantage of increasing slots at Haneda Airport.
Selected airports daily share price movements (% change): 01-Jul-09