Fraport jumps on new charges, JAT continues to climb - Airports Share Wrap
The agreement covers landing fees, charges for noise, engine emissions and parking, passenger fees and security charges. In total, charges will increase by 4% on 01-Jul-2010, followed by a 3% increase on 01-Oct-2010. Another two increases, of 3% and 2.5%, will follow in 2011, resulting in a total increase of 12.5%. However, if no consensus is reached the airport’s aviation partners can cancel the agreement, resulting in a one-time increase of 8.4% in airport charges on 01-Apr-2010.
In Asia, Japan Airport Terminal soared 7.4%, as it continues to gain on news that the Japanese Government is not planning to turn Tokyo Haneda Airport into a 24-hour international hub. Xiamen and Hainan Meilan shares also had positive days, up 5.3% and 3.8% respectively, but other Chinese Airport shares were more subdued.
Selected airports daily share price movements (% change): 01-Dec-09