Fraport lower as it pulls out of UK airport bid, AdP and BAA parent also lower, Beijing Airport up
Shares in airports worldwide generally eased yesterday. Fraport, operator of Frankfurt Airport, fell 1.6% as newly appointed CEO, Stefan Schulte, confirmed the airport operator is not interested in purchasing BAA’s London Stansted and Gatwick airports.
In the Asia Pacific region, Australia Infrastructure Fund lost the ground it gained on the previous trading day, falling 3.2%, while Chinese airports had a reprieve, led by Beijing Capital International Airport which gained 3.7% yesterday, followed by Shenzhen (+0.5%), Guangzhou (+0.4%) and Xiamen (+0.4%).
Selected airports daily share price movements (% change): 01-Sep-2009