30-Mar-2011 1:54 PM
Global airport shares mixed on Tuesday
Analysis
Listed airport stocks were mixed yesterday, led lower by Shanghai International Airport (-3.8%) and higher by Auckland Airport (+2.5%).
Summary
- Airport stocks experienced mixed performance, with Shanghai International Airport declining (-3.8%) and Auckland Airport rising (+2.5%).
- David Neeleman, founder of Azul airline, has urged Brazilian authorities to expedite airport modernization efforts ahead of the 2014 World Cup.
- Neeleman believes that attracting foreign capital could help finance the necessary infrastructure upgrades.
- For more information, refer to the related report on Brazilian airport privatization attracting Mexican interest.
- These updates were reported on 30th March 2011.
- No other significant key points were mentioned in the article.
The founder of Brazilian airline Azul, David Neeleman, has urged authorities in Brazil to move quickly, if the country's airports are to be ready to host the 2014 World Cup. Speaking to Bloomberg, Mr Neeleman said the country could attract foreign capital to finance the modernisation of national airport infrastructure.
See related report: Brazilian airport privatisation attracts Mexican interest
Selected ABD daily share price movements (% change): 30-Mar-2011
