Greater Orlando Aviation Authority's pax up 5%; Grupo Mexicana represented 10% of ASUR's revenue
Greater Orlando Aviation Authority announced its passenger traffic rose by 5% in Jul-2010:
- Passenger traffic at Greater Orlando Aviation Authority increased by 5% in July 2010, reaching 3.3 million passengers.
- Domestic passenger numbers rose by 4.23%, while international passenger numbers increased by 16.73%.
- Aircraft movements at Orlando International Airport grew by 4.09%, while Orlando Executive Airport experienced a decline of 8.9%.
- Air cargo volume at the airport increased by 13.62%, with international cargo seeing a significant growth of 319.32%.
- Grupo Aeroportuario del Sureste (ASUR) reported that Grupo Mexicana's suspension of operations had a limited impact on its revenues, as other carriers operated most of the routes previously served by Grupo Mexicana.
- The stock prices of GAP and OMA, two Mexican airport operators, experienced a slight decline on September 8, 2010.
- Passenger numbers: 3.3 million, +5.32%;
- Domestic: 2.9 million, +4.23%;
- International: 315,000, +16.73%;
- Aircraft movements: 34,895, +
- Orlando International: 27,011, +4.09%;
- Orlando Executive: 7,884, -8.9%;
- Air cargo: 13,958 tonnes, +13.62%;
- Domestic: 7,690, -28.73%;
- International: 6,267, +319.32%.
See related CAPA profile: Traffic - Airports
Mexico's Grupo Aeroportuario del Sureste (+1.1%) (ASUR) stated Grupo Mexicana represented 10.8% of its revenues for the eight-month period ended 31-Aug-2010, primarily from domestic passengers. ASUR believes that the majority of the routes operated by Grupo Mexicana were also operated by other carriers and thus the ultimate impact from the suspension of operations will not be in the same proportion as the number of flights cancelled.
However, ASUR stated it cannot be sure that competing carriers will seek to increase their flight schedules or of the affect that this could have on its business and results of operations, which could be adversely affected if traffic does not migrate to other airline customers.
Meanwhile, GAP (-0.4%) and OMA (-1.1%) shares fell on Wednesday (08-Sep-2010).
Selected airports daily share price movements (% change): 08-Sep-2010