Hochtief down despite raising 2009 forecast, Fraport and Vienna Airport up on improved traffic

European airport shares were mixed yesterday with BAA parent, Ferrovial, among the most affected in trading, losing 2.6%. German construction concern, Hochtief, also fell (-1.8%), after reporting mixed results for the three months ended 30-Sep-2009.

Hochtief's 3Q2009 EBITDA fell 1.8% to EUR188 million while the Group’s AirPort unit reported an impressive 126.7% EBITDA increase to EUR44.2 million. The group has mildly increased it net orders in the quarter, bringing its order backlog to EUR35,295 million, as of 30-Sep-2009.

Vienna Airport’s shares meanwhile, gained 2.6%, after reporting significant improvements in Oct-2009 traffic. Passenger number decline eased to -2.9%, from the -6.6% registered in the previous month while cargo volume registered a 4% growth, up from the 9.7% decline in Sep-2009.

Turkish airport operator, TAV Airports, saw its share rise 1.4%, after reporting a 52% increase in 3Q2009 net profit.

Queensland Airports and Perth Airport Oct-2009 traffic growth down from previous month

In the Asia Pacific region, shares in Australian Infrastructure Fund fell 1.3% following the release of Oct-2009 traffic results by Queensland Airports and Perth Airport, which failed to match the very strongly positive growth levels of Sep-2009.

Queensland Airports reported an 11.3% year-on-year increase in passenger numbers in Oct-2009, down from the 13% reported in Sep-2009, while Perth Airport reported a 14.2% passenger number increase, also down from the 16.4% it registered in Sep-2009.

Shares in MAp gained 0.7%.

Selected airports daily share price movements (% change): 12-Nov-2009