JAT, Autogrill shares easing
Shares in Japan Airport Terminal fell back 1.8% in trading on Friday, after climbing during the middle of last week. The company has reported surge in duty free sales following the expansion of international services from Tokyo Haneda Airport. Despite the higher traffic at the airport, in Nov-2010 the company slashed its FY2011 (year ending 31-Mar-2011) net profit forecast from USD16.1 million to USD7.4 million.
Shares in Italy's Autogrill dropped 1.5% yesterday. The catering services and airport retail company forecast in Nov-2010 that its would generate EUR5.6 billion in revenue. The forecast was cut from an earlier EUR6.03 billion forecast, due the the company's sale of Alpha Flight Group to the Dubai-based airport service company, Dnata.
Selected airport suppliers daily share price movements (% change): 14-Jan-2011