02-Jun-2009 1:05 PM
Macquarie Airports’ streak continues, Fraport, Aeroports de Paris and BAA parent higher – Share Wrap
Analysis
Airport stocks have rallied on general investor optimism about an economic recovery. Equity investors have also shrugged off the impact on airlines of sharply higher oil prices (which are closing in on USD70 per barrel). Macquarie Airports has continued its recent good form since announcing the disposal of its stake in Japan Air Terminal last month. Its shares surged 7.1% yesterday and have added a further 2.7% in morning trade today.
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