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MAp aeronautical revenue surges 17.8% in 3QFY2009/10: Airport share wrap

Analysis

Shares in MAp dipped 0.3% yesterday ahead of the release of its financial and traffic report for Sydney International Airport for the three months ended 31-Mar-2010. Total airport revenue rose 11.7% year-on-year to USD211.6 million, led by a 17.8% surge in aeronautical revenue to USD88.1 million. Revenue from aeronautical security recovery was the only category to decline, down 1.4% year-on-year to USD16.5 million in the quarter.

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