Loading

MAp up in early trade following “particularly pleasing” Feb-2010 traffic report

Analysis

Shares in MAp slipped 0.7% yesterday, ahead of the release of the airport operator's traffic report for Feb-2010. Both Sydney and Copenhagen airports posted double-digit growth in the month, with Brussels also up and ASUR the only investment airport to decline.

Summary
  • MAp's shares slipped 0.7% ahead of the release of the airport operator's traffic report for Feb-2010.
  • Sydney Airport experienced a 12.3% year-on-year growth in passenger traffic in February.
  • Copenhagen Airport also saw a significant increase in passenger traffic, with a growth rate of 10.4%.
  • Brussels Airport recorded a 4.9% growth in passenger traffic during the same period.
  • ASUR was the only investment airport to experience a decline in passenger traffic, with a decrease of 6.9%.
  • MAp's CEO expressed satisfaction with the results, highlighting the recovery across the portfolio and the positive impact of additional capacity announcements.

Passenger traffic details include:

MAp CEO, Kerrie Mather, stated the results are "particularly pleasing", as the recovery across its portfolio continues, with all airports "benefiting from additional capacity announcements". Shares in MAp rose 0.65% in early trade on the Australian stock exchange this morning.

European airports were mixed yesterday, with Copenhagen surging 5.5% and TAV Airports closing 3.2% lower yesterday.

Selected airports daily share price movements (% change): 18-Mar-2010

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More