Mixed day for airport stocks: Beijing drops sharply, OMA and ASUR up on better than expected traffic
Airports of Thailand gained 1.9% yesterday, after it reported passenger traffic fell 12.1% in Apr-2009, with cargo down 26.0%. International passenger traffic is still weaker than domestic traffic, which was down 10.9%.
May traffic highlights from Mexican airport operator, OMA, indicate the dramatic impact of swine influenza on Mexican traffic, with passenger numbers declining 39.7%, and international passenger numbers down by 52.7%. OMA’s share price was up 1.5% yesterday, indicating the results were probably better than the market had expected. ASUR, which operates nine Mexican airports (including Cancun, the country’s largest international airport), was up 0.6%. Its own traffic fell by 50.7% in May-2009.
Macquarie Airports (MAp) was up 3.0% yesterday, after reporting that its foreign ownership level eased from 33.9% to 33.8%. Since Sep-2008, MAp’s foreign ownership level has dropped from 38.8%, mostly due to its TICkETS hybrid securities investment scheme.
For daily updates on American aviation stock prices and a complete wrap of the day's breaking news, sign up now for a complimentary subscription to America Airline Daily.
Selected airports daily share price movements (% change): 09-Jun-09