Loading

Mixed day for airport stocks: Indian traffic soaring

Analysis

Global airport stocks were mixed yesterday, with Vienna Airport falling 1.8% and Copenhagen Airport closing 1.4% lower. At the other end of the scale, Fraport and Venice Airport rose 1.8% and 2.7%, respectively.

Summary
  • Global airport stocks experienced mixed performance, with Vienna Airport and Copenhagen Airport declining, while Fraport and Venice Airport saw gains.
  • Airline traffic in India continues to grow at a rate above 20%, driven by economic expansion.
  • Indian carriers have seen significant growth in domestic passenger numbers.
  • GVK Power and Infrastructure Ltd, the operator of Mumbai Airport, saw a slight decline in its shares.
  • Beijing Airport experienced a 1.4% increase in its share price, while Korea Airport saw a 0.4% rise.
  • Data sourced from the Centre for Asia Pacific Aviation and Yahoo! Finance.

Indian airline traffic soaring

Airline traffic growth in India remained above 20% last month, spurred by economic expansion. The year-on-year comparison is also favourable (traffic fell around 5% in May-2009). See the CAPA Country profile on Indian Aviation.

Indian carriers domestic passenger numbers and passenger number growth: May-09 to May-2010

Shares in GVK Power and Infrastructure Ltd, which operates Mumbai Airport, eased 0.7% yesterday. Elsewhere, Beijing Airport rose 1.4% and Korea Airport rose 0.4%.

Selected airports daily share price movements (% change): 15-Jun-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