OMA reports traffic down in early 2011, Zurich traffic increases 5%
- OMA reported a slight decrease in traffic in January 2011, with domestic traffic increasing but international traffic decreasing.
- Shares in OMA and ASUR rose, while shares in GAP declined.
- Zurich airport experienced growth in passenger and cargo traffic, but commercial revenues declined.
- Indian airport operators, GVK Infrastructure and GMR Infrastructure, saw an increase in their share prices.
- Korean Airport Corp shares fell as the government delayed a decision on a new international airport project.
- Daily share price movements of selected airports on February 11, 2011.
Shares in OMA rose 1.7%, while shares in ASUR were up 2%. Shares in GAP were down 0.8%.
Zurich airport reported passenger traffic rose 5.1% in Jan-2011, while cargo traffic rose 8%. Commercial revenues at the airport declined in the first month of 2011, with overall sales to departing passengers down 7% year-on-year.
Shares in Indian airport operators finished the week up strongly. GVK Infrastructure shares jumped 9%, while GMR Infrastructure shares rose 4.9%.
Korean Airport Corp shares fell 2.6%. The South Korean Government stated it has not yet made a decision on the USD8.9 billion project to construct a new international airport in the south-eastern part of the country. Busan City and Daegu are competing to have the airport located at their preferred sites. A decision is due in Mar-2011.
Selected airports daily share price movements (% change): 11-Feb-2011
