Shanghai Airport passengers soar 48%: Airport Share Wrap


Shares in China's Shanghai Airport led the way up yesterday with a 4.3% gain. The operator released its Jun-2010 traffic report for Shanghai Pudong International Airport, boasting a 48.4% year-on-year increase in passenger numbers to 3.6 million.

  • Shanghai Pudong International Airport reported a significant increase in passenger numbers, with a year-on-year growth of 48.4% in June 2010.
  • Domestic, international, and regional traffic all showed strong recovery, with growth rates of over 40%.
  • Cargo volumes at Shanghai Pudong also improved, with a 35.9% increase compared to the previous year.
  • Aircraft movements at Shanghai Pudong grew by 20.7% year-on-year.
  • Other Chinese airport operators, including Xiamen, Shenzhen, and Guangzhou Baiyan, also experienced positive share price movements.
  • Australian airport operators, such as MAp and Australian Infrastructure Fund, saw gains in their share prices, while Avalon Airport announced a major upgrade in preparation for significant growth.

Domestic, international and regional traffic all recovered more than 40% year-on-year, details include:

  • Domestic: 1.9 million, +42.0%;
  • International: 1.2 million, +54.1%;
  • Regional: 478,700, +61.1%.

Overall improvement in cargo volumes was also significant, with the airport handling 267,000 tonnes in Jun-2010, up 35.9% year-on-year. Regional volumes surged 54.7% higher, while international added 41.0%. A recovery in domestic cargo volumes lagged, dipping 1.9% during the month.

Increases in passenger and cargo traffic at Shanghai Pudong were off 20.7% year-on-year growth in aircraft movements.

Shares in other listed Chinese airport operators were positive yesterday, including Xiamen (+3.0%), Shenzhen (+2.4%), Guangzhou Baiyan (+2.1%), while Beijing remained flat.

Australian airport operators gain, privately-owned Avalon prepares for biggest growth phase in its history

On the ASX yesterday, the Australian operators gained with MAp and Australian Infrastructure Fund closing 2.1% and 1.5% higher, respectively. Meanwhile, Australia's low cost commercial airport, Avalon, has announced a major upgrade as it prepares for the biggest growth phase in its history. See CAPA Q&A with Avalon Airport CEO, Justin Giddings, for more.

Selected airports daily share price movements (% change): 20-Jul-2010

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