Shenzhen Airport and GAP on improved traffic, European airports mixed on “less worse” traffic result
Shenzhen Airport’s shares gained 0.6% yesterday following the release of its Aug-2009 traffic results, which showed double-digit growth in passenger, cargo traffic and aircraft movements:
- Passenger numbers: 2.1 million, +23.7% year-on-year;
- Cargo volume: 53,400 tonnes, +11.5%;
- Aircraft movements: 17,400, +12.3%.
Mexican airport operator, Grupo Aeroportuario del Pacifico (GAP), gained 4.9% as it outperformed its competitors, OMA and ASUR, in its latest traffic release, reporting a single-digit decline in passenger numbers in Aug-2009, at -7.7%, while its major competitors, OMA and ASUR, continued to report double-digit traffic declines, at -12.9% and 12.8%, respectively. GAP Aug-2009 traffic highlights are as follows:
- Passenger numbers: n/a, -7.7% year-on-year;
- Domestic: n/a, -3.8%;
- International: n/a, -15.8%.
European traffic still struggling
In Europe, airport shares were mixed yesterday, as Europe’s full service carriers reported weakness towards the end of Aug-2009.
ACI-EUROPE reported traffic results for 106 of its member airports in Jul-2009, which showed traffic remaining at suppressed levels.
According to ACI-EUROPE Director General, Olivier Jankovec, “things aren’t so much improving as getting less worse. The vast majority of European airports continue to lose traffic, albeit at a slower pace than earlier in the year. The real ray of light comes from the trend in freight traffic, which is substantially above the-20% barrier for the first time this year. However, this cannot yet be called a recovery.”
ACI-Europe traffic highlights in Jul-2009 were as follows:
- Passenger numbers: n/a, -4.3% year-on-year;
- Cargo volume: n/a, -13.4%;
- Aircraft movements: n/a, -7.3%.
Selected airports daily share price movements (% change): 08-Sep-2009