Southeast China airports review – untrammelled growth in four cities in 1Q10
The main airports serving three of China’s largest cities in the southeast (Guangzhou, Xiamen and Shenzhen) plus Shanghai have made public their financial highlights for the 12 months ended 31-Dec-2009 and the three months ended 31-Mar-2010. With the exception of Xiamen, which itself recorded some healthy revenue growth and net profit, these airports demonstrated that China continues to lead the way out of the recession in the first quarter of 2010. Airport managers will be wary, though, of costs increasing typically by up to 10% in each period in some cases. All the airports are listed domestically on the Shanghai and Shenzhen Stock Exchanges.
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