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Sydney Airport pax up 9.4% in Jul-2010; AAI releases commercial revenue highlights

Analysis

MAp (+1.4%) shares rose slightly on Thursday (19-Aug-2010). The following day the airport operator reported passenger numbers rose 2.1% year-on-year to 1.9 million at Brussels Airport in Jul-2010. MAp also released the following traffic highlights for Sydney Airport in Jul-2010:

Summary
  • MAp shares rose slightly following an increase in passenger numbers at Brussels Airport in July 2010.
  • Sydney Airport experienced a 9.4% year-on-year growth in passenger numbers in July 2010.
  • Domestic passenger numbers at Sydney Airport increased by 10% in July 2010.
  • International passenger numbers at Sydney Airport grew by 7.8% in July 2010.
  • Airports in India, including Bengaluru, Mumbai, Hyderabad, Delhi, and Cochin, reported significant commercial revenue in FY2008/09 and FY2009/10.
  • GVK Power and Infrastructure, GMR Infrastructure, and Malaysia Airports saw an increase in their share prices, while Infratil and Shenzhen Airport experienced a decline.
  • Passenger numbers: 3.1 million, +9.4% year-on-year;
    • Domestic: 2.1 million, +10%:
    • International: 1.0 million, +7.8%.

See related CAPA profile: Traffic and capacity

Unlisted Airports Authority of India reported the following commercial revenue highlights at its member airports in FY2008/09 and FY2009/10:

*Based on the conversion rate at USD1 = INR31.93

See related CAPA profile: Financial results

Other Asia Pacific airport operators that gained yesterday included GVK Power and Infrastructure (+4.5%), GMR Infrastructure (+2%) and Malaysia Airports (+1.9%). Meanwhile, Infratil (-0.6%) and Shenzhen Airport (-0.2%) lost ground.

Selected airports daily share price movements (% change): 19-Aug-2010

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