TAV Airports losses 5.6%: Airport Share Wrap
Shares in Turkish airport operator, TAV Airports, lost 5.6% yesterday leading the downward trend of airport and suppliers stocks.
- Shares in Turkish airport operator, TAV Airports, dropped by 5.6% following a downward trend in airport and suppliers stocks.
- Passenger numbers at Turkish airports increased by 19.9% in the four months ended Apr-2010, driven by a 22.1% growth in domestic traffic.
- European airport stocks experienced mixed performance, with Zurich Airport remaining flat, Vienna dipping 1.0%, and Aeroporto di Venezia and Ferrovial losing 2.6% and 3.6% respectively.
- Chinese airport operators, including Guangzhou Baiyan, Xiamen, and Shenzhen, saw their shares rise between 1.1% and 2.2%.
- Other reports featured in the article include SATS reporting a 19.6% increase in revenue, Athens International Airport experiencing a 10.4% rise in passenger numbers, and Grupo Aeroportuario del Pacifico reporting a 0.9% drop in April passenger traffic.
- There was a public holiday in Japan, Korea, and Thailand on 05-May-2010.
Turkey's General Directorate of State Airports Authority (DHMI) released its traffic report for Turkish airports yesterday. In the four months ended Apr-2010, passenger numbers rose 19.9% to 21.5 million, led by a 22.1% improvement in domestic traffic, while international traffic was up 16.9% year-on-year.
Also in Europe, shares in Zurich Airport were flat, Vienna dipped 1.0%, Aeroporto di Venezia reduced 2.6%, Ferrovial lost 3.6% and Copenhagen closed 3.8% lower.
Select Chinese airport operators gained yesterday, Guangzhou Baiyan advanced 2.2%, while Xiamen and Shenzhen both closed up 1.1%.
The full traffic report from Turkey's General Directorate of State Airports Authority is featured in Airport Business Daily, your strategic airport news updates service delivered to your inbox. Other traffic/financial reports featured in today's edition include:
- SATS revenue up 19.6% for 3 months ended Mar-2010;
- Athens International Airport reports 10.4% rise in 1Q2010 pax;
- Grupo Aeroportuario del Pacifico reports 0.9% drop in Apr-2010 pax;
- Charlotte Douglas Airport reports 6% rise in Mar-2010 pax.
Selected airports daily share price movements (% change): 05-May-2010
Source: Centre for Asia Pacific Aviation & Yahoo! Finance
*There was a public holiday in Japan, Korea and Thailand on 05-May-2010