Vienna Airports down on weak results, MAp reports traffic – Airports Share Wrap
However, the results are an improvement over heavy falls seen in revenue and profits in early quarters this year. For the nine months to 30-Sep-2009, the company reported a 10.4% drop in revenue and a 28.4% drop in net profit.
The airport reported a slower decline in traffic during 3Q2009, and traffic figures are improving as the year draws to a close. Traffic data for Oct-2009 showed a “substantially slower decline in all traffic segments”, down just 2.9% year-on-year. The share of passengers handled by the Austrian Airlines Group at the airport continued to decline, totaling 49.4% for the first nine months.
Meanwhile, MAp fell 0.4% after reporting the following traffic highlights for its investment airports for Oct-2009, highlighting the “ongoing recovery” across its protfolio:
- Sydney Airport: 3.1 million, +6.1% year-on-year;
- Copenhagen Airport: 1.8 million, -2.7%;
- Brussels Airport: 1.5 million, -5.8%;
- ASUR: 1.0 million, -7.2%;
- Bristol Airport: 525,000, -1.0%.
Chinese airports were prevalent in the positive share performers yesterday, with Guangzhou Baiyun (+0.7%), Xiamen (+0.8%) and Shenzhen (+1.1%) all up. Turkish airport operator, TAV Airports, was also up, gaining 1.5%.
Selected airports daily share price movements (% change): 19-Nov-09