Xiamen Airport recovers, ASUR and Fraport suffer from airline woes
Mexico's challenged airline market continues to trouble airport owner ASUR and Fraport too suffered with key operator Lufthansa's announcement of a reduced profit outlook and the implied likelihood of capacity reductions.
ASUR's rival operators, OMA and GAP had each revealed a 15% plunge in passenger traffic in Jan-09 as several airlines stopped flying to their airports. A number of Mexican regional and low-cost carriers, hit by the economic slowdown, have closed down since mid-2008, resulting in abandoned routes or reduced flights to some destinations. But ASUR's airports, notably Cancun, have previously held up well.
Selected airports daily share price movements (% change): 12-Mar-09