My Account Menu

CAPA Login

Register to trial CAPA Membership!

Shanghai Airport's commercial and F&B revenue rises, but overall revenues dip


Shares in China’s Shanghai International Airport Co closed 1.9% lower on Friday, ahead of the release of the airport operator’s financial report for the 12 months ended 31-Dec-2009 (on Saturday, 27-Feb-2010).

During the period, total revenue dipped 0.4% year-on-year to USD489.0 million, while total operating costs rose 11.5% year-on-year to USD400.1 million. Revenue from commercial and F&B operations was the only category to rise in 2009, up 16.2% to USD97.7 million, while aeronautical (-1.4%), property and equipment rental (-5.9%), and ground services (-24.0%) revenues all fell.

Operating profit declined 18.6% year-on-year in the 12 month period, while net profit of USD103.4 million was down 17.8% compared to 2008. In the year, aircraft movements increased 8.4% year-on-year, carrying 13.1% more passengers, but 2.3% less cargo volume. See related report: Worldwide airports data: Monthly aircraft movements now tracked by CAPA

Shares in Beijing Airport (0.2%) also dipped on Friday, while Shenzhen remained flat and Xiamen gained (+2.2%).

Today’s edition of Airport Business Daily contains the full financial report for Shanghai International Airport Co and the following reports on Chinese and global airports:

Selected airports daily share price movements (% change): 26-Feb-2010

Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.