Loading

Swedish traffic stumbles, more chilling data from Mexico - Share Wrap

Analysis

Sweden's LFV Group reports further weakness in passenger traffic in May-2009, with total passenger numbers across Sweden's airports falling 15% last month, following a 16% reduction in Apr-2009. Stockholm-Arlanda Airport handled 1.4 million passengers last month, down 16% year-on-year, following a 15% reduction in Apr-2009. This weakness may have contributed to the 1.2% reduction in Copenhagen Airport's share price yesterday.

Vienna Airport's shares fell 2.4%, while Fraport was 1.4% lower. European airlines are expected to report a combined USD1.8 billion net loss in 2009 - a major downgrade since the March estimate of a USD1.0 billion loss.

Meanwhile, more grim traffic reports are emerging from swine flu central. Mexico's Grupo Aeroportuario del Centro Norte (OMA) reports the following traffic highlights in May-2009:

  • Passenger numbers: 753,400, -39.7% year-on-year;
    • Domestic: 670,100, - 37.6%;
    • International: 83,300, -52.7%.

OMA's shares fell 1% yesterday. Rivals GAP and ASUR rose 0.3% and 1.8%, respectively.

For daily updates on American aviation stock prices and a complete wrap of the day's breaking news, sign up now for a complimentary subscription to America Airline Daily.

Selected airports daily share price movements (% change): 08-Jun-09

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More