The global economic crisis is having a major impact on Thai aviation. The country's international airports operator, Airports of Thailand, has seen is share price drop back below lows hit at the end of Oct-08. Escalating political tensions led to the closure of airports in Southern Thailand and the capital Bangkok, which have damaged the country's tourism reputation.
Airports of Thailand share price: 01-Oct-08 to 27-Feb-09
Elsewhere, Macquarie Airports shares were savaged, losing 9% yesterday, amid concerns at the fund's parent, Macquarie Bank, whose shares have lost 35% over the past 11 trading days to lows not seen since 1999. Macquarie Bank is expected to write down investments in MAp and Macquarie Infrastructure Group - a move the bank has been attempting to avoid.
Selected airports daily share price movements (% change): 02-Mar-09