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Another ugly day for airport shares

Heavy selling struck AdP's shares on 20-Nov-08 as Air France confirmed capacity cuts for the Winter and announced it would now stagger a fleet investment programme over a longer period, making for fewer seats at the Paris hub.

Infratil's shares were hit by weak earnings and traffic at its airports, while Vienna Airport's traffic outlook downgrade disappointed investors and as they consider the outlook for Austrian Airlines as part of the Lufthansa Group.

Selected airports daily share price movements (% change): 20-Nov-08