ASUR up as airport opens up to more capacity, Ferrovial down on merger with Cintra
Shares in MAp recovered in trading yesterday, gaining 0.4% as it reported improving traffic results in Sep-2009.
The 4.9% increase in total passenger traffic at Sydney Airport, in which MAp holds a majority 74% share in, sparked optimism that growth could continue in the longer term.
- Passenger numbers: 3.0 million, +13.0% year-on-year;
- Cargo volume: 101,001 tonnes, +64.6%;
- Aircraft movements: 26,040, +17.1%.
Ferrovial receives shareholder approval for Cintra merger
Shares in BAA parent, Ferrovial, fell 1.2% in trading yesterday. The Spanish construction company received final shareholder approval for its merger with Cintra, aimed at creating a leading transport infrastructure operator. The transaction will see Ferrovial being absorbed by Cintra through increased capital.
Cancun airport opens new second runway
Meanwhile, Mexico airport operator, ASUR’s shares rose 3.2% as it announced the opening of a second runway at Cancun Airport. The USD67 million project, which includes a new control tower, is expected to increase the airport’s capacity to 28 million passengers p/a. Shares in Mexico's GAP fell 2.9%, while OMA shares gained 0.1%.
Selected airports daily share price movements (% change): 20-Oct-09