Auckland Airport completes USD105 million refinancing, BAA parent, Ferrovial, continues to rise
Shares in Auckland International Airport rose 2.3% in trading yesterday, following the completion of a NZD150 million (USD105 million) refinancing of maturing standby facility.
The airport also welcomed a ruling by the Court of Appeal today, dismissing an appeal by the Craigie Trust against a High Court judgment in Jun-2008 over land acquired by the airport from the Trust.
Airports Council International (ACI) released its annual Airport Economics Report 2009, which showed airports worldwide reporting a revenue of USD96 billion, on the back of USD55 billion in operating costs in 2008. Capital expenditure by airports fell 1.5% in 2008 but is expected to increase 6% to USD42 billion in 2009 as airports expect traffic to begin to pick up. According to ACI, traffic is expected to “rebound and may well exceed moderate predictions of +2% p/a next year”.
Meanwhile, Brussels Airport reported a 1.5% decline in passenger numbers to 1.2 million in Nov-2009.
Selected airports daily share price movements (% change): 22-Dec-09