Australian Infrastructure Fund’s shares surged 9.5% yesterday capping some healthy increases since it released traffic data on 05-May-09 for its investment airports in the first quarter of 2009. Australian airports represent over 75% of the Fund’s portfolio and have shown greater resilience than most. Weighted by the Fund’s interest in each airport, passenger numbers grew by 2.8% year-on-year for the year to 31-Mar-09.
Australian Infrastructure Fund has diverse interests, including Airstralia Development Group (Perth Airport), Australia Pacific Airports Corporation (Melbourne and Launceston airports), Queensland Airports Ltd (Gold Coast, Townsville and Mount Isa airports), Airport Development Group (Northern Territory Airports – Darwin, Alice Springs and Tennant Creek airports), HOCHTIEF AirPort Capital (Athens, Dusseldorf, Hamburg and Sydney airports).
Meanwhile, shares in Vienna Airport and Copenhagen Airports rose 9% and 3.8%, yesterday, respectively.
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Selected airports daily share price movements (% change): 06-May-09