Loading

Australian Infrastructure Fund reports 7.6% pax increase; GMR shares gain 7.6%

Australian Infrastructure Fund (AIX) shares dropped by 1.8% on Wednesday (01-Dec-2010). On the same day the airport operator announced the passenger traffic across its airports increased 7.6% year-on-year in Oct-2010. Highlights include:

  • Perth Airport: +8.8%;
    • Domestic: +8.6%;
    • International: +9.3%;
  • Australia Pacific Airports Corporation: +10.2%;
    • Domestic: +9.3%;
    • International: +14.2%;
  • Queensland Airports Limited: +7.0%;
    • Domestic: +7.9%;
    • International: +5.6%;
  • NT Airports: +5.7%;
    • Domestic: +4.4%;
    • International: +10.9%;
  • Sydney Airport: +3.7%;
    • Domestic: +4.1%;
    • International: +2.9%;
  • Athens Airport: -4.4%;
    • Domestic: -14.6%;
    • International: +1.8%;
  • Düsseldorf Airport: +11.0%;
    • Domestic: +7.1%;
    • International: +12.1%;
  • Hamburg Airport: +10.4%;
    • Domestic: +7.7%;
    • International: +12.2%.

GMR Infrastructure (+7.6%) shares gained the most ground on Wednesday. GMR had announced plans to divest its 50% stake in InterGen NV to China Huaneng Group for USD1.23 billion.

Selected airport operators/investors daily share price movements (% change): 01-Dec-2010

Lagardere SCA shares rose by 5.3% on Wednesday following reports it is considering selling its international magazine business in order to focus on its French magazine titles.

Selected airport suppliers daily share price movements (% change): 01-Dec-2010