Airport shares worldwide were generally down in trading yesterday, as Italy’s Gemina (-5.4%) and Turkey’s TAV Airports (-3.8%) recorded the heaviest declines.
Shares in Ferrovial, owner of UK’s BAA, fell 1.2%. BAA Director, Mike Forster, revealed that approval for London Heathrow’s GBP8 billion third runway project could take up to four years, under the new planning application structure introduced in Oct-2009. Much of airport’s future as a major European transit hub lies largely on the development proposed runway.
Positive performers in airport shares include Copenhagen Airport (+2.2%) and MAp (+0.7%). Mexican airport operators, ASUR, OMA and GAP also made up lost ground, gaining 1.8%, 0.8% and 0.4%, respectively.
Selected airports daily share price movements (% change): 17-Nov-2009