Shares in European airports continued to rise yesterday, while shares in Asia Pacific airports fell back. Copenhagen Airport led the increase, surging 5.5%, as the airport reported (only) single digit traffic declines last month. Ferrovial, parent of BAA, bounced back, gaining 3.7%, while Fraport rose higher to 3.1%.
In the Asia Pacific region, Chinese airport shares led the decline yesterday, with Xiamen, Shenzhen, Beijing and Guangzhou airports falling 3.0%, 2.8%, 2.6% and 2.2%, respectively. Macquarie Airports’ shares lost ground yesterday (-1.7%), as the latest traffic results show Sydney Airport is trailing behind other Australian airports. Australian Infrastructure Fund's shares rose 2.6% yesterday.
Selected airports daily share price movements (% change): 21-Jul-2009