Dufry jump after expansion in Mexico, Fraport, MAp, Ferrovial and Aeroports de Paris all down
Shares in airports worldwide started the week generally lower, with Mexican airport operators, GAP and OMA heading the decline at -5.1% and -4.1%, respectively.
Major European airport shares followed the global trend, with Fraport and BAA parent, Ferrovial, sliding -2.4% and -3.0%, respectively. Aeroports de Paris and Zurich Airport also lost ground, dropping -3.2% and -3.1%, respectively.
Positive performers in the region include Italian airport operators, Aeroporto di Firenze (+1.4%) and Aeroporto di Venzia (+1.3%).
Shares in Switzerland’s duty free operator, Dufry, jumped 4.6% after confirming last week's announcement that it will take over the duty free assets and contracts of Mexico’s Latinoamericana Duty Free (LDF), which includes operations at Acapulco, Guadalajara, Ixtapa, Leon, Los Cabos, Monterrey, Mexico City and Puerto Vallarta airports.
Meanwhile, in the Asia Pacific region, MAp shares lost ground, closing at -2.8%. In comparison, Australian Infrastructure Fund’s shares remained on a high, gaining 3.7%.
Selected airports daily share price movements (% change): 26-Oct-2009