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European airport shares fall, some life still in Asia – Airports Share Wrap

Shares in major European airport operators continued to drop on Wednesday, with Hochtief, which holds stakes in Athens, Budapest, Düsseldorf, Hamburg, Sydney and Tirana airports, dropping 8.0%.

Ferrovial, owner of BAA, lost 5.7%, as it continues to suffer from the fall out of its sale of London Gatwick to Global Infrastructure Partners, booking a capital loss of EUR142 million on the sale.

Zurich (-3.0%), Fraport (-2.5%) and Copenhagen (-1.9%) were also down.

Chinese airports reported stronger performances in trading yesterday. Xiamen Airport finished the day 3.3% higher, while Shenzhen (+2.4%) and Guangzhou (+0.6%) were also higher. However, Beijing and Hainan Meilan were weaker, down 1.9% and 3.4% respectively.

Elsewhere in the Asia Pacific, MAp also traded higher, up 2.5%, while Japan Air Terminal and Auckland Airport were flat. Airports of Thailand and Korea Airports lost ground, down 3.7% and 3.6% respectively.

Selected airports daily share price movements (% change): 28-Oct-09