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Ferrovial gains as London Heathrow edges its way to recovery: Airport Share Wrap

Shares in Spain’s Ferrovial, investor in the UK’s BAA, jumped 3.2% yesterday, upon the release of its airport traffic report for Mar-2010 and the three months ended 31-Mar-2010. London Heathrow is seeing signs of a recovery, with passenger numbers growth of 0.4% year-on-year for the month (despite the impact of British Airways' cabin crew strike) and 1.6% for the quarter. Cargo volume at the airport surged 29.6% in Mar-2010 and 21.8% in the three month period.

Overall a 1.5% year-on-year reduction in BAA passenger traffic in Mar-2010 was led by a 4.2% decline at London Stansted Airport. Stensted also recorded a 4.7% decline in passenger numbers for the three months ended 31-Mar-2010. However, cargo volumes at Stansted increased 23.3% year-on-year in Mar-2010 and 20.5% in the quarter.

BAA reports the following traffic highlights:

  • Mar-2010:
    • Passenger Numbers: 8.2 million, -1.5% year-on-year;
    • Cargo volume: 154,813 tonnes, +27.7%;
      • Heathrow: 133,399 tonnes, +29.6%;
      • Stansted: 18,865 tonnes, +23.3%;
    • Aircraft movements: 74,098, -6.6%;
      • Heathrow: 37,363, -6.5%;
      • Stansted: 11,810, -7.4%.
  • 3 months ended Mar-2010:
    • Passenger Numbers: 22.6 million, -0.8%;
      • London Heathrow: 14.6 million, +1.6%;
      • London Stansted: 3.9 million, -4.7%;
    • Cargo volume: 408,970 tonnes, +21.8%;
      • Heathrow: 352,720 tonnes, +23.1%:
      • Stansted: 49,467 tonnes, +20.5%;
    • Aircraft movements: 210,123, -4.9%;
      • Heathrow: 108,552, -3.3%;
      • Stansted: 33,637, -4.8%.

Also reported today in the exclusive Airport Business Daily are the following traffic headlines:

  • Norwegian airports passenger traffic rose in 1Q2010;
  • Madrid-Barajas Airport reports rise in Mar-2010 pax numbers;
  • Aeroportos de Portugal reports passenger numbers up strongly in Mar-2010;
  • Berlin Tegel Airport reports rise in Mar-2010 pax numbers;
  • Irish Air Traffic reports rise in Mar-2010 traffic;
  • Aeroporti di Roma reports rise in Mar-2010 pax numbers;
  • HACTL reports surge in Mar-2010 cargo volume.

Selected airports daily share price movements (% change): 12-Apr-2010