GAP’s five-year capital budget approved, Dec-2009 traffic mixed, Hainan Airport remains on a high
Shares in Mexico’s airport operator, Grupo Aeroportuario del Pacifico (GAP) gained 0.8% in trading yesterday after reporting mixed traffic results in Dec-2009.
The airport operator however, stated its capital expenditure of MXN2.8 billion (USD217.6 million) for the next five-years has received government approval. GAP will invest USD64.4 million in its busiest airport, Guadalajara Airport. GAP traffic highlights in Dec-2009 included:
- Passenger numbers: +0.4% year-on-year;
- Domestic: +1.8%;
- International: -2.1%.
In the Asia Pacific region, Hainan Meilan International Airport’s shares remained on a high, rising 7.6% for the second consecutive day. Shares in Beijing Capital International Airport also gained 2.8%. According to the CAAC, passenger numbers at the airport reached 65.5 million in 2009, one of 14 airports in the country to report annual passenger numbers of over 10 million.
Meanwhile, Shenzhen Airport’s shares fell 1.5%. The airport reported an annual passenger numbers of 24.5 million in 2009, an increase of 14.4% year-on-year.
Selected airports daily share price movements (% change): 06-Jan-2010