Shares in European airports were generally higher in trading yesterday, led by Italy’s Gemina, parent of Rome Airport operator, Aeroporti di Roma (AdR), which soared 9.2%.
The jump comes amid reports that its largest shareholder, Investimenti Infrastrutture, is considering another capital increase, aimed at cutting its debt and focusing on the re-launch of AdR.
Shares in Ferrovial, parent of the UK’s BAA, rose 4.7% yesterday, leading a strong day for European airport shares. Germany’s Fraport gained 1.8%, following the release of its Aug-2009 traffic results:
- Passenger numbers: 7.8 million, -2.3% year-on-year;
- Cargo volume: 181,624 tonnes, -5.1%;
- Frankfurt: 159,628 tonnes, -6.1%;
- Aircraft movements: 63,567, -4.2%;
- Frankfurt: 39,663, -5.0%;
- Antalya: 8,801, -3.5%.
Going against the trend was Vienna Airport, which closed down 4.3%.
Selected airports daily share price movements (% change): 28-Sep-2009