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Gemina/Rome Airports suffer huge operating profit reduction

Italy’s Gemina, owner of Rome Airports (AdR), has reported financial highlights for the three months ended 30-Jun-09 and the six months ended 30-Jun-09, referred to here as 2Q09 and 1H09. They show a drastic decline in operating profit (-74.3%) in 1H09. The result was partially impacted by the demise of Alitalia and a new high-speed rail line between the capital and the commercial centre of Milan. The management remains optimistic that better traffic figures in Jul-09 offer it opportunities for a recovery.

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