Shares in Macquarie Airports (MAp) surged 6.5% yesterday, upon the release of the fund's traffic report for its investment airports for Dec-2009 and the 12 months ended 31-Dec-2009, which showed market weakness over the full year, but signs of improvement in late 2009.
MAp CEO, Kerrie Mather, stated Sydney, Copenhagen and Brussels reported their strongest traffic results for the year in Dec-2009. Ms Mather added MAp’s portfolio displayed “resilience” in 2009 during a “testing operating environment” for its airports, displaying an improvement in results throughout the year.
Sydney Airport recorded an 8.0% year-on-year in passenger numbers for the 12 months ended 31-Dec-2009, to 3.1 million. However, passenger traffic grew just 0.4% to 33.0 million passengers for the 12 months ended 31-Dec-2009.
For full traffic highlights from MAp's investment airports, see today's edition of Airport Business Daily.
Shares in Copenhagen Airport rose 5.8% yesterday.
Guangzhou Baiyun and Shanghai down, despite encouraging traffic results
In China, shares in Guangzhou Baiyun and Shanghai airports lost 1.0% and 4.3% yesterday, respectively. Both Guangzhou Baiyun International Airport and Shanghai Pudong International Airport reported their traffic highlights for Dec-2009, with a 14.6% and 16.6% improvement in passenger traffic at Guangzhou and Shanghai Pudong, respectively, in the month. Cargo volumes jumped in Dec-2009, rising 79.9% and 47.9% year-on-year at Guangzhou and Shanghai Pudong, respectively, in another sign of a strong economic recovery in China.
Other traffic reports in today’s Airport Business Daily edition include:
- Brussels Airport;
- Bologna Airport;
- Changi Airport;
- Kansas City International Airport;
- Portland International Airport;
- Southwest Florida International Airport.
Selected airports daily share price movements (% change): 20-Jan-2010