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MAp up in early trade following “particularly pleasing” Feb-2010 traffic report

Shares in MAp slipped 0.7% yesterday, ahead of the release of the airport operator’s traffic report for Feb-2010. Both Sydney and Copenhagen airports posted double-digit growth in the month, with Brussels also up and ASUR the only investment airport to decline.

Passenger traffic details include:

  • Sydney Airport: 2.8 million, +12.3% year-on-year;
  • Copenhagen Airport: 1.4 million, +10.4%;
  • Brussels Airport: 1.1 million, +4.9%;
  • ASUR: 1.4 million, -6.9%.

MAp CEO, Kerrie Mather, stated the results are “particularly pleasing”, as the recovery across its portfolio continues, with all airports “benefiting from additional capacity announcements”. Shares in MAp rose 0.65% in early trade on the Australian stock exchange this morning.

European airports were mixed yesterday, with Copenhagen surging 5.5% and TAV Airports closing 3.2% lower yesterday.

Selected airports daily share price movements (% change): 18-Mar-2010