Shares in Mexican airport operators Grupo Aeroportuario del Centro Norte (OMA), Grupo Aeroportuario del Pacifico and Aeropuertos del Sureste de México (ASUR) fell 4%, 1.8% and 0.9% yesterday on weaker than expected traffic reports for Nov-2009.
OMA reported the following traffic highlights in Nov-2009:
- Passenger numbers: 923,834, -10.9% year-on-year;
- Domestic: 778,561, -11.3%;
- International: 145,273, -8.5%
GAP meanwhile reported the following traffic:
- Passenger numbers: -2.9% year-on-year
- Domestic: -1.7%;
- International: -5.2%.
Elsewhere, China’s airports also showed weakness, with Beijing Airport (-3.6%), Hainan Airport (-3.3%), Guangzhou (-2.4%), Shenzhen (-1.9%) and Shanghai (-1.3%) all losing ground as the benchmark Shanghai Composite Index fell 1.1% yesterday, due to profit-taking and concerns about an increasing number of IPOs hitting the market.
Selected airports daily share price movements (% change): 08-Dec-09