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Mexican airports surge as global airport shares rally

Shares in airports worldwide started the year on a positive note, with the majority of airports closing higher in trading yesterday, led by Mexican airport operators, GAP and ASUR, which soared 5.2% and 4.5%, respectively.

Major European airport operators were also among the positive performers. Fraport and BAA parent, Ferrovial, gained 2.8% and 2.0%, respectively.

In the Asia Pacific region, airport shares were generally mixed with Malaysia Airports, Beijing Airport and MAp going against the trend, closing down 1.5%, 1.4% and 1.3%, respectively. Meanwhile shares in Hainan Meilan International Airport bounced back yesterday, up 0.9%. HNA Airport Group, owner of 12 airports, including Hainan Airport, reported traffic across its airports broke the 20 million mark for the first time in 2009 with a passenger growth of 10.2%.

Selected airports daily share price movements (% change): 04-Jan-2010