Shares in airports worldwide were generally down yesterday with Mexican airport operator, ASUR, sliding 5.4%, as it revealed passenger traffic slumped 28.4% in Jun-2009.
Asia Pacific airports were mixed, with Hainan Meilan International Airport and Shanghai Airport leading the declines, both closing down 1.9%. Shenzhen Airport eased 0.9%, despite reporting resilient traffic results in Jun-2009:
- Passenger numbers: 1.8 million, +15.8% year-on-year;
- Cargo volume: 47,800 tonnes, -3.0%;
- Aircraft movements: 15,900, +10.8%;
- Six months ended 30-Jun-2009:
- Passenger numbers: 11.9 million, +12.1%;
- Cargo volume: 268,100 tonnes, -12.0%;
- Aircraft movements: 98,100, +5.3%.
In Europe, Ferrovial, parent of BAA, also closed lower, down 3.8%, as Credit Suisse downgraded the group from 'outperform' to 'underperform', casting doubt on the group’s ability to inject up to USD2.6 billion in fresh capital to ease BAA’s debt load.
Selected airports daily share price movements (% change): 08-Jul-2009