AIX reports ‘strong demand’ in Jan-2011
Australian Infrastructure Fund (AIX) reported "strong demand" across its portfolio in Jan-2011, with AIX-weighted passenger numbers up 9.8% in the month. CEO Jeff Pollock stated AIX’s Australian airports, which comprise 83.5% of the portfolio, were the key drivers of the strong performance, increasing 11.3% year-on-year.
- Total (AIX-weighted) passenger growth: 9.8%;
Australian Infrastructure Fund: “AIX’s Australian airports continue to benefit from airline competition, route development and capacity additions which are stimulating passenger demand and growth. Developments to cater for this growth are planned at a number of our airports and are expected to contribute to longer term returns for AIX investors.” Jeff Pollock, CEO. Source: Company Statement, 08-Mar-2011.