Shares in airports worldwide generally eased yesterday. Fraport, operator of Frankfurt Airport, fell 1.6% as newly appointed CEO, Stefan Schulte, confirmed the airport operator is not interested in purchasing BAA’s London Stansted and Gatwick airports.
Shares in BAA parent, Ferrovial also closed lower, down 2.0% yesterday, as it continue to struggle to find bidders for London Gatwick for its asking price of GBP1.6 billion.
Mexican airport operator, OMA, and Vienna Airport led the declines yesterday, closing down 4.4% and 3.5%, respectively. Vienna was hit by the bankruptcy of LCC SkyEurope.
In the Asia Pacific region, Australia Infrastructure Fund lost the ground it gained on the previous trading day, falling 3.2%, while Chinese airports had a reprieve, led by Beijing Capital International Airport which gained 3.7% yesterday, followed by Shenzhen (+0.5%), Guangzhou (+0.4%) and Xiamen (+0.4%).
Selected airports daily share price movements (% change): 01-Sep-2009
