European airport shares were mixed yesterday with BAA parent, Ferrovial, among the most affected in trading, losing 2.6%. German construction concern, Hochtief, also fell (-1.8%), after reporting mixed results for the three months ended 30-Sep-2009.
Hochtief's 3Q2009 EBITDA fell 1.8% to EUR188 million while the Group’s AirPort unit reported an impressive 126.7% EBITDA increase to EUR44.2 million. The group has mildly increased it net orders in the quarter, bringing its order backlog to EUR35,295 million, as of 30-Sep-2009.
Vienna Airport’s shares meanwhile, gained 2.6%, after reporting significant improvements in Oct-2009 traffic. Passenger number decline eased to -2.9%, from the -6.6% registered in the previous month while cargo volume registered a 4% growth, up from the 9.7% decline in Sep-2009.
Turkish airport operator, TAV Airports, saw its share rise 1.4%, after reporting a 52% increase in 3Q2009 net profit.
Queensland Airports and Perth Airport Oct-2009 traffic growth down from previous month
In the Asia Pacific region, shares in Australian Infrastructure Fund fell 1.3% following the release of Oct-2009 traffic results by Queensland Airports and Perth Airport, which failed to match the very strongly positive growth levels of Sep-2009.
Queensland Airports reported an 11.3% year-on-year increase in passenger numbers in Oct-2009, down from the 13% reported in Sep-2009, while Perth Airport reported a 14.2% passenger number increase, also down from the 16.4% it registered in Sep-2009.
Shares in MAp gained 0.7%.
Selected airports daily share price movements (% change): 12-Nov-2009
