MAp’s smallest airport has the biggest prospects?

Macquarie Airports (MAp) has released its financial and traffic highlights for 2008 together with comments on initial trends for 2009. All the invested airports had positive traffic, revenue and EBITDA results even if all fell away badly in the last months of 2008. So far in 2009, passenger traffic is down badly at the European airports but not so badly in Sydney where a third A380 operator (Emirates) has commenced service. But it is the group’s smallest airport, Bristol (UK) that appears to have some of the best prospects. [1127 words]

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This report contains the following subheadings:

• MAp shareholders vote to de-leverage Sydney Airport's capital structure by repaying AUD870 million term debt
• European airports fared worse in Jan-09 after riding out three poor months
• Bristol Airport grew the most in 2008 - positioned for further mid to long-term expansion