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The Airport Operator Stock Index as of 11 Sept 2020

Created by Airport Insights, the Airport Operator Stock Index is a customized market capitalization-weighted stock market index that tracks the performance of 26* airport operators listed in stock exchanges all over the world.

*GMR Infrastructure (GMRINFRA.NS) which operates a number of airports in India and the Philippines, has recently been added to the Airport Operator Stock Index.

It tracks the total market capitalization of this group of airport operators on a weekly basis, with the 31 July 2020 being the base date and containing a value of 100 derived from the weighted average market capitalization as of the base date.

Over the past week, the Index moved down by 2.7 points to reach 109.60 points at the close of 11 Sept 2020. Compared to the start of the Index on 31 July 2020, the Index has increased by 9.6 points.

Most of the airport operator stocks saw either no changes or decreases in their market capitalization over the past week. .

The top performer for the week was Hainan Meilan International Airport Company which saw its market capitalization increase by 9.2% over the week, followed by TAV Airports which had a 6.8% increase in market capitalization over the week.

Analyzing the growth in market capitalization from the start of the Airport Operator Stock Index on 31 July 2020 , Japan Airport Terminal Company's stock showed the highest growth in its market capitalization at 33.2%.

Highlights of the week ending on 11 Sept 2020:

Lima Airport Partners (LAP), part of the Fraport Group since 2001, signed a US$450 mil financing agreement for its airside development program at Jorge Chávez International Airport in Lima, Peru.

According to CGS-CIMB Research, a possible closure of long-haul budget carrier AirAsia X Bhd (AAX), may negatively impact Malaysia Airports Holdings Bhd with a potential revenue loss of RM254 million.

Tav Airports was the best performer at Borsa Istanbul in Turkey over the week ending 11 Sept 2020, with its shares up 6.36%.The highest trading volumes were posted by chemical producer Petkim, national flag carrier Turkish Airlines and air carrier Pegasus.

Turkeys Transport and Infrastructure Minister Adil Karaismailoğlu said on 10 Sept 2020 that Turkish civil aviation sector has survived the pandemic with minimal impact. In August 2020 alone, the total passenger traffic of the airports across Turkey was approximately 9.5 million including the direct transit passengers, according to the Minister.

Sales at Hainan's duty free shops in July-August 2020 amounted to RMB 5.85 bil (US$860 mil), an increase in 221.9% compared to the same period in 2019.

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