Created by Airport Insights, the Airport Operator Stock Index is a customized market capitalization-weighted stock market index that tracks the performance of 25 airport operators listed in stock exchanges all over the world.
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 the index having 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 0.4 points to reach 107.5 points at the close of 21 August 2020. Compared to the start of the Index on 31 July 2020, the Index has increased by 7.5 points.
The poorer performance of the Airport Operator Stock Index over the week has largely been driven by the negative performance of a couple of airport operator stocks as shown in the tables below.
Over the week, the majority of airport operators saw declines in their share prices and market capitalization. The best performing airport operators were Sydney Airport Corporation Limited (SYD.AX), which saw a 4.6% growth in market capitalization over the past week as well as Auckland International Airport Limited (AIA.NZ) which grew by 5.7% in market capitalization over the past 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.
Highlights of the week ending on 21 Aug 2020:
Aéroports de Paris SA announced its July 2020 traffic figures.In July 2020, Groupe ADP total traffic was down by 77.3% compared to July 2019, with 6 million passengers welcomed for the entire network of operated airports.Passenger traffic at TAV Airports, 46.1%-owned by Groupe ADP, decreased by 82.8% in July 2020 and has decreased by 79.6% since the beginning of the year.
The Vietnam Aviation Business Association (VABA) has proposed the Government lend domestic airlines a credit package of between 25-27 trillion VND (1.08-1.17 billion USD) at a preferential interest rate for a three-four year term. It also it asked the Government to direct the Ministry of Transport and the Airport Corporation of Vietnam to cut 50 percent of all airport service charges.
SITA announced that it had outfitted Beijing Capital International Airport with its flagship Smart Path biometric screening system. The contactless solution will cover the entire passenger journey, allowing people to move through security checkpoints and board their planes with a simple facial recognition scan.
It suffered a year-on-year decline in passenger traffic by 97.8% to 0.4 mil.
Excluding the impact of IFRS rule IAS 29, its revenues declined 78.9%, or US$312.0 mil, to US$83.5 mil, mainly due to a US$170.5 mil drop in Aeronautical revenues driven by the impact of the COVID-19 pandemic, and lower construction service revenue in Argentina reflecting lower capex in the period.
The company announced an operating loss of US$76.1 mil compared to an operating profit of US$76.5 million in Q2 2019.
Revenue of the Flughafen Wien Group in the period fell by 51.2% to EUR 195.8 mil (US$230.0 mil).
EBITDA declined by 73.3% to EUR 48.9 mil (US$57.7 mil) , and EBIT was down by 113.8% to minus EUR 16.2 mil (US$ 19.1 mil).
The company recorded a passenger throughput of 6.0 mil passengers in H1 2020, 51.6% lower than that in H1 2019.
Total revenue for H1 2020 was RMB 608.5 mil (US$87.94 mil) , 25.8% lower than that in H1 2019. Net profit attributable to shareholders was RMB 79.61 (US$11.51 mil) , 71.1% lower than that in H1 2019.
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