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The Airport Operator Stock Index as of 23 October 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.

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 up by 3.2 points to reach 110.1 points at the close of 23 Oct 2020. Compared to the start of the Index on 31 July 2020, the Index has increased by 10.1 points.

The majority (19) of airport operators saw positive growth in their market capitalization in the week ending on 23 Oct 2020.

The top performer for the week was Flughafen Wien AG, which saw its market capitalization grow by 14.5% over the past week.

Analyzing the growth in market capitalization from the start of the Airport Operator Stock Index on 31 July 2020 , Grupo Aeroportuario del Pacífico's stock (listed at the NYSE) showed the highest growth in its market capitalization at 42.4%.

Highlights of the week ending on 23 Oct 2020:

The Financial Times reported that the AENA has endorsed proposals from one its largest independent shareholders - London-based TCI Fund Management - for investors to be given a say in the firm's climate plans as they evolve over the coming decade.

Groupe ADP reported that over the first 9 months of 2020, the group's traffic fell by 61.8%, with a total of 72.3 mil passengers, and that of Paris Aéroport by 66.3%, with 27.8 mil passengers.

The group also reported that Groupe ADP had a cash position of EUR 3.6 bil as of 30 September 2020, of which EUR 730 mil was held by TAV Airports.

Copenhagen Airport revealed that continuous ‘preighter’ operations have helped it to establish itself as an “airfreight gateway to Scandanavia” after the bulk of it cargo capacity — bellyhold — was cut at the onset of the pandemic.By the end of September this year, the airport had processed almost 70% of the cargo volumes in the same period of 2019 at just above 50% of the capacity.

Fraport AG successfully placed a promissory note with six tranches and a total volume of EUR 250 mil with investors.

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) announced results for the three- and nine-month periods ended September 30 2020.

For 3Q20, total passenger traffic decreased 70.2% year over year while revenues declined 40.4% YoY to MXN 2.4 bil. However, consolidated commercial revenues per passenger reached MXN 137 mil, up from MXN 99 mil in 3Q19.

Consolidated EBITDA declined 69.5% YoY to MXN 755.1 mil, but above the comparable MXN 16 mil in 2Q20 (2Q20 excludes non-recurring insurance recoveries in Puerto Rico).

Grupo Aeroportuario del Centro Norte reported its financial and operational results for the three-month period ending in September 30 2020.

Passenger traffic decreased 62.4%, reaching 2.3 mil passengers. Passenger traffic showed a recovery during the third quarter compared to the decrease of 90.2% during 2Q20.

Total revenues were at MXN 1.2 bil, a 43.7% decline compared to the previous year.

At September 30 2020, the group's cash position was MXN 3 billion, which will allowi it to meet all of its investment and operating obligations.

Malaysia Airport Holdings Bhd is taking legal action against AirAsia X Bhd (AAX) to claim RM 78.16 mil being the outstanding aeronautical charges that the airline failed to collect at the Kuala Lumpur International Airport (KLIA).

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