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The Airport Operator Stock Index as of 28 August 2020

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 up by 4.3 points to reach 111.8 points at the close of 28 August 2020. Compared to the start of the Index on 31 July 2020, the Index has increased by 11.8 points

The improved performance of the Airport Operator Stock Index over the week has largely been driven by the strong performance of a couple of airport operator stocks as shown in the tables below.

Over the week, the 15 of the publicly-listed airport operators saw increases in their share prices and market capitalization. Among the best performing airport operators were the three Europe-based airport operators Aena SME SA, Fraport AG and Flughafen Zürich AG.

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 26.3%.

Highlights of the week ending on 28 Aug 2020:

Flughafen Zürich AG released its financial results for the first half of 2020.

Total revenue slumped by almost 50% compared with the first half of 2019 to CHF 310.4 mil (US$343.3 mil). Revenue from aviation operations was down by 58.6% to CHF 130.4 mil (US$144.2 mil).

Operating expenses decreased by 27.7% year on year to CHF 205.5 mil (US$227.2 mil), although last yearʼs cost base was negatively impacted in particular by CHF 45.1 mil (US$49.9 mil) for the development of the infrastructure in Florianópolis.

Earnings before interest, tax, depreciation and amortisation (EBITDA) fell by 65.5% to CHF 104.9 mil (US$116.0 mil)

Guangzhou Baiyun International Airport served more than 4.1 mil passengers in July amid a comeback in air travel. This represents a 31.9% increase over June, according to the airport operator.

Malaysia Airports Holdings Bhd released its financial results for the first half of 2020.

The company generated revenues of MYR 1.2 bil (US$288.1 mil) in H1 2020, 52% lower than that generated in the same period in 2019.

It made a net loss of MYR 111.5 mil (US$26.8 mil) in H1 2020. In comparison, it had generated a net profit of MYR 309.7 mil (US$74.3 mil) in the same period in 2019.

Hainan Meilan International Airport Co. Ltd released its financial results for the first half of 2020.

The company generated revenues of RMB 608.5 mil (US$88.6 mil), 25.5% lower than that generated in the same period in 2019.

Net profit attributable to shareholders was RMB 79.61 mil (US$11.6 mil), 71% lower than that generated in the same period in 2019.

Sydney Airport Corporation Limited announced a restructuring that would impact 118 roles across the organisation, and which equates to 22 per cent of the workforce.

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