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The Airport Operator Stock Index surges over the week ending 13 Nov 2020 with positive news about a vaccine

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 surged by 17.9 points to settle at 126.6 points at the close of 13 Nov 2020. Compared to the start of the Index on 31 July 2020, the Index has increased by 26.6 points.

This has been the highest weekly increase since the launch of the Airport Operator Stock Index at the end of July 2020. The improvement in the Airport Operator Stock Index in the week ending 13 Nov 2020 has been largely due to the positive reaction of the global stock market with drug firm Pzifer's announcement that preliminary analysis indicated that its coronavirus vaccine was 90% effective.

The surge in global stock prices had also been on top of a rally driven by news of Joe Biden's victory in the United States Presidential elections in the previous week.

With the exception of Hainan Meilan International Airport Company (0357.HK), all of the airport operators saw positive growth in their market capitalization in the week ending on 13 Nov 2020.

TAV Airports (TAVHL.IS) saw the biggest increase in market capitalization by 30.7% over the week ending on 6 Nov 2020.

Analyzing the growth in market capitalization from the start of the Airport Operator Stock Index on 31 July 2020 , Grupo Aeroportuario del Sureste (ASR) showed the highest growth in its market capitalization at 50.7%.

Highlights of the week ending on 13 Nov 2020:

The government of Vietnam has signed off on funding of VND109 bil (US$4.7 bil) for the first phase of Ho Chi Minh City’s new airport, to be located in nearby Long Thanh province.

The Board of Directors at Copenhagen Airports A/S (KBHL.CO) approved the interim report for the period 1 January – 30 September 2020.

Copenhagen Airport handled 6.7 million passengers in the first nine months of 2020, a decline of 71.3% from the year-earlier period.

Copenhagen Airports A/S generated a loss before tax of DKK 453.6 mil (US$72.33 mil) for the first three quarters of 2020, compared with a profit before tax of DKK 1,065.3 mil (US$170.3 mil) for the same period of 2019

Corporacion America Airports S.A.(CAAP) reported its October 2020 passenger traffic. Total passenger traffic down 80.8% driven by declines in all countries of operations impacted by the COVID-19 pandemic

Fraport AG (FRA.DE) reported that in October 2020, Frankfurt Airport served about 1.1 million passengers, a decrease of 83.4%year-on-year.

GMR Infrastructure (GMRINFRA.NS) said its businesses were on a recovery path, and that the firm was focussing on cash conservation by rescheduling its capex plan to mitigate challenges.It had also extended the Delhi Airport capacity expansion plan to June 2023, instead of the scheduled September 2022.

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR) announced that total passenger traffic for October 2020 decreased 50.1% when compared to October 2019. Passenger traffic decreased 44.9% in Mexico, 41.5% in Puerto Rico and 67.8% in Colombia, impacted by severe downturns in business and leisure travel stemming from the COVID-19 pandemic.

Malaysia Airports Holdings Bhd’s (MAHB.KL) network of airports recorded 2.6 million passengers in October 2020, a 78.1% decrease from 11.74 million reported in the same month of the previous year.

The government of Australia launced a review on Sydney Airport's cap on aircraft movements in response to the Productivity Commission's 2019 report into airport regulation.

Global law firm White & Case LLP has advised Toscana Aeroporti S.p.A.(TYA.MI) on a financing guaranteed by SACE S.p.A. (SACE), a state-owned Italian export credit agency.

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