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.
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:
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
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.
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