MAp airports post positive results for retail

Nicole Mezzasalma

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The fall in passenger numbers in the first quarter of 2009 has affected the overall performance of the company’s core airports

Macquarie Airports’ (MAp) core portfolio has felt the impact of the economic crisis in the first quarter of 2009. Overall revenue at Copenhagen Kastrup, Bristol International and Brussels airports has fallen in the first three months of the year compared with the previous corresponding year, while Sydney International airport registered a 1.9% growth in revenues.

MAp said that the retail performance at Sydney has been solid, “with revenues flat against lower passenger volumes”. Spend per passenger was up 4% compared with the first quarter of 2008. At Kastrup, retail revenue rose 9.9% compared with the same period last year despite a decline in passenger traffic due to “the investment in enhanced passenger facilitation and increased choice”.

Brussels airport registered a fall of 0.7% in non-aeronautical revenues in Q1 2009, but retail revenue per passenger is up by about 17% as a result of the expansion of the shopping offering at the location. Finally, Bristol airport posted a 15.8% fall in non-aeronautical revenue but registered a 7.8% increase in retail and catering revenues per passenger due to “the new terminal layout and successful sales promotions”.