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’BAA’s Whitemare before Christmas
Some Monday morning hubris, courtesy of London Heathrow-operator BAA.
Heathrow’s army of snow ploughs stretch their wings as snow bites
29 November 2010
The cold snap may have only just bitten but Heathrow’s snow team has been working for months to ensure the UK’s hub airport will once again be prepared for the onset of winter.
Korea’s NPS and the ‘overlap’ factor
One thing we know about the South Koreans — they have reversed course in recent years to become big spenders and poor savers. They have also become much bolder investors, after decades of adhering to a more cautious approach.
Rescanning Smiths Group (updated)
On Monday we reflected on the recent performance of Smiths Group, the world leader in airport security and inspection.
Since the failed terrorist attack on a US-bound airplane over Christmas its shares have risen almost 10 per cent as investors have focused on the possibility of full body screening being introduced at airports globally.
Scanning Smiths Group
The elusive head and shoulders pattern emerges in Smiths Group — makers of X-ray body scanners — on Monday morning, after airport-operator BAA says it will introduce the equipment at Heathrow.
Evolution of an airport price
Watch that asset price drop!
BAA has (finally) agreed the sale of London Gatwick. The airport goes to Global Infrastructure Partners, the owners of London City, for £1.51bn.
It’s a decent price for GIP considering that Gatwick’s regulatory asset base (RAB),
A- BBB BAA
Airport operator BAA managed to post an interim pre-tax loss of £545.7m last week.
That widened loss, in fact, is despite the debt-ridden airport operator growing its Regulatory Asset Base by 3.1 per cent in the period.
Airline cycles, redux
We think this is proof that the vast majority of long-term airline investors are stupid irrational.
That’s from Goldman Sachs, who on Monday issued a note on European airports and airlines.
The thrust of the research is that though passenger traffic appears to be stabilising,
RABid BAA
BAA, owner of London’s Heathrow airport, has just released its first-quarter results. They are not pretty.
The debt-laden airport-operator, currently under regulatory orders to dispose of its two other London airports,
A suspension of space for airlines
A sign of the times for airlines:
March 10 (Bloomberg) — European Union regulators proposed to suspend an obligation on airlines to use their airport slots at least 80 percent of the time to avoid losing them,