Australian Infrastructure Fund Ltd (ASX:AIX) has reported 9.1 per cent growth in passenger numbers across its airports in July, compared to the same time last year.
The infrastructure fund's Australian airports account for over 80 per cent of its portfolio by value.
APAC, including Melbourne and Launceston Airports, and Queensland Airports, including Gold Coast, Townsville and Mount Isa Airports, where the standout performers, recording an increase of 13 per cent and 12.4 per cent respectively, for the month.
CEO Jeff Pollock expects ongoing passenger growth in Australia to continue, as well as the revenue generated.
Mr Pollock ads that the hardship in Greece had a negative impact on passenger numbers at Athens Airport, while strong growth in German airports was encouraging.
Australian Infrastructure Fund posted a profit of $191.25 million for the year to 30 June 2010.
FGX Price at posting:
$1.92 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)