BAA figures down

BAA LTD, owned by Ferrovial, had a poor June with passenger numbers down by 5.9% to 12.7m.  Heathrow suffered, although not as bad as Frankfurt and Paris, with a drop of 3.1% (5.7m), Stansted dropped 11.5% (1.8m).  From Scotland there was both good and bad news.  Edinburgh bucked the trend with 1.4% growth for the month although it is 1.9% down for the year.  The biggest losers are Aberdeen and Glasgow with sharp falls of 9.8% and 10.9% respectively.  Edinburgh now handles ten times the cargo tonnage of Glasgow.  In general freight continues to suffer although the pace of fall was slowing.  The year-on-year decline was 22% in April, but the drop was only at 6.3% in June. www.baa.com

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