Macquarie Airports made the report that they have an earnings growth in the double-digits at their airports in Bristol and Copenhagen while the price of oil dropped overnight, causing their securities to increase by 7%. The outlook of Macquarie Airports’ earnings during the 2nd half of the year is less certain. They said that they realize that the higher price of fuel leading to cuts in flights and increases in airfares will affect the number of passengers traveling. Their earnings for the 2nd quarter prior to amortization, depreciation, tax and interest at the airport in Copenhagen increased by 16.1% to 107.1 million dollars. At the airport in Bristol, the amortization during the 2nd quarter increased by 12.9% to 22.2 million dollars. The numbers were reported just a few days after Macquarie Airports unveiled that the amortization for the 2nd quarter was at its largest holding. Sydney Airport’s earnings also increased by 12.5%, as well as Brussels by 8.5%.

Macquarie Airports, which is part of the Macquarie Group, said that the Copenhagen passengers have taken to the improvements in their security checkpoint system, as well as changes associated with their duty-free stores. The concessional revenue of the fund increased by 11.7% during the 1st half. Last month, Qantas Airways announced that they will be cutting 1500 jobs, as well as grounding 22 of their aircrafts. Many weeks before the announcement from Qantas, Macquarie Airports stated that the impact on their airports from the capacity reductions of airlines to present were anticipated to be minimal. The stapled securities of Macquarie Airport increased by 19 cents to 2.97 dollars in comparison to the more than 4.50 dollars of last year.

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