Aeroports de Paris says revenue advanced

14th May 2007, Comments 0 comments

PARIS (AP) - Aeroports de Paris, the owner and operator of the French capital's Charles de Gaulle and Orly hubs, said Monday that first-quarter revenue rose 8.3 percent as passengers spent more money at the airports.

PARIS (AP) - Aeroports de Paris, the owner and operator of the French capital's Charles de Gaulle and Orly hubs, said Monday that first-quarter revenue rose 8.3 percent as passengers spent more money at the airports.

Total revenue for the three months through March 31 rose to Euro 515.2 million (US$697.1 million) from Euro 475.6 million in the same period a year earlier, the company said in a statement. That rate is faster than passenger growth, which climbed at a rate of 6.7 percent to 19.2 million people during the quarter.

"The strong growth in our turnover in the first quarter of 2007 shows the group's capacity to capture traffic growth and also to develop its other activities, in particular its real estate activities and its subsidiaries," Chief Executive Pierre Graff said.

Aeroports de Paris shares dipped 0.5 percent to Euro 76.5 (US$10.35).

Copyright AP

Subject: French news

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