une 17, 2009
Aeroports de Paris on Tuesday lowered its EBITDA forecast for 2009, citing a larger-than-expected drop in traffic due to the economic crisis.
The airport operator maintained its forecast for slight sales growth in 2009, but said in a statement that EBITDA should come in at the same level as last year. It had previously forecast a slight rise in EBITDA year-on-year.
ADP now expects a drop in traffic of between 4.5 percent and 6.5 percent. It had previously forecast a drop of between 2.5 percent and 4.5 percent.
ADP saw 7.2 million passengers in May, down 6.3 percent compared to a year earlier. Traffic fell 6.6 percent in the first five months of 2009.
(Reuters)
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