MAp Traffic Announcement for August 2005 - Release by Macquarie International Infrastructure Fund Limited's Investment in Macquarie Airports

20 September 2005

Macquarie Airports (MAp) today released its monthly report on traffic performance at its airports for August 2005. Traffic performance for Copenhagen Airports is set out in an attachment of this release.

Macquarie Airport's CEO Kerrie Mather said, “ Over August traffic continued to grow across MAp's portfolio of airports.

“Traffic growth at Sydney Airport is coming off a strong base in 2004 when domestic traffic grew 15% in the previous corresponding period. Domestic growth this month was driven by a 9.1% increase in traffic through T2. International traffic is continuing to grow at around 5-6% with Australians travelling overseas from Sydney Airport increasing by 8% during the month, compared with August last year.

“Our European airports continued to grow strongly aside from the impact felt at Brussels from disruptions to intra-EU services caused by industrial action by BA catering staff during August, and at Rome from anticipated industrial action and negative sentiment in the wake of terrorist activity in Egypt. Both UK airports are continuing to handle increasing numbers of international scheduled flights with passengers on these services increasing by over 25% at both Bristol and Birmingham, “ Ms Mather said.

Sydney Airport

*Domestic including regional passengers and are estimated.
Any adjustments to preliminary statistics will be included in the year to date results in future months.

Total traffic at Sydney Airport for August 2005 is estimated to have increased by 2.0% over the pcp. International passengers for August grew 5.5% on the pcp.

In key international markets for August, Australian outbound traffic was up 8% on the pcp (July +8%). New Zealand travellers were down 9% on the pcp (July -6%), continuing to be influenced by strong growth last year. UK travellers were up 7% on the pcp (July +14%).

German travellers were up 22% on the pcp (July +13%). French travellers were up 16% on the pcp (July +19%). US travellers were up 3% on the pcp (July +2%), and Canadian travellers declined 1% on the pcp (July -9%).

In Asian markets, Korea was up 3% on the pcp (July +8%), impacted by Asiana Airlines' pilot strike (July 17 – August 31). China was up 11% on the pcp (July +9%). India was up 45% on the pcp (July +38%) and Japan declined 13% on the pcp (July -3%).

Domestic passengers grew at 0.3% over the pcp with Terminal 2 traffic continuing to perform well, up 9.1% on the pcp.

Brussels Airport

In August 2005, Brussels Airport's traffic was 0.6% above the pcp and chargeable departing passengers 0.7% up on pcp.

Intra-EU scheduled traffic was 5.3% lower than pcp due to a reduction in capacity in the Greek, Italian and Spanish markets and the loss of some traffic due to the strike by British Airways caterers.

Extra-EU scheduled traffic was 7.3% higher than pcp driven by higher load factors and more flights.

Charter traffic (including Military and GA passengers) increased by 5.9% on the pcp. This growth is driven by a strong performance in Extra-EU charter traffic as a result of additional capacity provided by tour operators.

Sun Air started operating a service to Aarhus (Denmark) with 10 frequencies weekly as from 29 August in addition to its flights to Billund. Virgin Express also added a daily service to Berlin Schönefeld from 5 September and intends to increase frequency to two daily from October.

From 31 October, Etihad will fly three flights per week from Brussels to Toronto and three flights per week to Abu Dhabi. This is the first scheduled flight from Brussels to the United Arab Emirates.

Aeroporti di Roma (AdR)

In August 2005, Rome Airport's traffic was 3.1% above the pcp. There was a 3.0% decrease at Fiumicino and a 68.9% increase at Ciampino. The decline at Fiumicino was due to th reatened industrial action and negative market sentiment surrounding the terrorist incident in Egy p t in July .

Domestic traffic was 8.2% lower than pcp, reflecting anticipated industrial action.

Domestic traffic was 8.2% lower than pcp, reflecting the impact of the recent spate of air accidents noted above.

Intra-EU traffic increased by 11.1% on the pcp mainly driven by the expansion of low-fare traffic at Ciampino.

Extra-EU traffic increased by 4.4% on the pcp, a lower performance than recent months due to the cancellation of charter flights to Egypt.

easyJet will add a double daily service to Berlin from 21 September.

From 30 October, Ryanair has announced that it is adding a daily service from Rome Ciampino to Santiago De Compostela and Transavia a daily flight to Rome Fiumicino.

Birmingham Airport

August was a record month for Birmingham Airport with over 1 million passengers using the airport. This was an increase of 8.6% on pcp. On Friday 12 August the airport recorded its busiest day ever, with 38,878 passengers travelling through in 24hrs. The increase reflects new routes and the entry of new airlines including bmibaby and Air India.

In August 2005 domestic traffic was 15.4% higher than pcp. This improvement in performance reflects the introduction of low fare services. The best performing route was Edinburgh, which increased by 15.3%.

International scheduled passengers increased by 27.8% on the pcp with growth achieved on a wide range of short and long-haul services. Passenger numbers increased on EU flights which rose by 26.2%, non-EU flights (+37.8%) with Transatlantic services up 26.7% and flights to Asia up 20.6%. Individual routes performing well include: Larnaca (+149.9%), Milan (+120.7%), Prague (+115.4%), Amsterdam (+26.5%), Copenhagen (+26.3%) and Malta (+13.8%).

Continuing recent trends, charter passengers fell by 12.0% during August. Despite the overall fall in charter traffic, a number of countries did experience growth in passenger numbers from Birmingham including Bulgaria (+121%), Mexico (+38.1%), Turkey (+14.4%), Austria (+13.1%) and Cyprus (+12.8%).

flybe has announced that it will launch a flight to Berne, capital of Switzerland for the winter season in addition to its existing winter flights to Chambery, Geneva and Salzburg. bmibaby will also add services to Geneva increasing from one to six flights weekly for the peak skiing season. Finally, Monarch Airlines has announced an increase in flights to Alicante for the winter season, increasing from 3 to 6 flights per week.

Birmingham Airport now serves 126 destinations across the world.

Bristol Airport

Note: From November 2004, Bristol's results are reported by calendar month.

In August 2005 Bristol Airport traffic was 14.9% higher than in August 2004.

Domestic traffic increased by 11.5% on the pcp due to the opening of the Air Southwest route to Newquay and Leeds Bradford.

International scheduled flights increased by 28.0% on the pcp. Growth continues to be driven by the introduction of new scheduled routes this summer including Mahon, Milan, Murcia, New York (Newark), Pisa and Zurich.

Charter traffic was 3.0% higher than the pcp, continuing performance considerably ahead of the UK market as a whole.

Ryanair has announced a daily service from Bristol to the new destination of Shannon starting on 30 October. Along with Cork and Dublin, Shannon will be the third Irish point served from Bristol and Ryanair's second destination from the airport.

Eastern Airways is to expand its operation at the airport. Air services from Bristol to Aberdeen will increase to three flights each weekday with Eastern Airways from 5 September. In addition, Eastern Airways is launching a new three daily service from Bristol to Durham Tees Valley Airport.

Bristol Airport has been nominated as Best UK Airport in Travel Trade Gazette's annual British Travel Awards 2005

Copenhagen Airport

Statements by Copenhagen Airports concerning August traffic are attached.

Traffic Data

All data is for arriving and departing passengers (000s) 
All data is taken from management accounts, is provisional and subject to revision 
Bristol data is now shown for calendar month in the above table 
*MAT refers to Moving Annual Total 
**Sydney data contains estimates with adjustments made to preliminary data in later months

All data is for arriving and departing passengers (000s) 
All data is taken from management accounts, is provisional and subject to revision 
Bristol data is now shown for calendar month in the above table 
*MAT refers to Moving Annual Total 
**Sydney data contains estimates with adjustments made to preliminary data in later months

• Download Copenhagen Airports August 2005 Traffic Release (pdf 21 KB)

Macquarie Airports Management Limited is not an authorised deposit-taking institution for the purposes of the Banking Act (Commonwealth of Australia) 1959, and Macquarie Airports Management Limited's obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 ("MBL"). MBL provides a limited AUD5 million guarantee to the Australian Securities and Investments Commission in respect of Corporations Act obligations of Macquarie Airports Management Limited as a responsible entity of managed investment schemes. MBL does not otherwise guarantee or provide assurance in respect of the obligations of Macquarie Airports Management Limited, the performance of funds managed by Macquarie Airports Management Limited or the repayment of capital.

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