BAA adjusts FY2012 profit outlook
UK airports operator BAA announced it expects earnings at its London airports at Heathrow and Stansted in FY2012 will be marginally higher than originally forecast. EBITDA is expected to be GBP4 million higher than forecast due to higher per passenger spending, despite a projected reduction in passenger numbers at the airports. Shares in BAA owner, Ferrovial were up 0.8%.
