How does that take into account the additional debt they drew down for the increased stake in Sydney Airport during the period? All though it does however appear that there may be some increased costs related to restructuring debt at Birmingham.
Have you also taken into account the reduction in debt that will come via the repayment of credit lines on airport sales? Forgetting about the €900mil+ (not counting the benefit of the movement in the Aus recently)profit they are booking on the sales. I realise that the 900mil has been slated for the buyback but hey.
About 43mil was the increase in costs. You are saying that another 43 would leave them with 0 profit? My estimate is it is still above 200mil??
MAP Price at posting:
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