Airport owner Macquarie Airports
(ASX:MAP) says traffic across its portfolio of airports continued to demonstrate the improving trend of recent months in August.
Sydney Airport recorded modest growth with a 1.6 per cent increase in domestic passenger numbers for the month, and a 1.4 per cent rise in international travellers flying.
CEO Kerrie Mather says the company is seeing strong growth on major routes where capacity additions have been occurring such as the Trans-Pacific and Middle East routes.
Ms Mather says across its European airports the declines in origin and destination traffic are now in the 3 - 4 per cent range, a significant improvement over the performance experienced earlier in the year.
Macquarie recently sold its 35.5 per cent stake in Bristol Airport to Ontario Teachers Pension Plan.
Macquarie is asking shareholders to approve a proposal to acquire the management rights of the company from Macquarie Group for $345 million.
Macquarie Airports 2008 net profit was $2 billion.
