Airport owner Map Group, formerly Macquarie Airports,
(ASX:MAP) says Sydney Airport has reported a 3.5 per cent increase in earnings before interest, tax, depreciation and amortization to $496.4 million for the nine months to September 30.
For the third quarter the airport recorded earnings before interest, tax, depreciation and amortization of $171 million compared to $160 million for the third quarter of 2008.
Revenue for the nine months to September 30 rose 2.8 per cent to $616.5 million up from $599.8 million in the same period last year.
CEO Kerrie Mather says Sydney Airport continues to prove its resilience, with the third quarter demonstrating a significant recovery with traffic growth of 0.9 per cent for the three months to September, the first quarter of growth since the third quarter of 2008.
Sydney Airports CEO Russell Balding says during the quarter passenger numbers returned to growth and Sydney Airport was voted one of the top ten airports in the world by readers of the UK Conde Nast Traveler magazine.
Map Group recorded net profit of $2.07 billion in 2008.
