Sydney Airport Limited (ASX:SYD) has announced stronger passenger numbers on a yearly basis.
International passenger numbers rose on a monthly and year-to-date basis, compared to the prior corresponding period, despite the Chinese New Year timing difference and the leap year effect.
Internationally capacity remains strong with an extra 220,000 seats on a yearly basis, while airlines continue to upgauge aircraft with the likes of Cathay Pacific announcing a third daily Boeing service from October.
When it comes to domestic travel, Sydney Airport saw a fall in passenger numbers on a monthly and year-to-date basis, compared to the prior corresponding period.
Shares in Sydney Airport Limited (ASX:SYD) are currently trading 0.16% lower at $6.37