Sydney Airport Limited: International passengers rise

Company News

by Jessica Amir

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
 

Jessica Amir

Finance News Network
Jessica presents the Market Outlook on Monday and Friday. She joined FNN in January 2017. She has been in broadcast journalism for over five years. She has worked as journalist with Sky News Business, ABC 1 and ABC24. She has also worked in regional Australia for Prime 7 and WIN News. She is also a qualified financial planner and a Masters of Applied Finance student.