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 is the head of news and a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.