Sydney Airport reports international traffic growth

Company News

by Jessica Amir

Sydney Airport Limited (ASX:SYD) has reported combined monthly traffic growth of 4.7% compared to the prior corresponding period.

Domestic monthly traffic performance increased by 0.7%, while international growth increased by 12.1%

A contributing factor was Saudi airline, Etihad up gauging its second daily service to the A380, adding 123,000 seats annually to the Abu Dhabi-Sydney route.

China Airlines will also be doubling their Taiwanese capacity to Sydney from December 2017, adding about 280,000 seats.

Shares in Sydney Airport Limited (ASX:SYD) are trading 0.14% lower to $7.33.
 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She was a journalist 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 as a financial planner and real estate agent.