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 presents the Market Outlook and company news. She joined FNN in January 2017. She has been in broadcast journalism for over five years. She has worked as a 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.