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 is a senior finance journalist and presents the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.