Sydney Airport reports growth in passenger numbers

Company News

by Kathy Skantzos

Sydney Airport (ASX:SYD) has reported a 7.1 per cent growth in international passengers compared to the prior corresponding period (pcp).

The growth is driven by a 6 per cent increase in seat capacity from new and existing airlines.

Growth was seen mostly in Asia, with passenger growth up 85 per cent to Vietnam, an increase of 32 per cent to China and 21 per cent growth to South Korea.

Domestic passenger numbers declined by 0.8 per cent for the month, which Sydney Airport says is mainly due to adverse weather.

Over the past 12 months, Sydney Airport has seen nearly 43 million passengers, and by the end of the third quarter, passenger numbers are heading towards 32 million before the busy Christmas period.

Shares in Sydney Airport (ASX:SYD) last traded flat at $7.22.
  

Kathy Skantzos

Finance News Network
Kathy presents the Market Outlook and ASX company news. She joined FNN in September 2017. She has been in print and online journalism for over 9 years. She also worked in corporate communications.