Increase April passenger numbers for Sydney Airport

Company News

by Rachael Jones

Sydney Airport (ASX:SYD) has seen an increase in passenger numbers in April compared to the prior corresponding period – increasing 2.6 per cent. International traffic grew 1.8 per cent.

The nationalities with the largest growth in April were Indian, American and South Korean.

Interestingly, international traffic benefited from strong growth in Taiwanese passengers, up 70 per cent for the month and more than 40 per cent year to date.

The strong growth on this market is driven by the increased capacity from China Airlines.

Qantas (ASX:QAN) also announced frequency increases to San Francisco, Manila and Osaka, and reductions on the Beijing and Dallas routes.

Shares in Sydney Airport (ASX:SYD) closed 1 per cent lower yesterday at $6.95

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.