Sydney Airport overseas passengers soar 6.3% in May, boosted by US & Asia

Company News

by Jessica Amir

Sydney Airport (ASX:SYD) saw the number of passengers through its Airport grow 2.4 per cent in May, compared to the same month last year (2018), fuelled by US and Asian travellers.

International passengers soared 6.3 per cent to 1.3 million passengers. While domestic passengers grew by 0.3 per cent to 2.2 million passengers.

Sydney Airport’s CEO Geoff Culbert says international passenger strength in May came on the back of bolstered demand, with an increase across most destinations.

The largest overseas passenger growth came from Malaysia (up 15.3 per cent), while US passengers surged 14.5 per cent and Chinese passengers (including Hong Kong) rose 13.6 per cent in May 2019.

Shares Sydney Airport (ASX:SYD) last traded at $7.92.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.