Sydney Airport sees international passengers bounce back this month

Company News

by Katrina Bullock

Sydney Airport (ASX:SYD) has released airport traffic figures for August 2019.

CEO Geoff Culbert says “It was good to see international passengers bounce back this month – they were up 2 per cent on August 2018, and 1.4 per cent year
to date”.

Internationally, the most travelers coming through Sydney Airport are coming from China, followed by New Zealand, then the US.

Passengers from India were up 14.5 percent on August 2018, and 8.1 percent year to date.

The company has identified the Indian market as a strategic growth opportunity with only a single direct service currently catering to a population of more than 1.3 billion.

Shares in Sydney Airport (ASX:SYD) closed 2.3 per cent higher at $8.15.

Katrina Bullock

Finance News Network
Katrina joined FNN in 2018. She holds a Bachelor of Laws (Honours first class), a Bachelor of Business (Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She previously worked as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel for Greenpeace Australia Pacific.