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Airports

Sydney traffic growth spurs investment

16 February 2017

Passenger traffic growth of 5.6% helped Sydney Airport post higher revenues and net profits for 2016.

Benefiting from the first full year of operations at Terminal 3, the Australian hub saw an 8.9% year-on-year increase in international passenger volume, while domestic demand rose by 3.8%.

Overall revenue growth of 11% was driven by higher international passenger numbers and strong non-aeronautical performance, including the addition of Heinemann stores and higher usage of airport car parks.

Capital expenditure of AUD385 million in 2016 will be followed by AUD1.3 billion in the period 2017-21, with an estimated AUD450 million set aside for 2017.

To contact the author of this article, email Ben.Vogel@ihs.com


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