Sydney Airport makes A$2 Million A Day During GFC

Sydney Airport

Sydney Airport

Travel businesses don't get any better than Sydney Airport which has just revealed it made almost A$2m a day in 2009, the monopoly cash cow posting a 5.6% gross profit of A$690.2 million. Wow! Wonder how airlines feel feel about an increase in aeronautical revenues of 8.2% to A$343m despite "modest traffic declines" in the first half.

I'm guessing that boost would have to result from higher landing and servicing  fees while Sydney Airport 's airline customers are discounting to fill aircraft. Hmmm. Highlight was final quarter passenger growth of  7.3% over 2008. Retail was flat but should bounce soon as the redevelopment of Terminal 1 concludes. Sydney Airport is majority owned by MAp Airports.

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • Google Bookmarks
  • Live
  • NewsVine
  • Reddit
  • StumbleUpon
  • Technorati
  • Tumblr
  • TwitThis

Related posts:

  1. Online Booking Fees: How High Can They Go?
  2. Expedia Cuts Back on Marketing
  3. Internet Leaves QF Holidays Behind
  4. China's Independent Travel Market Takes Off
  5. Tiger Airways Lands In Sydney

Get Adobe Flash player

Get Adobe Flash player