SYDNEY AIRPORT'S FLYING START TO THE YEAR

Written on the 18 March 2016 by Nick Nichols

SYDNEY AIRPORT'S FLYING START TO THE YEAR

SYDNEY Airport (ASX:SYD) has made a flying start to 2016 with passenger numbers hitting close to seven million in the first two months of the year.

The figures are up 8 per cent from a year earlier, driven by double-digit growth in international passenger movements.

The latest figures released by the airport show that 3.29 million passed through Mascot Airport in February, which is up 10 per cent in the past year.

International tourists surged 12.7 per cent, aided by Chinese New Year, while domestic passenger numbers were up 8.5 per cent.

The biggest growth market during February was Korea, up 27.7 per cent, followed by Japan, up 25.7 per cent.

China's inbound numbers were up 19.6 per cent, while the US rose19.1 per cent.

"This strong result was driven by seat capacity growth, earlier Lunar New Year celebrations and the leap year," says Sydney Airport Managing Director and CEO Kerrie Mather.

"The international 12-month rolling performance is now 6.1 per cent and significantly above our historical long-term trend.

"We welcomed nearly 3.3 million passengers in February, continuing the very strong start to 2016.

"Pleasingly the domestic market experienced an exceptional 8.7 per cent seat capacity growth."

Mather says the new Qatar Airways service, which first touched down in Sydney on March 2, will add an extra 245,000 seats per year.

"The service will provide passengers with connectivity to more than 150 destinations via Doha in addition to providing greater air cargo capacity.

"Qatar Airways will provide passengers with more choice on one of the fastest growing airlines and youngest fleets in the world."

 


Author: Nick Nichols

Latest News

FORMER MFS EXECUTIVES HIT WITH DISQUALIFICATIONS AND MASSIVE FINES FOR MISAPPROPRIATING FUNDS

FIVE key players involved in an investment company that collapsed in 2008 owing $2.5 billion have been ordered to ...

SURFSTITCH BATTLING FOR SURVIVAL

QUEENSLAND based online retailer SurfStitch Group has gone into a voluntary trading halt for three months after it wa...

STARTUP SUCCESS BOILS DOWN TO PERSONALITY, SAYS EXPERT

THOSE who own startups will know that there are many essential qualities of a good entrepreneur; their tenacity, fina...

THE AMBITIOUS PLAN TO TURN A COLLAPSED FRANCHISE INTO AN EXPANDING BUSINESS

AUSTRALIA'S newest master franchise is set to launch in October as a commercial cleaning operation, resurrecte...

Related News

STARTUP SUCCESS BOILS DOWN TO PERSONALITY, SAYS EXPERT

THOSE who own startups will know that there are many essential qualities of a good entrepreneur; their tenacity, fina...

SLATER AND GORDON TAKES SPOTLESS TO COURT

SPOTLESS Group (ASX: SPO) has been hit by a class action launched by Slater and Gordon (ASX: SGH) in the Federal C...

TOPSHOP GOES INTO ADMINISTRATION AMID VOLATILE RETAIL MARKET

TOPSHOP has become the latest in a string of retailers blasted by the volatile retail market, as the iconic fashio...

SIGMA'S SHARE PRICE TAKES A BATTERING AS IT LAUNCHES LEGAL ACTION OVER SUPPLY DEAL

SIGMA Healthcare (ASX: SIG) has taken the MyChemist and Chemist Warehouse chains to court to demand they continue to ...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter