Sydney Airport Provides Traffic Performance for March 2018

Sydney Airport CEO Geoff Culbert said, “Sydney Airport experienced exceptional international passenger traffic growth of 11.1% during the March holiday period. This was contributed to in part by an earlier Easter holiday period for 2018 compared to 2017. During this period, we had capacity growth of 7.5% (more than 120,000 additional seats) and a 2.3 percentage point increase in average load factors above the prior corresponding period (pcp).

“The nationalities which had the greatest contribution to our international performance over the March holiday season were Indian (+28.2%), Chinese (+19.9%), South Korean (+15.2%) and the USA (+14.3%). This is a pleasing performance from some of our largest markets and is a direct result of increasing seat capacity.

“Domestic growth was a robust 3.5% for March compared to the pcp, driven by a 1.4 percentage point improvement in load factors and a 1.7% increase in capacity.

“We were delighted that during the month, Skytrax named Sydney Airport as the top airport in the Australia/Pacific region by customers participating in one of the largest global customer satisfaction surveys. The Skytrax World Airport Awards assess customer service and facilities across 550 airports and are based on more than 13.7 million survey questionnaires completed by travellers of more than 100 nationalities. This level of global recognition is testimony to the work the team has undertaken to improve the customer experience at Sydney Airport.”


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s