Sydney Airport CEO Geoff Culbert said, “Passenger numbers have strengthened at Sydney Airport increasing 2.6% in the month of April over the prior corresponding period (pcp). International traffic grew 1.8% in April, with increased capacity of 6.5% being offset by lower load factors. Load factors were impacted by the earlier Easter holiday period for 2018 compared to 2017, resulting in a very strong comparative period.
“The nationalities with the largest growth in April were Indian (+18.0%), USA (+9.9%); and South Korean (+8.1%). Interestingly, international traffic benefited from strong growth in Taiwanese passengers, up 70% for the month and more than 40% year to date (not captured in the top 10 table below). The strong growth on this market is driven by the increased capacity from China Airlines.
“Domestic growth was a robust 3.1% for April compared to the pcp, driven by a 0.6 percentage point improvement in load factors and a 2.3% increase in capacity.”
- Qantas announced the year round upgauge of its daily B747 Hong Kong service to an A380 from March 2019 representing 120 more seats per movement. This upgauge will deliver approximately 60,000 incremental annual seats on the Hong Kong route
- Qantas also announced frequency increases to San Francisco, Manila and Osaka, and reductions on the Beijing and Dallas routes. In addition, Qantas will upgauge its Honolulu A330 service to a B747 and Los Angeles service to A380 operations. These combined changes will deliver 39,000 annual seats to Sydney
- Singapore Airlines’ recently commenced its fifth daily service from Singapore to Sydney. The new late evening departure to Singapore with a short stop in Canberra provides an overnight option for travellers to arrive in Singapore in the early morning and transfer to a strong bank of connecting services. Overall, the addition is expected to deliver an incremental 79,000 seats per year, all of which are in the off-peak period
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.