Sydney Airport (ASX: SYD) – Traffic growth on the international front

Sydney Airport (ASX: SYD), an industrial sector stock updated the market on traffic performance. In terms of number of persons, monthly performance number remained same from June 2017 to June 2018 at 2,130 for the domestic market. While there was a change of 2.1% in the YTD performance with YTD 17 number at 13,212 to YTD 18 number at 13,496 on the domestic front. Whereas on the international front there was an increase of around 5% on both monthly and YTD performance numbers. The monthly performance number saw a change from 1,230 in June 2017 to 1,291 in June 2018 and YTD performance saw a change from 7,746 in YTD-17 to 8,146 in YTD-18.

Virgin Australia commenced daily Sydney-Hong Kong operations and the route is served by Virgin’s new A330 product and provides 200,000 incremental annual seats. Qantas announced additional capacity to Jakarta, Singapore and Noumea from December 2018. An incremental 116,000 annual seats are expected to be delivered with the combined changes.

Sydney Airport traded at a market price of $7.185 with a daily price change of $0.065 and a percentage change or a rise of 0.913% as at July 20, 2018, before market close. Over the past one year, the stock has seen a performance change of 3.49%.


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