Sydney Airport (ASX: SYD) is into the airport operations providing a world-class experience to the people. It falls under the industrial sector and connects more than 90 destinations around the world. The group adds ~$30.8 billion to the national economy a year. It has three terminals.
Today, the group has provided an update over the airport traffic performance for December 2018. It reported a total of 3,928 K people who travelled domestically as well as internationally. There was a fall of 4K, or 0.1% passengers as compared to the December 2017 record of 3,932K passengers. But there was a growth of 192K passengers from the November 2018 record of 3,736K people. It reported 44,389k passengers travelled in the calendar year 2018 which was 2.5% or 1,064K passengers more than the December 2017 record of 43,325K passengers.
Domestically, the airport reported about 2,318K people travelled in December 2018 which was 60K or 2.6% less than the December 2017 record of 2,378K people. During November 2018, it reported 2,384 K people travelled domestically. It reported 27,673K passengers travelled domestically in the calendar year 2018 which was 1.2% or 320K passengers more than the December 2017 record of 27,353K passengers. Because of storms and other adverse weather activities, there were many cancellations which had an adverse impact on the domestic passenger movements for December 2018.
Internationally, the airport reported about 1,611K people travelled in December 2018 which was 58K or 3.7% more than the December 2017 record of 1,553K people. There was a growth of 259K passengers from the November 2018 record of 1,352K people as well. It reported 16,716 K passengers traveled internally in the calendar year 2018 which was 4.7% or 744K passengers more than the December 2017 record of 15,972K passengers.
The growth was underpinned by the increase in international capacity along increased load factors on stable capacity in the domestic sector.
The airport reported October to be the busiest month of 2018 with a total of 3.914 million passengers traveling through the airport of which 2.484 million passengers traveled domestically and 1.430 million passengers internationally.
Sydney’s fastest growing foreign nationalities in December align with the full year growth trends with American (13.1% in Dec and 9.4% in 2018), Japanese (10.7% in Dec and 7.4% in 2018), and Indian (9.8% in Dec and 13.8% in 2018) visitors, consistently strong throughout the year.
China Eastern Airlines has upgraded its A330-200 aircraft with A350-900 aircraft with 288 seating capacity. It operates on the Shanghai-Sydney route and will be effective from 1 April 2019 adding ~41,000 seats annually to the route.
Looking at Sydney Airport’s stock performance and the return it has posted over the last few months, the stock has generated a negative return of 7.04% during the past six months. It closed the day’s session at A$6.20 with a plunge of 2.73%. The company has ~2.26 billion shares outstanding with the market cap of circa A$14.88 billion. Its 52-week high and low are marked at $7.620 and $6.240 respectively.
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