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Solid results for Sydney Airport operator but questions remain over future infrastructure

Premium Analysis

Australia's Southern Cross Airport Holdings Ltd (SCAHL), operator of Sydney Airport, has reported resilience to a difficult external environment and solid across-the-board gains in the 12 months to 31-Dec-08, but the owners appear reluctant to commit to the future infrastructure requirement that airlines like Qantas regard as necessary. Meanwhile, Tiger Airways is again talking to the airport about entering the market.

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