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Sydney Airport revenue up 12.1% in June quarter

23-Jul-2010 12:59 PM

Australia’s Sydney Airport revenue up 12.1% - financial/traffic highlights:

  • Three months ended 30-Jun-2010:
    • Revenue: USD200.2 million, +12.1% year-on-year;
    • Aeronautical: USD82.6 million, +17.5%;
    • Aeronautical security recovery: USD16.3 million, +1.5%;
    • Retail: USD45.7 million, +14.5%;
    • Property and car rental: USD31.3 million, +5.4%;
    • Ground transportation and commercial services: USD23.1 million, +11.0%;
    • Operating costs: USD38.2 million, +8.6%;
    • EBITDA: USD161.0 million, +12.6%;
  • Six months ended 30-Jun-2010:
    • Revenue: USD404.5 million, +11.9%;
    • Aeronautical: USD167.6 million, +17.6%;
    • Aeronautical security recovery: USD32.2 million, +0.1%;
    • Retail: USD91.7 million, +12.2%;
    • Property and car rental: USD64.6 million, +5.4%;
    • Ground transportation and commercial services: USD46.2 million, +11.0%;
    • Operating costs: USD75.2 million, +7.9%;
    • EBITDA: USD328.1 million, +12.9%. [more]
      • *Based on the conversion rate at USD1 = AUD1.11913

MAp:Sydney Airport has again delivered a very strong result, with EBITDA growth of 12.7% for the first half of 2010, outperforming traffic growth of 9.4%. This excellent performance was driven by double digit growth in domestic capacity and materially higher load factors on international routes, enhanced by commercial initiatives such as the enhanced retail offering in the International Terminal redevelopment,” Kerrie Mather, CEO. Source: MAp, 23-Jul-2010.