Macquarie still seeking new privatisation targets as profits remain strong
Macquarie Airports (MAp) continues to show strong profits as its airports performed well throughout 2007. Sydney Airport, in particular, generated a 10.5% increase in revenue, well above the 6.4% traffic growth for the year. International and domestic traffic grew at 6.0% and 6.7% respectively, illustrating the very strong contribution of international traffic to the airport's bottom line. On an "underlying basis", EBITDA increased 10.4% to AUD604.4 million. Only a steep rise in costs, largely due to one-off staff expenses, prevented even stronger results.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.