Sydney Airport's positive 1Q07

Premium Analysis

Southern Cross Airports Corporation Holdings Ltd (SACL), operator

of Sydney Airport, reported another strong 12.9% rise in EBITDA in the three

months ended 31-Mar-07. The positive result was driven by a 9.9% rise in revenue

and a 1.6% reduction in operating costs. Revenue was backed by a 7.9% rise in

passenger numbers, boosted by new services from Jetstar International and Etihad

Airways and also strong domestic performances from Jetstar and Virgin Blue.

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