Sydney Airport revenue up 11.7%, EBITDA jump 13% in 1Q2010

Australia's Sydney Airport revenue up 11.7% - financial/traffic highlights for the three months ended 31-Mar-2010:

• Revenue: USD211.6 million, +11.7% year-on-year;
  • Aeronautical: USD88.1 million, +17.8%;
  • Aeronautical security recovery: USD16.5 million, -1.4%;
  • Retail: USD47.6 million, +10.0%;
  • Property and car rental: USD34.5 million, +7.7%;
  • Ground transport and commercial services: USD23.9 million, +11.0%;
  • Other: USD1.1 million, +1.3%;
• Operating costs: USD38.3 million, +7.3%;
• EBITDA: USD173.2 million, +13.1%;
• Revenue per passenger: USD24.21, +2.1%. [more]

*Based on the conversion rate at USD1 = AUD1.08

MAp: "Sydney Airport's performance for the first quarter was excellent with EBITDA growth of 13.0% outperforming traffic growth of 9.4%. The result was driven by the strong rebound in traffic. Particularly pleasing was international traffic, up 11.8% on the pcp, reflecting the increase in demand from both leisure and business passengers," Kerrie Mather, CEO. Source: MAp, 23-Apr-2010.