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Kingsford-Smith sees revenue, passenger growth

written by australianaviation.com.au | August 27, 2012
Sydney Airport has reported revenue and passenger growth. (Sydney Airport)

Sydney Airport has reported revenue and passenger growth over the first half of 2012 thanks to a trickle of new international services.

Revenue for the six months ending in June rose 6.6 per cent to $503.6 million while passenger traffic ticked up 1.6 per cent to 17.7 million, the airport said. Sydney Airport Ltd, which owns 85 per cent of the airport, reported profits of $88.6 million for the half-year, up from a $273.5 million loss in the first half of 2011.

The first six months of 2012 saw AirAsia X commence daily flights from Kuala Lumpur and budget carrier Scoot begin flights from Singapore. While domestic growth continued to lag, airport CEO Kerrie Mather said Tiger Airways’ establishment of a Sydney base and expected capacity increases from Qantas and Virgin Australia would drive numbers higher in the second half of the year.

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Revenues from parking and ground transport fees rose 8 per cent to $56.4 million, the airport said.

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