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Sydney domestic traffic doubled when borders opened

written by Adam Thorn | August 14, 2020
A November 2016 file image of Virgin Australia Boeing 737-800 VH-VUI at Sydney Airport. (Seth Jaworski)
A November 2016 file image of Virgin Australia Boeing 737-800 VH-VUI at Sydney Airport. (Seth Jaworski)

Sydney Airport’s domestic passenger traffic almost doubled in July, due to a brief window when there was unrestricted travel between NSW, Victoria and Queensland.

The business said in a statement to the ASX that the increase from 140,000 in June to 276,000 in July proved there was a “pent up demand” for interstate travel.

Queensland opened up to NSW on 10 July but closed to Sydney on 1 August and then to all of NSW and the ACT just a week later. The NSW-Victoria border shut for the first time on 6 July.

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The business said in a statement to the ASX that total passenger traffic, including international, was 317,000 for the month of July, which still equates to a drop of 92 per cent on the same month last year.

The news comes days after Australian Aviation reported that Sydney Airport is planning to ask shareholders to tip in $2 billion through equity raising in a bid to reduce its $9 billion debt and increase its liquidity.

The business said the “further decisive action” will help it “meet the challenges presented by an uncertain COVID-19 operating environment”. The announcement led to a trading halt on the ASX on Tuesday morning.

Sydney Airport also revealed a half-year loss of $54 million – with passenger numbers down 96.6 per cent in the second half of 2020.

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The facility is already using the shortest of its three runways to store grounded aircraft – the east-way runway has doubled its capacity to accommodate 50 planes.

Chief executive Geoff Culbert said, “Six months into the pandemic, there remains uncertainty as to how long it will take for aviation markets to return to pre-COVID-19 levels.”

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

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Sydney domestic traffic doubled when borders opened

written by Adam Thorn | August 14, 2020
A November 2016 file image of Virgin Australia Boeing 737-800 VH-VUI at Sydney Airport. (Seth Jaworski)
A November 2016 file image of Virgin Australia Boeing 737-800 VH-VUI at Sydney Airport. (Seth Jaworski)

Sydney Airport’s domestic passenger traffic almost doubled in July, due to a brief window when there was unrestricted travel between NSW, Victoria and Queensland.

The business said in a statement to the ASX that the increase from 140,000 in June to 276,000 in July proved there was a “pent up demand” for interstate travel.

Queensland opened up to NSW on 10 July but closed to Sydney on 1 August and then to all of NSW and the ACT just a week later. The NSW-Victoria border shut for the first time on 6 July.

Advertisement
Advertisement

The business said in a statement to the ASX that total passenger traffic, including international, was 317,000 for the month of July, which still equates to a drop of 92 per cent on the same month last year.

The news comes days after Australian Aviation reported that Sydney Airport is planning to ask shareholders to tip in $2 billion through equity raising in a bid to reduce its $9 billion debt and increase its liquidity.

The business said the “further decisive action” will help it “meet the challenges presented by an uncertain COVID-19 operating environment”. The announcement led to a trading halt on the ASX on Tuesday morning.

Sydney Airport also revealed a half-year loss of $54 million – with passenger numbers down 96.6 per cent in the second half of 2020.

PROMOTED CONTENT

The facility is already using the shortest of its three runways to store grounded aircraft – the east-way runway has doubled its capacity to accommodate 50 planes.

Chief executive Geoff Culbert said, “Six months into the pandemic, there remains uncertainty as to how long it will take for aviation markets to return to pre-COVID-19 levels.”

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sydney domestic traffic doubled when borders opened

written by Adam Thorn | August 14, 2020
A November 2016 file image of Virgin Australia Boeing 737-800 VH-VUI at Sydney Airport. (Seth Jaworski)
A November 2016 file image of Virgin Australia Boeing 737-800 VH-VUI at Sydney Airport. (Seth Jaworski)

Sydney Airport’s domestic passenger traffic almost doubled in July, due to a brief window when there was unrestricted travel between NSW, Victoria and Queensland.

The business said in a statement to the ASX that the increase from 140,000 in June to 276,000 in July proved there was a “pent up demand” for interstate travel.

Queensland opened up to NSW on 10 July but closed to Sydney on 1 August and then to all of NSW and the ACT just a week later. The NSW-Victoria border shut for the first time on 6 July.

Advertisement
Advertisement

The business said in a statement to the ASX that total passenger traffic, including international, was 317,000 for the month of July, which still equates to a drop of 92 per cent on the same month last year.

The news comes days after Australian Aviation reported that Sydney Airport is planning to ask shareholders to tip in $2 billion through equity raising in a bid to reduce its $9 billion debt and increase its liquidity.

The business said the “further decisive action” will help it “meet the challenges presented by an uncertain COVID-19 operating environment”. The announcement led to a trading halt on the ASX on Tuesday morning.

Sydney Airport also revealed a half-year loss of $54 million – with passenger numbers down 96.6 per cent in the second half of 2020.

PROMOTED CONTENT

The facility is already using the shortest of its three runways to store grounded aircraft – the east-way runway has doubled its capacity to accommodate 50 planes.

Chief executive Geoff Culbert said, “Six months into the pandemic, there remains uncertainty as to how long it will take for aviation markets to return to pre-COVID-19 levels.”

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

Leave a Comment

Your email address will not be published. Required fields are marked *

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