Business
Why the holidays are looking up for Sydney Airport (ASX:SYD) shares
The Sydney Airport Holdings Pty Ltd (ASX: SYD) share price action this year provides a concise snapshot of the damage inflicted by the global pandemic.
After gaining more than 38% in 2019, things took a sharp turn for the worse in February this year. That’s when investors began to cotton on to the fact that the kind of lockdowns China had instituted to control the coronavirus in Wuhan could spread across the globe.
As indeed, they did.
With the prospect of international and domestic air travel grinding to a halt, the Sydney Airport share price crashed more than 45% from 4 January through to 19 March. Since that low, shares have rebounded by 48%. Still, Sydney Airport shares remain down nearly 20% year to date.
But with domestic…
-
Noosa News22 hours agoThis 42-Kilometre Walking Trail on the NSW North Coast Weaves Through Ancient Rainforest, Volcanic Mountains and Spectacular Waterfalls
-
General24 hours agoParents of Heidi, 3, remember ‘beautiful’ daughter killed in Ocean Grove crash
-
Noosa News23 hours agoGabby Petito died after experiencing domestic violence. Young Aussies are identifying with her story
-
General24 hours agoNo ‘band-aid solution’: sweating coal risky business