Why the Transurban (ASX:TCL) share price is sliding today

Transurban Group (ASX: TCL) shares are sliding today following the release of the company’s half-year results for FY2021 (H1 FY21). In early trade, the Transurban share price is down 1.65% to $13.14.

Let’s take a look at what’s impacting the toll road giant’s shares.

Why is the Transurban share price in negative territory?

The Transurban share price is sinking this morning after the company announced significant losses across all key metrics.

According to its release, Transurban delivered an expected weak performance as COVID-19 heavily impacted traffic levels.

For the period ending 31 December, the company reported total revenue of $1,423 million. This reflected a 21.9% decrease on the prior corresponding period (pcp)…