Business
First Virgin, then Qantas: Sydney Airport has nowhere to hide from COVID-19 – Sydney Morning Herald
In less than six months it has moved from being one of the most reliable providers of dividends, to a company with some of the most uncertain prospects.
The consequences of the Victorian lockdown are more significant than the closing of state borders. It is a reminder that COVID-19 spot fires can ignite weeks or months after the catastrophe appears under control.
Sydney Airport is not alone. Qantas has also been hit by the second wave of COVID-19, while Virgin drowned during the first.
Coming into the first wave of COVID, Sydney Airport took plenty of measures to lock in additional liquidity.
After fortifying its balance sheet it thought it h…
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