Business
Sydney Airport shares COVID-19 pain the right way – The Australian Financial Review
Shareholders, tenants and staff will need to take their portion of the bitter medicine required to get through the aviation industry’s recovery.
An airport that moved more than 44 million people to over 90 destinations in 2019 saw passenger numbers plunge 56.6 per cent to 9.4 million in the six months ended June 30 versus the first half of calendar 2019.
Only 400,000 passengers came through the airport in the June quarter, amid what Culbert described on Tuesday as the most stringent restrictions on movement since World War II.
This outlook leaves Sydney Airport little choice but to enter an even deeper form of hibernation than it fores…
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