Business
Sydney Airport to raise $2b to slash debt after reporting loss – The Australian Financial Review
The airport is planning the raising as part of a restructuring that could result in further job losses after the prolonged lockdowns from the COVID-19 pandemic.
But the worsening pandemic has pushed out expectations of a revival in international travel for several years, while the Melbourne lockdown and ongoing state border closures have reversed the small rebound in domestic aviation that occurred in June-July.
Sydney Airport’s domestic passenger numbers have slumped 95 per cent in August to date compared with a year earlier, deepening the 88 per cent decline that occurred in July.
Analysts at RBC Capital Markets warned in late June that the airport …
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