Sydney Airport has welcomed a four percent increase in earnings before interest, tax, depreciation and amortisation (EBITDA) for the first six months ending 30 June 2011.
The $381.8 million in earnings was lead by the 1.9 percent increase in traffic growth for the period, despite natural disasters disrupting the first and second quarters of the year.
Sydney Airport chief executive Kerrie Mather said the outstanding performance for the first six months was recognised by the Air Transport Research Society, which named Sydney Airport the most efficient airport in the Oceania region as part of a global airport performance benchmarking and excellence awards.
“I am delighted to have commenced in my new role as managing director and chief executive officer of Sydney Airport. I look forward to working with our valued airline partners to deliver the products and services they need to serve their passengers and ensure Sydney Airport continues to be Australia’s premier gateway,” Ms Mather added.
The total revenue from all areas of the business increased by 4.4 per cent over the previous corresponding period (pcp) to A$472.4million, this was assisted by the domestic capacity additions by Jetstar, the commencement of wide-body A330-200 services to Perth by Virgin Australia, and the upgrade of six weekly services to Perth with B747-400 aircraft by Qanats.
(Source: eTravelblackboard, 21st July 2011)
