Sydney Airport has revealed a 12 per cent rise in earnings for the past year.
Sydney Airport has revealed a 12 per cent rise in earnings for the past year.
The latest figures show that its profits increased to AUS$733.3 million – up from AU$690.2 million in 2009.
Russell Balding, the airport’s chief executive, explained that the strong results support the growth in flights to Australia and the overall importance of Sydney as a main transport hub.
He added: “Growth of 12 per cent has been driven by the completion of a significant multi-year investment programme across the business, solid increases across all revenue streams and strong traffic growth.”
Total passenger numbers increased by 7.8 per cent while retail income at the airport rose by 10.5 per cent over the 12 months.
Data also showed a rise in the number of people from China, Korea and Japan taking flights to Sydney, with the number of Chinese arrivals rising from 147,148 in 2004 to 282,641 in 2010.
Sydney Airport has a regular rail link for passengers taking flights to the airport, with trains running every ten minutes and the journey into the centre of Sydney taking 13 minutes.
Written by Ruth Norris.
