MENU

Chinese New Year propels Sydney Airport sales

Sydney Airport‘s (ASX: SYD) February numbers are taking off. The company announced (link opens in PDF) today that February passenger traffic increased 2.2% year-over-year, and an estimated 5.9% accounting for leap year effects.

Inbound international traffic recorded some of the largest gains, up 7.7%. Chinese New Year helped boost Asia traffic, with significant increases from Malaysia (+69%), Hong Kong (+64%), and China (+52%).

CEO Kerrie Mather took special note of China, stating that “Mainland Chinese seat capacity for the month was extremely strong, increasing 22% on the pcp [previous corresponding period]. Overall it is pleasing to see Chinese passengers up 52% for the month and 18% year to date.” Total passenger traffic for 2013 clocked in at 6.1 million, a 3.0% increase over 2012’s numbers.

In less-than-pleasant news, February passenger traffic slowed significantly for Korea (-24%), France (-9%), the United Kingdom (-6%), and New Zealand (-3%).

Looking ahead, the company expects further increases in traffic from Emirates’ A380 upgauge service to Dubai, as well as three additional weekly Hawaiian Airlines’ flights to Honolulu.

The Australian Financial Review says “good quality Australian shares that have a long history of paying dividends are a real alternative to a term deposit.” Get “3 Stocks for the Great Dividend Boom” in our special FREE report. Click here now to find out the names, stock symbols, and full research for our three favourite income ideas, all completely free!

More reading

The Motley Fool’s purpose is to help the world invest, better.  Click here now  for your free subscription to Take Stock, The Motley Fool’s free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead.  This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. Motley Fool contributor Justin Loiseau has no position in any stocks mentioned in this article. You can follow him on Twitter @TMFJLo .

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!