Rising demand for air travel good news for Sydney Airport Holdings Pty Ltd investors

The Australian today reported a global increase in demand for air travel, with passenger numbers on home soil up 130% over the past two decades.

It’s the type of news companies like Sydney Airport Holdings Pty Ltd (ASX: SYD) have been waiting for after a volatile 12 months, with increasing pressures from low cost carriers and rising fuel costs on its list of concerns.

Sydney Airport Holdings has seen its passenger numbers grow by 28.8 million since 1990 but has been hit with the changing nature of aircraft and rising security concerns across the globe in this time.

The company’s recent AGM named the rising middle class across Asia and strong economic growth in NSW as behind its growth drivers.

Sydney Airport shares were down 0.6% to $7.18 at the time of writing.

Sector household name Qantas Airways Limited (ASX: QAN) shares are also struggling at present, down 0.4% to $6.47 at the time of writing, with Transurban Group (ASX: TCL) also suffering a downturn today – down 0.8% to $11.66.

Japanese Billionaire’s Prediction Will Give You Goosebumps

When a veritable investing and entrepreneurial genius speaks, it pays to listen.

In fact, he's now preparing a $100B "war chest" to invest entirely in this "terrifying" new technology, which could spell huge profits for investors.

Click here to learn about this technology and how you can profit!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Sydney Airport Holdings Limited and Transurban Group. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.