Sydney Airport revealed passenger numbers fell more than 96 per cent in in the first 16 days of April and expects traffic to stay at a similar level for as long travel restrictions remained in place pwhatch
The number of passengers passing through Sydney Airport crashed more than 96 per cent in the first half of April as travel restrictions to combat the coronavirus pandemic put the brakes on air travel.
The airport said it expected traffic to stay at a similar level for as long travel restrictions remained in place. The ASX-listed group said it would not pay shareholders a dividend for the half year ending June."The entire industry is hurting but we are all in this together," Sydney Airport's chief executive Geoff Culbert said."We are working closely with our airline and commercial partners to make sure everyone has the best shot of making it through to the other side.
The company said it was working with retail and commercial tenants in line with the federal government's recently announced code of conduct, which could include waivers or deferral of rent, and was also working with airlines to "reach outcomes that represent a fair and equitable sharing of the pain".
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