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Sydney Airport 1st Half Revenue Rises, But Passenger Traffic Declines

   By Mike Cherney 

SYDNEY–Sydney Airport (SYD.AU) said revenue in the six months through June rose more than 3% but overall passenger traffic declined slightly, driven by weakness in the domestic market.

Sydney Airport said first-half revenue was 797.1 million Australian dollars (US$538 million). Total passengers came to 21.6 million, down 0.2%.

Earnings before interest, tax and other items, or Ebitda, rose 4% to A$649.2 million, though that figure excludes one-off charges such as redundancy and indemnity expenses. Including those charges, Ebitda was A$465.1 million, down…

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