News
Sydney Airport full-year net loss widens to US$194.1 million
February 24th 2022
Sydney Airport has reported an A$266.9 million (US$194.1 million) net loss for calendar 2021, a deterioration from a net loss of A$145.6 million in the previous year. Read More » Revenue declined 22.8%, to A$620.6 million, Sydney Airport said in a regulatory filing to the Australian Securities Exchange (ASX). In its financial report, the company said: "The group is closely monitoring the impact of the COVID-19 pandemic on passenger numbers, revenue, operating expenses, capital expenditures and interest rates. The group continues to have significant levels of liquidity available and will be able to pay its debts as and when they become due and payable." In February, an A$23.6 billion takeover of the airport by the Sydney Aviation Alliance consortium was completed and the company was removed from public trading.
