“The Prime Minister's comments came after Treasury Secretary Steven Kennedy briefed the national cabinet on the economic consequences of business closures and the international border being shut off to most foreign travellers into next year.”
The market simply isn’t pricing SYD correctly in my opinion. This from this mornings Financial Review.
Airport's are going to be closed for a long time yet. Yet investors are still modeling their estimates on revenues returning some time soon.
This is simply foolish.
10x
Ann: Sydney Airport Traffic Performance February 2020, page-183
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