Ann: Sydney Airport Traffic Performance February 2020, page-184

Bugger, last week I took a small punt on SYD but just came across this:

"THE MONTGOMERY FUND

In March - there was one notable addition to the Portfolio, Sydney Airport. Sydney Airport generates revenue in the form of charges for international and domestic passengers, as well as retail, car-parking and commercial property. Understandably, the share price has been under pressure given the significant challenges faced by the aviation industry. We believe the current share price provides an attractive entry point to an asset which will most certainly recover as society develops methods to mitigate the spread and infection of Coronavirus over the short to medium term - with increasing demand for global aviation one of the most resilient longerterm trends (September 11, SARs epidemic). While balance sheet leverage remains a concern, we expect Sydney Airport’s existing liquidity, along with measures to reduce capital expenditure, deferral of dividends and highquality retail tenant base to help mitigate the need for a sizeable equity raising."

Now I'm a bit worried about my punt.

https://fundhost.com.au/wp-content/uploads/2016/11/The-Montgomery-Fund_March-2020.pdf