Ann: Sydney Airport Traffic Performance February 2020, page-66

Agreed - this has a long way (south) to go in my view. I can’t fathom how SYD is up 11% today when all major carriers have stood down and/or sacked the majority of workforces with services suspended for the foreseeable future. Even in a best case scenario travel volumes from corporates and individual travellers alike are going to be severely depressed due to thin capitalisation and high unemployment rates.

Like others I’m a buyer at the right price (who doesn’t want to own a monopoly?), but i clearly have a more bearish view than the market right now.