"I also doubt that future traffic will quickly revert to the pre covid era numbers.."
I fully agree. Thank you for an informative post. IMO, after the lockdown there will be a smaller economy and lot of austerity. This will change, long term, and I hope that Australia will come out of all of this with more manufacturing and prosperity. But, in the meantime, businesses like Sydney Airport, and Crown Casino, cannot expect everyone to flock back instantly.
SYD does have a good asset. Sydney airport is an international hub and it is the key to the city. The problems are short term, but they are significant problems, I want to buy in but I shall wait.
SYD Price at posting:
$6.28 Sentiment: None Disclosure: Not Held
