Sydney Airport earnings more than double to $1.2 billion

Sydney Airport’s annual earnings have more than doubled to $1.22 billion as Australia’s biggest airport, now owned by big global infrastructure funds, capitalises on the resurgence in flying in Australia and around the world.

Income from aeronautical fees, shop and car rentals as well as property leases and parking fees soared in the year to December 2023, underpinning strong growth in earnings before interest, taxation, depreciation and amortisation (EBITDA) from just $537 million a year earlier.