RECORD PROFITS AT AUSTRALIA’S BIG FOUR AIRPORTS DESPITE WEAK PASSENGER GROWTH
Australia’s four biggest airports increased aeronautical profits by 3.6 per cent in 2018-19, despite sluggish passenger growth and a drop in domestic passengers in Sydney.
The findings form part of a new report by the Australian Competition and Consumer Commission, which revealed the $863.5 million operating profit was driven by the east coast airports of Brisbane, Melbourne and Sydney.
The ACCC defines aeronautical profits as those relating to airport services necessary for the operation of civil aviation.
