Sydney Airport (SYD) released it's latest round of traffic figures showing continued growth in international traffic and steady domestic growth
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Sydney Airport (SYD) released it's latest round of traffic figures showing continued growth in international traffic and steady domestic growth. International travel was up +6.2% on the prior period with domestic travel rising +0.8%. February was a continuation of January, namely strong traffic performance across international and domestic, with traveler growth ahead of capacity growth. Macquarie Equities Research has downgraded SYD to a Neutral call noting, whilst there is still some upside, the core business is capturing much of Sydney's value at our current assumptions.
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