Sydney Airport (SYD) released it's latest round of traffic figures showing continued growth in international traffic and steady domestic growth

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.