Buyout target Sydney Airport's H1 loss nearly doubles on low travel


SYDNEY: Sydney Airport Holdings Pty Ltd on Friday reported its first-half loss nearly doubled in a tough period for travel demand, days after rejecting an improved A$22.8 billion ($16.3 billion) buyout offer from a consortium of infrastructure investors.

The A$97.4 million net loss at Australia's biggest airport operator for the six months ended June 30 compares with the A $53.6 million loss reported last year.

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Sydney , airport , buyout , travel

   

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