Sydney Airport reveals extent of financial damage from COVID-19 –

Sydney Airport has revealed the extent of the financial damage caused by the coronavirus pandemic, prompting the major travel hub to ask shareholders for additional capital. The major airport has booked a $51.8 million loss for the six months ending June 30, a 125.9 per cent decline compared with the same period in 2019.
Sydney Airport’s financial rupture is a direct result from COVID-19 wiping out the global aviation industry, significantly reducing airport activity by more than 90 per cent si…

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