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Aviation can't wait for virus vaccine, says Sydney Airport

Jenny Wiggins

Key Points

  • Revenue ($m) 511.0, down -35.9%
  • Pre-tax profit ($m) -128.5
  • Net profit ($m) -51.8 
  • Interim dividend (c) 0.0 

Australia needs clear rules on when state borders should be opened to stop businesses going under and people losing jobs, Sydney Airport chief executive Geoff Culbert said after the company went into a $2 billion equity raising and reported a $51.8 million interim loss.

"We have inconsistencies across the states and that's creating a huge amount of confusion for everyone," Mr Culbert said.

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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Bluesky: @jennywiggins.bsky.social Email Jenny at jwiggins@afr.com

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    Original URL: https://www.afr.com/companies/infrastructure/aviation-can-t-wait-for-virus-vaccine-says-sydney-airport-20200811-p55khi