Sydney Airport slashes costs, spending to save cash
Jenny WigginsInfrastructure reporter
Sydney Airport will abandon non-essential projects and conserve cash as states and territories close borders and more flights are cancelled to prevent the spread of COVID-19.
The airport, which has not yet updated investors on how the virus will impact future passenger numbers and earnings, said on Monday that it was planning "for a significant but temporary reduction in international and domestic traffic."
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
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