Insights

Why is the Sydney Airport (ASX:SYD) share price struggling today?

September was a dire month for Sydney Airport.
The post Why is the Sydney Airport (ASX:SYD) share price struggling today? appeared first on The Motley Fool Australia. –

The Sydney Airport (ASX: SYD) share price is dipping today after the company gave an update on passenger traffic for the month of September.

Over the month just ended, the company saw a significant drop in people landing and taking off from Sydney Airport.

In fact, September brought the lowest level of traffic faced by Sydney Airport since the beginning of the pandemic.

While a drop in airport traffic is an obvious outcome of New South Wales’ recently ended lockdown, and today’s release from the airport is non-price sensitive, some market watchers might be shocked by the apparent impact of travel restrictions.

At the time of writing, the Sydney Airport share price is $8.32, 0.24% lower than its previous close.

Let’s take a closer look at the latest news from what has previously been Australia’s busiest airport.

Sydney Airport share price slides amid traffic update

The Sydney Airport share price is struggling today after the company announced it saw 68% fewer passengers through its gates last month as it did in September 2020.

Only 23,000 people passed through Sydney Airport when travelling domestically last month, while 19,000 international travellers did the same.

For comparison, those same figures came to 25,000 and 26,000 in August 2021.

So far, since the start of 2021, only around 6.1 million passengers have travelled through Sydney Airport’s gates. That’s 38% fewer than had by this point in 2020.

Though, the future looks to be brighter for Sydney Airport and, likely, its share price.

New South Wales’ lockdown ended earlier this month. Perhaps more exciting for the airport’s shareholders, the state has pledged to scrap quarantine for vaccinated international arrivals from 1 November.

Additionally, Sydney Airport is still facing a potential takeover by a consortium of infrastructure investors.

As The Motley Fool reported on Monday, the consortium’s due diligence period has ended, but it may still put its $8.75 per share takeover offer to the airport’s shareholders.

The post Why is the Sydney Airport (ASX:SYD) share price struggling today? appeared first on The Motley Fool Australia.

Should you invest $1,000 in Sydney Airport right now?

Before you consider Sydney Airport, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Sydney Airport wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Why now could be the time to buy the Transurban (ASX:TCL) share price

Sydney Airport (ASX:SYD) share price slides on takeover update

Own Sydney Airport (ASX:SYD) shares? Here’s the latest development on the takeover bid

What percentage of Sydney Airport (ASX:SYD) shares are owned by institutions?

Why did the Sydney Airport (ASX:SYD) share price have such a great FY22 first quarter?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!