through the turbulence of the aviation recovery in the expectation that flights will rebound over the long term.
“The operational outlook is positive as the relaxation of both domestic and international borders progresses further which should materially improve aviation activity and earnings,” Mr Birrell said.Sydney Airport’s shares traded flat at $8.65 on Thursday, with the stock supported by expectations the takeover offer will succeed. If it fails, the stock is expected to drop.
Australia’s aviation industry is also taking longer than other countries to recover from the pandemic due to its lengthy state and international border closures, the association said.
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