Australian airports thankful for high volume of overseas travellers
Article by Mozo
The decline in domestic travel between destinations has not hit Melbourne or Sydney airports as hard as many may have thought.
Although fewer Aussies are travelling around their home country, a greater number are heading abroad, the Sydney Morning Herald reports.
Senior research analyst at Legg Mason Andrew Chambers told the news provider that both facilities have reported positive revenue in recent months, as people who are flying long-haul tend to spend more of their overseas travel money at the airport.
"Even though domestic [passenger traffic] is lagging, we are seeing a favourable traffic mix for the airports," he remarked.
Mr Chambers added that the turmoil in the eurozone has meant that fewer passengers are heading into Sydney and Melbourne from countries like Germany, but this has been offset by record uptake of global travel among Aussies, as well as increased traffic from Chinese visitors.
One of the biggest factors behind the sudden surge in international travel among Aussies is the fact that the dollar is a lot stronger against other currencies than it previously was.
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