"Sydney Airport CEO says airports flying into shaky times"

Sunday, March 16, 2003

CEO says airports flying into shaky times
The Australian Broadcasting Corporation


The new chief executive of the Sydney Airport acknowledges uncertainty
surrounding a war on Iraq could be damaging to airport operators.

The airport was bought by a Macquarie Bank led group for $5.8 billion last
year and is being headed by former top Commonwealth public servant, Max
Moore-Wilton.

Mr Moore-Wilton has told Channel Nine traffic numbers through the airport
have been marginally down for February and March.

But he says it is not only the prospect of a looming war which is having an
effect on the industry.

"I think the previous six months everyone has been hoping there wouldn't be
a war in Iraq," Mr Moore-Wilton said.

"We've had a hundred year drought which has had a devastating effect on the
rural and regional economies in Australia.

"We've now got seven-year-lows in a number of major international stock
markets and for the first time in a number of years the Australian share
market is being impacted as a result."

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