Key competitors: Auckland International Airport (ASX:AIA)
About Sydney Airport
Sydney Airport (ASX:SYD) is Australia's primary international airport, with more than 40 million people arriving or departing from the airport each year. The airport offers domestic flights within Australia as well as more than 40 international destinations. The airport is a hub for Qantas, Virgin, Jetstar and Tigerair while also being one of the main airports that Air New Zealand flies to.
Sydney Airport stock profile
Sydney Airport is a public company that has been listed on the ASX since 2002. The stock is not only part of the benchmark ASX200 index, but is among the top 50 stocks listed on the ASX (by market cap). Due to extreme travel restrictions put in place to manage the COVID-19 pandemic, Sydney Airport has seen its share price fall.
Buying opportunity. Sydney Airport's share price has pulled back significantly from its recent highs due to the COVID-19 travel restrictions, which some analysts say is presenting a good buying opportunity for patient investors.
Monopoly. At the moment Sydney Airport almost operates as a monopoly, being the primary airport for international arrivals and departures in Australia. Auckland International Airport is the only other international airport listed on the ASX, and you could make the argument for holding both in your portfolio.
Blue chip income stock. Sydney Airport is a popular blue chip stock for Australian investors with a long history of paying dividends.
Share price fall. Because of strict travel restrictions and major airlines grounding the majority of their planes, Sydney Airport has seen its share price fall to its lowest point in about four years.
Travel restrictions. We don't know how long the travel restrictions around the coronavirus pandemic will remain in place.
Second airport coming. A second international airport is being built in Western Sydney and set to be finished by 2026, which could provide more competition for Sydney Airport.
Should I buy Sydney Airport shares?
Technical analysis is used in finance to forecast the direction of prices by studying the past movements of markets. This is not a recommendation, it represents an analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
How to buy Sydney Airport shares
Choose a share trading platform. In order to buy shares listed on the ASX you'll need to open a share trading account. Our table below can help you choose.
Open your account. You'll need your ID, bank details and tax file number.
Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
Find the shares you want to buy. Search the platform for Sydney Airport (ASX:SYD) shares and place a buy order. It's that simple.
When you successfully purchase shares, you'll receive a confirmation note from the broker, and the money will be taken out of your cash account. For more information about buying stocks, you can read our guide on how to buy shares.
Compare share trading accounts to buy Sydney Airport shares
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business. She has previously worked at Westpac, and has written for several other major banks including BCU, Greater Bank and Gateway Credit Union. Alison has a Bachelor of Communications from Newcastle University with a double major in journalism and public relations. She has ASIC RG146 compliance certificates for financial advice, securities and managed investments and superannuation.
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