Profits at Sydney Airport rose 6.5 percent to a record 372.5 million yuan in 2018 as calls for greater regulation of "monopolies" were renewed.
Revenue growth in all sectors was strong, with a 7.6 percent increase in "agreed airline charges" for international airlines.
Retail revenue, real estate, and car rental revenues also rose by more than 7%. Parking revenue rose slightly by 1.7 percent.
"Sydney Airport welcomed an additional 1.1 million passengers in 2018, including strong performance in the United States, China, India, TW and Japan." Kurbet said.
He said the strong contribution to retail and real estate revenues reflected the strong performance of new rental transactions and tax-free and exclusive stores.
Mr. Kurbert said the slowdown in parking revenues showed increased competition and increased train passenger traffic.
Sydney Airport shares climbed 1.7 percent in response to full-year results, closing at 7.07 yuan on Friday.
Airport profits have been a hot topic in recent months as the (Productivity Commission) examines whether there is a need to tighten economic regulation to keep an eye on Sydney, Melbourne, Brisbane and Perth.
Airlines, including Qantas (Qantas) and Virgin Australian Airlines (Virgin Australia), believe airports abuse their monopoly on authority and want to choose independent arbitrators if contract negotiations with the airport fail.
A draft report released this month by the Productivity Commission suggests that it may recommend maintaining existing regulations. It says parking fees are reasonable because of the value of the land and the need to manage congestion.
On Friday, Air Australia`s chief financial officer, Raspina (Tino La Spina), said Sydney Airport`s 2018 profit only confirmed airlines` concerns.
"the [airport] authority is monopolistic, and I think we need to rebalance this authority." "We have to support consumers and make sure they get a fair deal, and we won`t be overcharged," Raspina said.
He said the productivity committee`s draft report left Qantas with no confidence in any change.
"from our point of view, what we see in the draft is that the results are very disappointing," Raspina said. "they say that even parking fees are reasonable, and that doesn`t make sense at first."
Joyce (Alan Joyce), chief executive of Qantas, said he agreed with opposition party Transport speaker Albannis that "the Productivity Council should let people with aviation experience help them."
"I think it`s fair." Joyce said.
