The pricing agreements in the agreements are important for the airport`s future profits, given that air services account for nearly half of the company`s revenue and contributed $361 million in the six months to June, an increase of 4.7% over the same period a year earlier. Qantas is ready to invest in major projects if the price is right, and Sydney Airport is ready to enter into interim price agreements if necessary, while discussions on longer-term agreements continue. Geoff Culbert, CEO of Sydney Airport, has built a new wall at the international airport that shows images of the city`s landmarks like the Bondi Icebergs Pool. Graham Millett, CEO of Sydney James Brickwood Western Airport, said: “The Memorandum of Understanding is a huge proof of the confidence of Australian airlines in the new Sydney International Airport. The lessons we learn from working with airlines will help us build an airport that people will love. The second airport could “create a high level of efficiency for airlines, which helps us keep fares lower.” Joyce added. The drop came, even though Gareth Evans, CEO of Qantas International, said earlier this month that international yield momentum remained “positive.” Alan Joyce, CEO of Qantas Group, said: “It`s not common to redevelop an airport from the base, so we`re very happy to be a part of it.” Low interest rates could hamper Sydney Airport`s attempts to raise airfares as it renegotiates agreements on how much it can charge airlines this year for the use of its terminals and runways, analysts have warned. “Macquarie Airports welcomes this agreement as it is an excellent outcome,” said Kerrie Mather, CEO of MAp. It is gratifying to note that five-year trade agreements covering issues such as air charges, lounges, buses and door access now cover more than 90% of passenger traffic at Sydney Airport. This provides price security for airlines and investment security for Sydney Airport. Airlines that provide international air services do so within the capacity requirements of air transport agreements. The available capacity register determines the capacity available to Australian airlines.
The capacity of foreign airlines and their use during the last schedule season are shown in the growth potential table for foreign airlines PDF: 147 KB. “The new commercial agreement provides the framework for closer cooperation with our airline partners to provide passengers, our shared customer, with an enhanced experience,” said Kerrie Mather, Chief Executive officer of Sydney Airport.