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Concerns over domestic traffic performance: Sydney Airport Holdings Ltd (ASX: SYD) aims to release its full year results ended December 31, 2016 on February 16, 2017. As per the December 2016 updates, the group believes that 2016 was an outstanding year, with international passenger growth of 8.9%. The group also added almost 2.5 million incremental seats in 2016. The international passenger growth was 7.2% in the month of December compared to the prior corresponding period (pcp). The inbound nationalities reflected growth with Indonesia (+45.6%), Japan (+29.4%), India (+13.4%), USA (+10.0%) and China (+8.5%) while Australian outbound passengers recorded 4.7% growth above the pcp. However, domestic passenger numbers were only 1.0% above pcp for the month. The domestic passenger numbers grew only 3.2% above prior corresponding period (pcp) for the month of November. The group had received a Notice of Intention (NOI) issued by the Commonwealth Government and the notice sets out the material terms for SYD to develop and operate the Western Sydney Airport.
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