Macquarie Said to Explore Rival Offer for Sydney Airport

The transcript discusses an unexpected offer announced on a Monday morning, leading to market reactions and strategic considerations. Macquarie Infrastructure is considering a rival offer, adding pressure on the company. The discussion includes the impact of Sydney's lockdown, travel restrictions, and market conditions, such as a previous equity raise and the Western Sydney airport. The pandemic's effect on international travel, especially Chinese tourism, is highlighted. Strategic insights from investors like Macquarie and IFM are considered for managing the asset effectively.

Discuss the impact of international travel on airport earnings as mentioned in the text.

What factors should be considered when evaluating a bid in the current market conditions?