Auckland up, but market softens

By Administrator |

Auckland International Airport (AIA) has reported a 12% rise in fiscal year net profits, but says that it is expecting slower passenger growth over the next year.

New Zealand's major airport gateway reported net profit of NZ$105.6m ($72.9m) for the year to June 30, up from NZ$94.3m ($65.1m) the previous year. The airport said that these earnings were driven by passenger growth of 4.6% to 11.26m during the period. International passenger growth, excluding transits, rose 6.6% to 6.1m.
AIA Ceo Don Huse noted that solid growth in revenues continued in both the aeronautical and non-aeronautical areas of the business with AIA's sales for the fiscal year up 7.7% to NZ$282.6m ($195.3m) compared with the previous year.
Sales from the company's retail operations, comprising mainly income from duty free shops, rose by 3% to NZ$84.7m (58.5m). Huse said that AIA now expects a slowdown in international passenger growth to 5% a year due to a slowing of growth in international arrivals. The easing pace also reflects the above average annual growth experienced recently.


Heinemann anticipates another €1bn year at IST

Retail has boomed at Istanbul Airport (IST) and the momentum is set to continue this year, even...


MAN 'very sorry' after power spike cancels flights

Manchester Airport (MAN) Managing Director Chris Woodroofe has issued an apology to passengers...


Vantage rebrands as airports manager and investor looks to the future

Vantage Airport Group (Vantage) has announced a corporate rebrand to Vantage Group. The...

image description

In the Magazine

TRBusiness Magazine is free to access. Read the latest issue now.

E-mail this link to a friend