Airport News
Auckland Airport has announced an after-tax profit of NZ$69.1 million (US$58.4 million) for the six month period ending 31 December 2011, a 5.5% increase compared to the same period in 2010.
The positive interim results, released today (29 February) have been attributed to a number of initiatives launched at the airport, including an expansion of the security screening area in the domestic terminal and expanding the amenities available to customers. The 2011 Rugby World Cup (RWC) was also thought to have affected airport revenue.
“Initiatives to lift Auckland Airport’s performance contributed to another strong result in the six-months,” said Auckland Airport’s Chair, Joan Withers. “Our efforts have been rewarding for investors. The interim dividend has increased to 4.40 cents per share, underlining the Board’s confidence in the execution of strategy. The last two financial years have seen total shareholder returns per annum in excess of 20%, and we are on track for another solid performance this year. These results reflect our efforts to deliver excellent value to shareholders, passengers, business partners and New Zealand.
“We have seen rising travel demand across all four of our airport interests, and we have helped to stimulate that demand by encouraging sustainable growth in air-service capacity. Recognising the changing architecture of global travel and trade, we have continued to focus our market development efforts on expanding sustainable access to those markets that are experiencing faster growth.”
Auckland Airport’s chief executive, Simon Moutter, added, “We have also further honed the performance of our aeronautical, retail and property businesses, by expanding choices and amenities for customers, improving the service experience, and driving operational efficiencies wherever we can. Each part of our business is performing well relative to their peers and to market conditions.”
International Passenger numbers at the airport increased by 6.5% to 3.964 million in the six months to 31 December 2011 while domestic passengers numbers grew by 0.9% to 2.130 million. The six-month period saw particularly strong growth out of Singapore, China, Australia and, reflecting the RWC 2011 influence, the major rugby playing nations of Europe in September and October. New Zealand outbound travel also increased.
The airport also reported its busiest week for international arrivals and departures ever in January 2012.Auckland Airport has announced an after-tax profit of NZ$69.1 million (US$58.4 million) for the six month period ending 31 December 2011, a 5.5% increase compared to the same period in 2010.
The positive interim results, released today (29 February) have been attributed to a number of initiatives launched at the airport, including an expansion of the security screening area in the domestic terminal and expanding the amenities available to customers. The 2011 Rugby World Cup (RWC) was also thought to have affected airport revenue.
“Initiatives to lift Auckland Airport’s performance contributed to another strong result in the six-months,” said Auckland Airport’s Chair, Joan Withers. “Our efforts have been rewarding for investors. The interim dividend has increased to 4.40 cents per share, underlining the Board’s confidence in the execution of strategy. The last two financial years have seen total shareholder returns per annum in excess of 20%, and we are on track for another solid performance this year. These results reflect our efforts to deliver excellent value to shareholders, passengers, business partners and New Zealand.
“We have seen rising travel demand across all four of our airport interests, and we have helped to stimulate that demand by encouraging sustainable growth in air-service capacity. Recognising the changing architecture of global travel and trade, we have continued to focus our market development efforts on expanding sustainable access to those markets that are experiencing faster growth.”
Auckland Airport’s chief executive, Simon Moutter, added, “We have also further honed the performance of our aeronautical, retail and property businesses, by expanding choices and amenities for customers, improving the service experience, and driving operational efficiencies wherever we can. Each part of our business is performing well relative to their peers and to market conditions.”
International Passenger numbers at the airport increased by 6.5% to 3.964 million in the six months to 31 December 2011 while domestic passengers numbers grew by 0.9% to 2.130 million. The six-month period saw particularly strong growth out of Singapore, China, Australia and, reflecting the RWC 2011 influence, the major rugby playing nations of Europe in September and October. New Zealand outbound travel also increased.
The airport also reported its busiest week for international arrivals and departures ever in January 2012.
