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Auckland Airport expects increased profits in FY2012/2013

24-Sep-2012 3:39 PM

New Zealand's Auckland Airport announced (24-Sep-2012) it expects net profit in FY2012/2013 to be between NZD143 million (USD117.7 million) and NZD150 million (USD123.4 million), up from NZD142.3 million (USD117.1 million) in FY2011/2012. The airport attributed (24-Sep-2012) improved financial results in FY2011/2012 to growth in passenger numbers at Auckland, Queenstown Airport, Cairns Airport and Mackay Airport. The airport reported strong growth in passenger numbers from Australia, China and Southeast Asia and declining passenger numbers from UK, Europe, Japan and US. The airport said these declines were due mainly to economic conditions and partially to reduced air service capacity. The airport reported revenue growth across all sectors, including aeronautical, retail, rental and car parking. The airport attributed increased retail income to the completion of development projects at the international terminal and increased spending during the Rugby World Cup in 2011. The airport attributed increased operating costs to staffing, maintenance, asset management, operational, rates and insurance costs. [more - original PR]