Where next for Infratil?
New Zealand’s power, utilities and transport conglomerate Infratil has released financial highlights for the 12 months ended 31-Mar-2010. They show that revenue and EBITDAF increased at Wellington Airport but both fell at Infratil Airports Europe (IAE), which now comprises just Glasgow Prestwick Airport and Kent International Airport, both wholly owned, since Germany’s Luebeck Airport returned to public sector control. Revenue at AEI was down dramatically. Infratil perseveres with the two European airports, but market conditions will continue to be tough for both of them. Even so there is some light at the end of the tunnel.
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