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Auckland International Airport on track for improved profit

25-Oct-2012 6:50 AM

Auckland International Airport (AIA) reaffirmed (24-Oct-2012) it expects to report a net profit after tax, excluding any fair value changes and other one off items, of between NZD143 million (USD117 million) and NZD150 million (USD122.8 million) for the financial year to 30-Jun-2013, up from NZD142.3 (USD116.6 million) in 2012. For Q1FY2013 international passenger movements at Auckland Airport were down 0.1% year-on-year to 1.7 million. Domestic passenger were up 3.2% to 1.6 million, while total aircraft movements were flat. At 25.55%-owned Cairns & Mackay Airports in Australia, international passengers through Cairns were down 9.2% to 170,000, while domestic grew 8.0% to 970,000. Domestic passengers at Mackay were up 1.9% to 290,000. At New Zealand’s Queenstown Airport, 24.99% owned by AIA, international passengers were up 9.8% to 93,000, and domestic up 26.4% to 247,000 passengers. [more - original PR]