HomeNewsNew Zealand News

Auckland Airport’s Revenue Doubles with Return of Tourists

Auckland Airport’s Revenue Doubles with Return of Tourists

Auckland Airport has reported a significant rebound in its financial performance as tourists returned following the easing of border restrictions. Fo

New Zealand Faces Surge in COVID-19 Cases with 5947 New Infections and 5 Deaths
Challenges of Proposed Nationwide Phone Ban in New Zealand Schools
Midwives call for more vaccinators to help protect pregnant women and children from whooping cough

Auckland Airport has reported a significant rebound in its financial performance as tourists returned following the easing of border restrictions. For the 12 months ending in June, the airport’s net profit reached $43.2 million, marking a substantial recovery from the prior year’s $191.6 million loss. The revenue also doubled to $625.9 million, compared to $300.3 million in the previous year. This resurgence was driven by a surge in passenger numbers, with 15.9 million travelers during the year, up from 5.6 million. The airport’s chief executive, Carrie Hurihanganui, highlighted the substantial turnaround in the aviation industry and expressed optimism about the coming year, with a forecasted underlying profit of $260 million to $280 million for 2024. The airport’s expansion plans, including the $2.2 billion integrated terminal project, are expected to further contribute to its growth.

error: Content is protected !!