Airport net profit up 31% at $6.2m

Queenstown Airport's profits are soaring following strong passenger growth.

Unaudited net profit after tax for the six months to December 31 climbed 31% to $6.2million, up from $4.7million in 2014's second half.

The company has paid an interim dividend of $1million to shareholders the Queenstown Lakes District Council (75%) and Auckland Airport (25%).

Queenstown Airport Corporation chairman John Gilks said the result was underpinned by sustained growth in domestic and international passengers.

Revenue increased 19% to $15.7million, driven by new retail offerings and increased spending per passenger.

Increased capacity and full aircraft had helped the airport set new records, including passing the 1.5million passenger mark in a 12-month stretch for the first time.

In the second half of last year passenger numbers grew 15% to 830,000.

International passengers were up 20% at 265,000 and domestic passengers rose 13% to 565,000.

Mr Gilks said the company continued to invest heavily in infrastructure.

It opened a $17million international terminal last July, and work was under way on an $18million upgrade of the airport's runway and lighting.

The airport also set another monthly passenger record, when 163,783 people flew in or out last month, an increase of 19.1% on January last year.

That was 4% above the 156,636 passenger movements in December, itself a record.

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