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Hot Topic Budget 25
Hot Topic Budget 25
Investment
4 mins to read

Auckland Airport traffic up 17%, but still short of 2019 levels

Listed airport company says economic headwinds are pushing Australian tourists to South-east Asia.

Auckland Airport’s tomokanga (carved gateway) welcomes and farewells travellers.

Will Mace Thu, 22 Aug 2024
Key points
  • Revenue: up 43% to $895.5m
  • Underlying Profit: up 87% to $276.6m
  • Main takeaway: Passenger and aircraft traffic is returning, but the jury is still out on whether pre-Covid levels will return.

New Zealand is being seen as relatively expensive destination for international travellers both in the air and on the ground, with south east Asia’s low-cost living attracting Australian holiday-makers in particular.

In reporting its annual results this morning, NZX and ASX-listed Auckland

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Will Mace Thu, 22 Aug 2024
Contact the Writer: william@nbr.co.nz
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Key points
  • Revenue: up 43% to $895.5m
  • Underlying Profit: up 87% to $276.6m
  • Main takeaway: Passenger and aircraft traffic is returning, but the jury is still out on whether pre-Covid levels will return.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Auckland Airport traffic up 17%, but still short of 2019 levels
Investment,
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true