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Tax bite of $49m takes Wellington Airport into the red

But the two shareholders still received payouts.

Wellington Airport' sinternational passengers rose 31% in 2023-24 financial year.

Nevil Gibson Wed, 15 May 2024

The removal of tax depreciation on commercial buildings cost Wellington Airport dearly, with a net loss for the March 31 year of $28.8 million. This compared with last year’s net profit of $25.2m.

Total revenue from 5.5m passengers, an increase of 195,000, and other income rose 8.7% to $160m.

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Nevil Gibson Wed, 15 May 2024
Contact the Writer: ngibson@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tax bite of $49m takes Wellington Airport into the red
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