Wellington International Airport today reported a $9.6 million profit before interest, tax, depreciation, amortisation, and fair value adjustments (ebitdaf) in the half year.The ebitdaf result for the six months to September 30 was $600,000 higher from th
Wellington International Airport today reported a $9.6 million profit before interest, tax, depreciation, amortisation, and fair value adjustments (ebitdaf) in the half year.
The ebitdaf result for the six months to September 30 was $600,000 higher from the prior period and when excluding subvention payments, ebitdaf was $35.1m, an increase of $2.5m.
The airport said total revenue was $56.3m and of $7.3m from the prior period, with aeronautical revenue up $1.6m and retail, property and trading activities up by $5.7m primarily due to an increase in iSite advertising revenue of $3.6m.
In the half year, total passenger numbers increased by 1.8 percent to 2,559,691 compared to the prior corresponding period. Domestic passenger traffic went up 1.7 percent and international passenger traffic went up 2.3 percent.
"With additional capacity announced by Air New Zealand (Air NZ) and Qantas/Jetstar and the completion of the Rock, our new terminal development, in October 2010, Wellington International Airport is well placed for continued growth," it said.
Pacific Blue ceased operating domestically in New Zealand in October 2010. But both Air NZ and Jetstar have announced additional flights to and from Wellington phased in over the next six months. And capacity increases on international services has also been announced by Qantas and Air NZ.
