Auckland International Airport is Ready for the Future

Auckland International Airport announced on Thursday that they have had another solid financial outcome as they now look to the time ahead. The airport’s operating earnings before depreciation, tax, and interest rose by 13.7% to 275.8 million dollars. The net profit of Auckland International Airport was 113 million dollars after tax, which is an improvement of 3.3% in comparison to last year, following an adjustment of one-off items, as well as differences in the fair value of their investment property portfolio.

The Auckland International Airport’s 2008 financial year results support the positive view of the airport, in spite of the obvious challenges throughout the industry and the economy worldwide. They achieved this result even though there has been a softening in international passenger growth, increased costs of capital, and disruption of business. The relative strength from the result may be credited to a strong domestic growth in the number of passengers from enhanced retail offers, a more competitive environment, revised airfare costs, and strong income growth in car parking and car hiring.

In outlook terms for this financial year, it is thought that the economic conditions around the globe remain to be a challenge. This is anticipated to dampen the international passenger growth for short-term, specifically from some traditional long-haul markets, like the United Kingdom and United States. There are signs, however, of new capacity being brought to the Auckland International Airport, and it is anticipated that more will come next year. The domestic market continues to be competitive, and they have seen benefits from their investments.

Learn more at: www.auckland-airport.co.nz