Auckland airport lowers guidance on covid-19

Thu, 20 Feb 2020

Auckland International Airport reported a 2.2 percent lift in first-half underlying profit and trimmed its full-year guidance by $5 million due to the covid-19 virus.The country’s largest airport reported an underlying profit after tax of $139.9 million for the six months to Dec. 31 versus $136.9 million a year earlier.Revenue increased 1.1 percent to $374.7 million while earnings before interest, tax, depreciation, fair value adjustments and investments in associates, or ebitdafi, were $279.2 million, up 0.8 percent. “Results reflect seve...

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