Chch Airport profit jumps as Australia trumps Auckland for international transit

Mon, 27 Aug 2018

By Sophie Boot Aug. 28 (BusinessDesk) - Christchurch International Airport lifted profit 37 percent in 2018 and will pay more than $40 million to its Crown and council shareholders as more international visitors landed on the South Island via Australia. The South Island's major aerial gateway increased net profit to $88.7 million in the year ended June 30, from $64.6 million in 2017, it said in a statement. Earnings before interest, tax, depreciation and amortisation increased 6.4 percent to $115.7 million on a 3 percent gain in revenue t...

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