Chch Airport profit jumps as Australia trumps Auckland for international transit

Sophie Boot
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Quiz FREE
QuiznessDesk, Tuesday, July 05, 2022
The Quizmaster | Tue, 05 Jul 2022

Don't forget to give our daily quiz a go. Good luck

Law & Regulation
Juice magnate Lepionka sues lawyers for 'negligent' advice
Greg Hurrell | Tue, 05 Jul 2022

Businessman Stefan Lepionka's negligence case against Gibson Sheat will be split in two, with the law firm's countersuit to be heard first, the high court has ruled.

George Kerr's Pyne Gould receivership continues
Victoria Young | Tue, 05 Jul 2022

Court action continues in the UK, while receivers have already clawed back $8m for the BNZ by selling South Island land.

How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges