Lenders cut Auckland airport slack over later reconnection

The gateway airport expects to report another annual underlying loss. (Image: Deposit Photos)

Thu, 24 Feb 2022

Auckland International Airport has got more leeway from its bankers to help it cope with the recent omicron outbreak and slower reconnection to the rest of the world than anticipated.The nation’s main gateway for travellers reported an underlying loss of $11.5 million in the six months ended Dec 31, widening from a loss of $9.5m a year earlier, with revenue slipping 4% to $126.2m. No dividend was declared.The airport operator has been operating on just a fraction of the passenger and aircraft traffic compared to pre-covid times but is con...

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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

The Quiz Free

QuiznessDesk: Thursday, Oct 31

One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

The Quizmaster 9:15am