Queenstown Airport flying high with record $15.5m dividend

The airport has earmarked spending of $350m over the next 10 years. (Image: Vaughan Brookfield)

Wed, 23 Aug 2023

Queenstown Airport will pay a final dividend of $9.56 million, bringing its annual shareholder payout to a bumper $15.54m for the year to June.The Queenstown Lakes District Council’s 75% shareholding equates to $11.66m, with Auckland International Airport’s strategic quarter stake netting it $3.88m. The last time the airport paid a dividend was at the end of 2022, when it kicked $1.3m to its two shareholders.Queenstown Airport chair Adrienne Young-Cooper said that equates to about $390 per Queenstown-Lakes ratepayer.Queenstown...

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