REBECCA HOWARD: Auckland Airport's ace up its sleeve

Tue, 25 Aug 2020

Auckland International Airport is facing a rough couple of years, but it may have an ace up its sleeve: property. The company’s net profit tanked 63 percent to $193.9 million in the year to June as a plunge in passenger numbers saw revenue fall 24 percent to $567 million, weighed by falls in airfield, passenger service, retail and car park income. Total passenger numbers fell to 15.5 million, down 26.5 percent versus the prior year. And about 12.5 million of those came through the airport in the first half of the year, rendering it a virt...

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