Auckland Airport shares fall on weaker forward guidance

Auckland Airport shares fall on weaker forward guidance
Chief executive Carrie Hurihanganui says NZ has some catching up to do after being one of the last countries to reopen its borders. (Image: Auckland Airport)
Dan Brunskill
Auckland International Airport has comfortably beat its own profit guidance with a net loss of just $11.6 million in the year ended June 30, thanks to a fourth-quarter travel boom.However, shares in the company dropped almost 3% after the result as investors absorbed profit guidance for the 2023 financial year, which was lower than some had expected.Analysts at Macquarie said in a preview last week that they were forecasting a net profit of about $71m, “well below Bloomberg consensus of $141m”.Jarden had a similar prediction at abou...

More Markets

NZME chief financial officer David Mackrell resigns, to join Sky TV
Markets

NZME chief financial officer David Mackrell resigns, to join Sky TV

NZME is losing one of its long-established executives as he switches to the top table at Sky Television.NZME chief financial officer David Mackrell has resigned and will join Sky as its new chief financial officer in January, the two publicly listed companies have revealed in sep...

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025