No intl travel recovery for more than three years - Auckland Airport

Thu, 20 Aug 2020

Auckland International Airport reported a 63 percent drop in net profit and said international travel won’t recover for more than three years. Covid-19 and travel restrictions saw international passenger movements – including transits – down 26.4 percent on the year while domestic passenger movements were down 26.5 percent. Reported net profit was $193.9 million in the 12 months ended June 30 while underlying profit after tax was down 31.4 percent at $188.5 million. Revenue dropped 23.7 percent to $567 million. Chief executive Adrian L...

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