Auckland Airport notches up first loss

Auckland airport has big plans for a fashion outlet development. (Image: Supplied)

Thu, 19 Aug 2021

Auckland International Airport reported its first underlying annual loss as the covid-19 pandemic wiped out air travel, but is doubling down on expanding its property portfolio for the eventual recovery.The airport operator reported an underlying loss of $41.8 million for the 12 months ended June 30, its first since listing in 1998. That compared to an underlying profit of $188.5m a year earlier when the pandemic was in its early days.Total passenger numbers more than halved to 6.4 million as international travel all but dried up and revenue dr...

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