Retail set to fly higher at Auckland International

City of sales set to fly higher. (Image: Depositphotos)

Tue, 30 Jan 2024

Auckland Airport's retail offering will play a more prominent role in its financial performance in the coming years, on the back of expanded off-airport duty-free retail.In its latest analysis of the country's largest airport, Forsyth Barr suggests that the retail component is an important value driver, accounting for almost one-third of net profit after tax (NPAT).Pre-pandemic, the retail mix had shown significant growth, which was a function of passenger growth, international departures space expansion, better concession yield and min...

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