Queenstown airport hands $6m windfall to council, Akld Airport

International and domestic aircraft arrivals and departures climbed 119%. (Image: BusinessDesk)

Wed, 22 Feb 2023

Queenstown Airport Corp (QAC) expects to pay out its highest ever dividend this year, after announcing a $5.98 million disbursement for the half year to December 2022.The record half-year dividend comes off a 136% improvement in revenue to $30m, from $12.7m for the previous comparable period, with net profit after tax at $11.5m.Of its income, $16.6m had come from payments from airlines and general aviation, with $2.1m from parking and $1.3m from commercial vehicle access.The Queenstown-Lakes District Council will receive $4.49m of that for its...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market Close

Ryman and Tower lift NZ sharemarket, but ends lower

The S&P/NZX 50 Index closed down 0.96% or 129.811 points at 13,432.20.

Tom Raynel 6:05pm

Markets

Airports, Jetstar bite back at Air NZ subsidy claim

Air NZ is effectively saying 'get what you're given', says Auckland Airport.

Pattrick Smellie 5:50pm

Airports, Jetstar bite back at Air NZ subsidy claim

Infrastructure

Cost of full defence infrastructure renewal now $15b

Cabinet has agreed to a new defence estate plan with 'sharper' cost estimates.

Thomas Manch 2:39pm

Cost of full defence infrastructure renewal now $15b

Sponsored

Spark Accelerate: Are you ready for exponential AI growth?

Spark

Sponsored

Cybersecurity skills gap leaving Kiwi businesses at risk - report

A cybersecurity skills shortage is creating additional cyber risks, according to a new global report.

Fortinet

More Travel

Markets

Airports, Jetstar bite back at Air NZ subsidy claim

Air NZ is effectively saying 'get what you're given', says Auckland Airport.

Pattrick Smellie 5:50pm

Markets

Air NZ to airports: Stop subsidising Jetstar

Current airport regulation works against the national interest, Air NZ’s new CEO says.

Pattrick Smellie 5:00am

Markets

1,200 Air NZ flight attendants vote to take strike action

About 1,200 Air New Zealand cabin crew have voted to take strike action, the union says.The union said those who voted for strike action worked across international, domestic and regional routes and had been trying for months to get better pay and rosters.Michael Wood, director o...

Staff reporters 18 Nov 2025

Travel

Japan is overrun with tourists. This city wants more

Nagoya is the country's fourth-largest city, but a lot of people think it’s boring.

The Wall Street Journal 09 Nov 2025

Queenstown airport hands $6m windfall to council, Akld Airport

More Travel

Your company has a subscription

Team