Wellington Airport lifts FY revenue from Air NZ, Qantas and Virgin by 20 percent

Wellington Airport lifts FY revenue from Air NZ, Qantas and Virgin by 20 percent
May 16 (BusinessDesk) – Wellington International Airport, which was deemed by the Commerce Commission to be extracting excessive profits in February, posted a 20 percent increase in full-year revenue from its three main airline customers, its results show. Revenue from Air New Zealand, Qantas Airways and Virgin Australia rose to $62.2 million in the 12 months ended March 31, from $51.7 million a year earlier, according to its annual financial statements. That made the biggest contribution to the airport’s overall sales, which climbed to $106....