Wellington Airport posts 4.8% drop in 1H profit on fewer domestic flights

Wed, 12 Nov 2014

Nov. 12 (BusinessDesk) - Wellington International Airport, which is two-thirds owned by Infratil, posted a 4.8 percent drop in first-half earnings, reflecting fewer flights to Auckland and Queenstown. Earnings before interest, tax, depreciation, amortisation, asset revaluations and payments to Infratil declined to $40.4 million in the six months ended Sept. 30, from $42.5 million in the year earlier period, the Wellington-based company said in a statement. International passenger numbers rose 2.2 percent while domestic passengers slipped 2.3...

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