Wellington Airport says airline revenue jump reflects noise charge, lack of international fee

Thu, 16 May 2013

May 16 (BusinessDesk) – Wellington International Airport, which the Commerce Commission deems is extracting excessive profits, says a 20 percent increase in revenue from its airline customers reflects a new noise levy and the absence of an international departure fee. The airport, which is 66 percent owned by Infratil and 34 percent by Wellington City Council, released its annual results today, showing net profit rose about 81 percent to $16.2 million in the 12 months ended March 31. Total revenue climbed 6.8 percent to $106 million, of whi...

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