Auckland Airport notches up first loss

Auckland Airport notches up first loss
Auckland airport has big plans for a fashion outlet development. (Image: Supplied)
Paul McBeth
Auckland International Airport reported its first underlying annual loss as the covid-19 pandemic wiped out air travel, but is doubling down on expanding its property portfolio for the eventual recovery.The airport operator reported an underlying loss of $41.8 million for the 12 months ended June 30, its first since listing in 1998. That compared to an underlying profit of $188.5m a year earlier when the pandemic was in its early days.Total passenger numbers more than halved to 6.4 million as international travel all but dried up and revenue dr...

More Retail

Gone in a puff: Sanitarium axes jobs and well-known brands
Retail

Gone in a puff: Sanitarium axes jobs and well-known brands

A total of 49 jobs will be cut across manufacturing, logistics and head office.

Staff reporters 27 Mar 2024
Warehouse pares back further amid NZ retail reckoning
Retail

Warehouse pares back further amid NZ retail reckoning

The Warehouse Group has announced it intends to drop TheMarket.com.

Gregor Thompson 20 Mar 2024