Auckland Airport posts $194m profit, down 63 per cent

Auckland International Airport has announced a 63 per cent decline in its profit to $194 million, in its most recent financial year.

Auckland International Airport’s total passenger volumes decreased to 15.5 million, down 26.5 per cent on the previous year. International passenger numbers (including transits) were 8.5 million while domestic passenger numbers were 7 million.

Auckland International Airport chief executive Adrian Littlewood said due to the significant fall in passenger numbers and the scaling back of the organisation’s infrastructure development programme, Auckland Airport had made the “difficult decision” to reduce the size of its workforce earlier in the year.

As at June 30, 2020, these changes had resulted in a 25 per cent reduction in the number of staff and contractors employed by Auckland Airport.

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Littlewood said the 2020 financial year had been dramatically split in two.

“The first half of the year saw Auckland Airport embark upon a series of ambitious infrastructure projects which were transforming our precinct into an airport of the future. The second half of the financial year brought a global pandemic and international tourism in New Zealand to a virtual halt.

More to come.