Queenstown Airport profits continue to soar as a result of
transtasman growth. The airport corporation reported a net
profit after tax of $6.6 million in its year-end results
yesterday - a rise of 25%.
Queenstown Airport Corporation board chairman John Gilks
said: ''Increased passenger numbers have once again
underpinned the company's strong financial performance.''
A key contributor is the month-on-month growth of the
Australian market, which jumped 27.6% from 241,741 to 308,402
passengers this year.
Almost 1.25 million passengers passed through the airport
over the past 12 months, with international travel accounting
''Airline alliances, such as those between Air New Zealand
and Virgin Australia, and Qantas Group and Emirates, have
been instrumental in opening us up to international flying
networks, giving short- and long-haul travellers better
access and more flexibility to visit our region,'' Mr Gilks
Shareholders Queenstown Lakes District Council (75.1%) and
Auckland International Airport will receive a $4.3 million