Auckland International Airport is expected to report a 4%
increase in its after-tax profit for the first half of the
2013-14 financial year.
Analysts expect it to be between $73.2 million and $73.7
AIA, the tourism gateway to New Zealand and a 25% stakeholder
in Queenstown Airport, is due to report today. Queenstown
Airport is expected to feature in the half-year result.
Forsyth Barr broker Peter Young expected after-tax profit to
be $73.7 million, up 4% on a year ago, and AIA also to book a
3% increase on last year's revenue, to $222 million.
Queenstown Airport had an extra 132 flights in December.
Investors should be looking at passenger numbers as,
while domestic travel was expected to be up 7%, international
passengers were thought to be down 2%, Mr Young said.
Earlier this month, it was reported there were an extra 132
international and domestic flights into Queenstown Airport
during December, international passenger numbers rising 51%
and domestic passenger numbers up almost 20% during the
month. Craigs Investment Partners broker Chris Timms expected
AIA's after-tax profit to be $73.2 million on revenues of
While international passenger growth was down, it was coming
off an 6% boost a year ago because of the Rugby World Cup, Mr