Domestically, a highlight was Jetstar growing its capacity at the airport by 14%.
“However, capacity overall remained steady, affected by Air New Zealand’s well-documented and ongoing engine issues and fleet constraints, as well as the overall economic environment.”
Domestic passenger movements were down 0.5% to 8.4 million.
International passenger movements, including transits, were up 2.5% to 10.3 million.
Chief executive Carrie Hurihanganui said the airport delivered a solid performance, despite international and domestic airline seat capacity challenges.
“As we navigate through these challenges, we continue to be focused on prudent cost management and delivering the resilient and fit-for-purpose gateway New Zealand needs to maintain our competitiveness as a nation.”
Operating ebitdaf was up 14% to $701.1m.
A final dividend of 7c a share will be paid on October 3.
Total dividends were $223.3m, equating to a 71.9% payout of underlying profit after tax.
The airport said its outlook for the 2026 financial year was cautious, with expectations of 8.6 million domestic passenger numbers and 10.6 million international.
“These travel numbers, together with higher depreciation as a result of the investment programme, are reflected in underlying earnings guidance of between $280m and $320m.”
Nikko Asset Management portfolio manager Owen Batchelor said today’s result was broadly in line with market expectations and company guidance.
“But a fairly cautious outlook that references seat capacity constraints, higher depreciation due to significant upgrade works, and New Zealand’s soft economy means that underlying npat [net profit after tax] guidance is below market expectations.”
