Auckland Airport revenue and profit up

Auckland Airport’s revenue was up 12% to pass $1 billion in the year to June 30.

Revenue reached $1.004b and net profit after tax was up 12% to $310.4 million.

Auckland Airport chair Julia Hoare said in FY2025, international airline seat capacity was at 92% of 2019 levels.

“International airlines continue to have to prioritise their available fleet in the short term,” she added.

“But the future outlook remains positive with New Zealand well-positioned for growth, boosted by several airline partners announcing new routes and expanded capacity for the coming summer.”

Hoare said 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 8.4m.

International passenger movements, including transits, were up 2.5% to 10.3m.

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,” she said.

Operating ebitdaf was up 14% to $701.1m.

A final dividend of 7c per share will be paid on October 3.

Total dividends were $223.3m, equating to a 71.9% payout of underlying profit after tax.