New Zealand: Auckland Airport profit climbs to $263m
Auckland Airport's underlying profit has climbed 6.2% to $263m. Company chairman Sir Henry van der Heyden said it was a year of solid growth in travel and trade markets given the significant growth in the prior two years, with many new carriers and new routes servicing both domestic and international markets out of Auckland. Net profit nearly doubled to $650.1m, though that was boosted by the sale of the airport's stake in North Queensland Airports. The airport expects moderate underlying profit growth in 2019, between $265m and $275m, and expects to spend between $450m and $550m on capital expenditure in the year ahead.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-08-23/general/new-zealand-auckland-airport-profit-climbs-to-263m
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New Zealand: Auckland Airport profit climbs to $263m
Auckland Airport's underlying profit has climbed 6.2% to $263m. Company chairman Sir Henry van der Heyden said it was a year of solid growth in travel and trade markets given the significant growth in the prior two years, with many new carriers and new routes servicing both domestic and international markets out of Auckland. Net profit nearly doubled to $650.1m, though that was boosted by the sale of the airport's stake in North Queensland Airports. The airport expects moderate underlying profit growth in 2019, between $265m and $275m, and expects to spend between $450m and $550m on capital expenditure in the year ahead.<br/>
