NZ's Auckland International Airport cuts 2020 profit view on COVID-19 impact

New Zealand’s Auckland International Airport on Friday cut its full-year profit outlook due to the coronavirus-led plunge in demand and flagged “significant reduction” in flights and passengers. The country’s biggest airport operator revised down its 2020 underlying profit after tax to between NZ$210m and NZ$235m from the prior range of NZ$260m and NZ$270m announced last month.“We’ve seen an immediate impact on business travel, and we are now anticipating a rapid downturn in leisure travel in the coming months, as cancellations flow through and demand for bookings continues to soften,” the company said. It said total passengers going through its terminals fell 8.6% in February and international passengers for the first 10 days of March slumped 18% compared with the corresponding period.<br/>