Auckland Airport lifts profit forecast for fiscal 2023 on demand recovery

Auckland International Airport Thursday raised its profit forecast for fiscal 2023, helped by a better-than-expected rebound in the aviation market. High aircraft load factors and continued strength in forward international seat capacity are expected to fuel the ongoing recovery, New Zealand's biggest airport operator said. Earlier this year New Zealand reopened its borders and loosened restrictions that led to one of the fewest COVID-19 case loads in the world. The country welcomed hundreds of travelers from Australia in early April for the first time since mid-2021.<br/>