Christchurch Airport delivers higher dividend

Christchurch Airport has released a half-year result which will deliver to the city a higher interim dividend than forecast, from a total operating revenue of NZ$115.5m for the six months to 31 December 2023. Chair of Christchurch International Airport Limited (CIAL) Sarah Ottrey says strong visitor numbers, coupled with the strength of the airport’s commercial tenant portfolio, means the airport can give the city a higher than forecast interim dividend of NZ$19m. She says Christchurch Airport continues to deliver for the city in these challenging economic times through growing dividend returns and the doubling of its value over the past 10 years. ”The return of the airport’s international airlines plus the addition of United Airlines brought hundreds of thousands of visitors, and resulting economic benefit, to the city over summer,” she says. “Our airline partners have shown great confidence in Christchurch, as does United Airlines starting the first direct service between our city and San Francisco. The airline services are a direct result of passengers wanting to come here and it is clear Christchurch as a city is more attractive than ever to visitors.”<br/>