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August 18, 2022

Auckland Airport revenues grow 7% in FY2022

Auckland Airport’s total number of passengers dropped 13% to 5.6 million.

Auckland Airport (AKL) in New Zealand has reported a 7% year-on-year (YOY) increase in revenue to $189.3m (NZD$300.3m) in the last 12 months to 30 June 2022.

The airport’s operating EBITDA fell 16% to $91.1m (NZD$144.5m) in the 2022 financial year months compared with $171.1m (NZD$171.1m) during the same period last year.

Its reported profit after tax slumped 59% to $120.8m (NZD$191.6m) while earnings per share declined 59% to 13.0 cents.

The airport’s net underlying loss after tax stood at $7.31m (NZD$11.6m), while the net underlying loss per share was 0.8 cents.

Auckland Airport has posted a 13% decrease in total passenger volume to 5.6 million.

The airport’s domestic passenger numbers were down 27% to 4.3 million, while international passenger footfall soared 123% to 1.3 million.

Auckland Airport CEO Carrie Hurihanganui said that “although Auckland Airport’s results continued to reflect the impact of the pandemic and the challenging operating conditions of the 2022 financial year, the reopening of the border to Australia in April had marked a turning point in the organisation’s recovery.

“After two years of disruption, careful cost management, and perseverance from the team at Auckland Airport, our recovery is now well underway.”

Auckland Airport concluded a more than $100m (NZD$160m) overhaul of the core roading network in the 2022 financial year.

The airport is also focusing on the development of a $189.1m (NZD$300m) transport hub at the front door of the international terminal.

Furthermore, the airport announced the development of Mānawa Bay, a more than $126m (NZD$200m) premium outlet shopping destination to the east of the precinct.

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