Business
Auckland Airport posts 80 per cent fall in profit, doesn’t expect a trans-Tasman bubble by June 30 – Stuff.co.nz
The airport’s profit has fallen 80 per cent as international passenger numbers drop by around 97 per cent.
Auckland International Airport has posted an after tax profit of $28 million for the six months to December, and is forecasting a full year loss of up to $55m as hopes of a Tasman bubble before July fade.
The interim profit is an 80 per cent reduction on the previous year. When allowing for adjustments, including removing property value increases due to annual volatility, the company made a net underlying loss after tax of $10.5m.
Auckland Airport chief executive Adrian Littlewood said it was…
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