Auckland Airport first-half profit falls 5% despite revenue growth
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The news: Auckland Airport reported a 5% decrease in first-half profit after tax of NZD177 million ($149.9 million), compared to NZD187.3 million a year ago.
The numbers: Revenue was 4% higher to NZD519.6 million, driven by increased aeronautical charges, passenger numbers and commercial income.
Net underlying profit was up 6% to NZD157.1 million.
Domestic passenger numbers increased 2% to 4.37 million, while international passengers were up 2% to 5.27 million.
The company declared an interim dividend of 6.50 NZ cents per share, bringing the total dividend declared to NZD110.2 million.
The context: Auckland Airport CEO Carrie Hurihanganui warned that while passenger demand remained positive, ongoing global fleet shortages are likely to weigh on the availability of new seat capacity supply and the pace of growth in the near term.
The company forecasts FY26 underlying profit to be between NZD295 million and NZD320 million, and narrowed its capital expenditure guidance range of NZD1 million to NZD1.2 million.
The source: ASX
