Auckland International Airport, the country's main gateway, has confirmed it's likely to deliver an underlying net profit of between $160 million and $170 million this financial year, in line with the guidance it gave in August.
Chairman Henry van der Heyden said at the annual meeting in Auckland today, his first address to shareholders, that the result would be broadly in line with the underlying net profit the airport recorded in the June 30, 2104, financial year.
Following a strong financial performance last year which included a $454 million return of capital to shareholders in April, the company said its main focus for this financial year was continuing to implement its business strategy - Faster Higher Stronger. The strategy involves growing travel markets, strengthening its consumer business, being faster and more efficient, and investing for future growth.
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Despite a slower start to passenger growth this year compared with last year, industry feedback suggests this upcoming summer will be one of New Zealand's busiest ever, said chief executive Adrian Littlewood.