ZB ZB
Opinion
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

Auckland Airport targets excess profits for "second period running"

Author
Newstalk ZB,
Publish Date
Thu, 18 Jul 2024, 10:56am
(Getty Images)
(Getty Images)

Auckland Airport targets excess profits for "second period running"

Author
Newstalk ZB,
Publish Date
Thu, 18 Jul 2024, 10:56am

Auckland Airport is being urged to be responsible with its charging of airlines. 

A Commerce Commission draft investigation has found the airport's planned expansion is justified, and some price increases are necessary to fund the investment. 

However, it found the organisation's targeted returns from airlines is around $200 million over what's reasonable. 

It found that travellers would most likely bear much of that cost. 

Board of Airline Representatives Executive Director Cath O’Brien told Ryan Bridge that this is the second period in a row where Auckland Airport has been found to be targeting excess profits. 

She said that they’re targeting a return of 8.73% on aeronautical caps, against the Commission midpoint of 6.98%. 

LISTEN ABOVE 

Take your Radio, Podcasts and Music with you