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

AKL Airport CEO Carrie Hurihanganui: There's a number of elements causing the decline in profit

Author
NZ Herald/Newstalk ZB,
Publish Date
Thu, 18 Aug 2022, 8:41PM
Photo / Getty Images
Photo / Getty Images

AKL Airport CEO Carrie Hurihanganui: There's a number of elements causing the decline in profit

Author
NZ Herald/Newstalk ZB,
Publish Date
Thu, 18 Aug 2022, 8:41PM

Auckland International Airport said Covid-19 travel restrictions were responsible for an 80.9 per cent decline in its net profit to $28.1 million for the six months to December 31.

The company, in its earnings outlook for the full year to June 30, said it expects to report a net loss of between $35m and $55m.

Revenue for the six months fell by 64.9 per cent to $131.5m and its operating profit dropped by 68.4 per cent to $88.2m.

The company's earnings per share fell by 84.1 per cent to 1.91 cents.

Auckland Airport said its net underlying loss for the half came to $10.5m.

CEO of Auckland Airport Carrie Hurihanganui joined Heather du Plessis-Allan Drive to discuss its decline in profit.

LISTEN ABOVE

Take your Radio, Podcasts and Music with you