Auckland Airport has posted a net profit after tax of $650.1 million for the financial year.
Total passenger numbers are up 5.7% to 20.5 million.
Chairman Sir Henry van der Heyden says the sale of the North Queensland Airports stake, investment in new transport projects and the roll out of new operations and service initiatives have reinforced the company’s focus on business in New Zealand.
This includes a $2 billion aeronautical infrastructure development programme.
“During 2018, Auckland Airport reached some important milestones in its core aeronautical and infrastructure development programme.
“We completed the first stage of our new international Pier B extension ahead of the 2017 summer peak travel period and fully completed the project in March 2018.
“We also reached 90% completion of our multi-stage redevelopment of the international terminal departure zone which will be largely completed by the end of the calendar year, and completed a wide range of new transport projects to improve the flow of traffic around the airport precinct and support the growth in public transport connectivity to the airport,” van der Heyden says.
Other financial year highlights included investing in new roads, access ways and management systems across the airport precinct for traffic flow and transport.
Auckland Airport also worked with the NZ Transport Agency and Auckland Transport on upgrades to the network for connections to the airport including plans for mass public rapid transit and state highway 20A and 20B upgrades.
