Christchurch Airport profit flies high
The country's second biggest airport has posted a record profit on the back of higher passenger numbers and new services.
Christchurch Airport, New Zealand's second largest, has reported a record profit for the 12 months ended June, driven by increased passenger numbers and new services. The airport's CEO, Justin Watson, credited strong growth across the business, successful investments, and improved customer experience for the impressive results. Despite challenging conditions in the aviation industry, including aircraft and engine shortages, fuel price uncertainty, and geopolitical disruption, Watson said the diversified business provided stability and supported growth in aviation and commercial activities.
Passenger numbers surged by 7 percent to 6.8 million, with international travelers rising nearly 13 percent to over 1.7 million. The airport anticipates a busy summer season, with added services to destinations such as Singapore, Australia, Japan, the Pacific, and the United States. Recent upgrades include a revamped terminal, a new freight hub, and a solar farm nearing completion on airport land.
As a joint venture between the Christchurch City Council and the Crown, the airport delivered an additional $51.5 million in dividends. Watson emphasized that the airport's achievements mark a stronger facility capable of continuing to invest in what truly matters to customers, the city, and the South Island.
Written by urgent.news from RNZ Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
