Auckland International Airport Ltd
AIA: XNZE (NZL)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
NZD 6.00 | Vsqf | Jfgryzhw |
Auckland Airport Challenged by New Zealand's Ongoing Border Closures, but Long-Term Growth Remains
Business Strategy and Outlook
Auckland Airport is the largest airport in New Zealand. We believe the firm has carved a wide economic moat because it is a near-monopoly operating in a favourable regulatory environment, and we expect good medium-term growth from further airline capacity growth.