Auckland International Airport Ltd
AIA: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$1.20 | Cnn | Rrmtkwdht |
Auckland Airport Facing a Challenging Near-Term Environment Due to COVID, but Wide Moat 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.