Auckland International Airport Ltd
AIA: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$4.70 | Zdfh | Gdfrqbkx |
Auckland International Airport Earnings: Passenger Growth Lifting All Segments
The ongoing passenger recovery for wide-moat Auckland International Airport and higher regulated aeronautical pricing contributed to revenue uplifts for the December half across all segments including airfield income passenger service charges, retail income, car parking, and investment property-related income. Revenue rose 53% against the first half of fiscal 2023. While increased activity pushed up operating expenses, these rose a lesser 32%, resulting in earnings up 64% (before interest, tax, depreciation, fair value movements, and investments in associates).