MEDIA RELEASE

4 October 2001

Airport dividend $12 million for Auckland City

The financial performance of Auckland International Airport Ltd has been very positive over the last financial year, Auckland City Council’s Investments Committee learned today.

Investments Committee Chairman Vern Walsh said the company produced a record revenue of $189.4m, up 11.4 per cent on the previous year.

“This is an excellent result for Auckland City ratepayers,” Mr Walsh said.

“Auckland City Council, which owns 25.8 per cent of the company, will receive a total dividend payout for the year of $12.17m”.

The biggest increases in revenue were due to increased passenger numbers and higher than average retail spending at the airport’s shops.

“Total passenger numbers increased by 5.2 per cent over the previous year while total visitor arrivals to New Zealand were up 11.5 per cent, to 1.88 million,” Mr Walsh said.

“With the expected further increase in visitor numbers to this country over the coming years, the prospects for Auckland Airport are very good.”

For further information, contact:
Vern Walsh on 626 5492 or 021 770 283.

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