Scoop has an Ethical Paywall
Auckland Airport is targeting profits above normal level
Media release
31 July
2013
Commerce Commission finds Auckland Airport is targeting profits above normal level
The Commerce Commission has today released its final report on Auckland Airport (AIAL) to the Ministers of Commerce and Transport.
Air New Zealand is pleased to note the Commerce Commission has recognised AIAL is targeting profits that are above normal returns, calculating the airport will make up to $72 million in excess of Commission guidelines on normal profits in its next pricing period.
The Commission also notes an airport consistently targeting and making profits at this extreme end of returns would be cause for concern.
Air New Zealand maintains that excess profits gained via high airport charges ultimately cost the passenger more through increased airfares and unnecessarily constrains air travel for the public on all airlines.
ENDS
John Mazenier: Gaffer Tape And Glue Delivering New Zealand’s Mission Critical Services
Earthquake Commission: Ivan Skinner Award Winner Inspired By Real-life Earthquake Experience
Reserve Bank: Consultation Opens On A Digital Currency For New Zealand
NIWA: Ship Anchors May Cause Extensive And Long-lasting Damage To The Seafloor, According To New Research
New Zealand Customs Service: A Step Forward For Simpler Trade Between New Zealand And Singapore
Horizon Research: 68% Say Make Banks Offer Fraud Protection
