Auckland Airport is targeting profits above normal level

Wednesday, 31 July 2013, 2:52 pm
Press Release: Air New Zealand

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

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