Improved financial performance for Dunedin Int Airport
Dunedin International Airport
Limited
- media
release, 5th March
2013
Improved
financial performance for Dunedin International
Airport
Dunedin
International Airport Limited (DIAL) has delivered improved
revenue and an increased operating surplus over the six
months ending 31 December 2012, despite what the company
describes as on-going challenges resulting from the
economic, regulatory and competitive
environment.
Chairman, Mr Stuart McLauchlan says, “the company's improved financial performance has come from increased revenues and prudent management of expenses”.
Gross revenue totalled $5,943,396, compared to $4,791,134 for the same period in 2011, while the operating surplus was $1,413,344 after taxation compared to $493,156 for the same period in 2011.
In his report for the first six months of the 2012-13 financial year, Mr McLauchlan says this positive performance sits against the backdrop of the on-going impact of the Christchurch earthquakes. This affects both business and leisure traffic and was the main contributor to a reduction of 2% in domestic seat capacity and 0.8% in domestic passengers numbers.
International capacity and passengers by contrast increased by 8% and 3.9% respectively. Despite negative growth in Australian visitors to New Zealand, it is encouraging that Dunedin International Airport is experiencing increases in Australian and other overseas residents arriving or departing on our international services. Overseas residents make up 51% of the total number of our international passengers.
Total passenger movements of 434,797 represented a 0.4% decrease on the 436,578 movements during the same period in 2011. There were 399,415 domestic passenger movements, a 0.8% decrease, while international passenger movements increased by 4% to 35,382.
While aeronautical income was 1.6% below budget, non-aeronautical income was 8.2% above budget following increases in terminal concession fees and rentals. Car park revenue continues to be a positive contributor.
Expenditure for the six months of $3,963,685 was 3.5% lower than the $4,106,195 recorded in 2011.
A dividend of $660,000 was paid to shareholders - the Crown and Dunedin City Holdings Ltd - in November 2012. End.
http://img.scoop.co.nz/media/pdfs/1303/DIAL__interim_report_Dec_2012__full_doc.pdf
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International Airport Limited (DIAL) is a public unlisted
company, established under the Airport Authorities Act 1966,
and incorporated in 1988. It is equally owned by the Crown
and Dunedin City Holdings Ltd, (a company of Dunedin City
Council). DIAL services both the domestic and international
market via Air New Zealand, Jet Star and Virgin airlines and
supports over 850,000 passengers annually. DIAL is a
diversified operation with multiple sources of
non–aeronautical income. It contributes an estimated 1.5%
to the region’s GDP and directly and indirectly, provides
employment for more than 250
people.