Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Report confirms Auckland Airport prices are acceptable


Commerce Commission confirms Auckland Airport prices are acceptable and regulatory regime is effective.

Auckland Airport says today's final report by the Commerce Commission shows that its international and domestic charges are acceptable, and that New Zealand's information disclosure regime for airports is effective.

Adrian Littlewood, Chief Executive, says, "the Commerce Commission’s final report confirms that our charges represent a fair deal for both airlines and the travelling public, and that our charges provide an acceptable return on the significant investment we are making in essential long-term infrastructure. The Commission has also confirmed that we are innovative and focused on delivering service quality and efficiency.”

"International benchmarking clearly shows that the total charges to operate at Auckland Airport are 'middle of the pack' compared with our peers, and domestically they are below the average for airports in this region."

Mr Littlewood says, "the Commerce Commission's final report is also evidence that New Zealand's information disclosure regime is working, and that Auckland Airport operates transparently and constructively. The Commission has recognised that we have made a number of positive changes to our historic approach to price setting during the short time information disclosure regulation has been in place.”

"The government and the tourism industry have invested significant resources to improve New Zealand’s ability to capture the growing international tourism market. Today's final report shows that Auckland Airport is playing its part to achieve that goal.”

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



Reserve Bank: Monetary Conditions Tighten By More And Sooner

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 2.0 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability... More>>


The Download Weekly: Vodafone FibreX back in court

Vodafone and the Commerce Commission head back to court over FibreX in a week the TCF issues broadband marketing codes that should avoid similar problems in the future... More>>


NIWA: Tonga Eruption Discoveries Defy Expectations
New findings from the record-breaking Tongan volcanic eruption are “surprising and unexpected”, say scientists from New Zealand’s National Institute for Water and Atmospheric Research (NIWA)... More>>


Fonterra: Provides 2022/23 Opening Forecast Farmgate Milk Price & Business Performance Update
Fonterra today announced its 2022/23 opening forecast Farmgate Milk Price and provided an update on its third-quarter performance... More>>


Stats: Quiet Start For Retail In 2022
The volume of retail sales was relatively unchanged in the March 2022 quarter, following a strong increase in the December 2021 quarter, Stats NZ said today... More>>



Finder: RBNZ Survey: 64% Of Experts Say Rising Inflation Will Push More Kiwis Into Debt

Soaring inflation and cost of living pressures will see many households pushed to the financial limit, according to experts... More>>