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.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Statistics: Weekly Earnings Rise As More In Full-time Employment

Median weekly earnings from wages and salaries rose by 8.8 percent to $1,189 in the year to the June 2022 quarter, Stats NZ said today... More>>

Bell Gully: Uncertainty Ahead With New Unconscionable Conduct Legislation

new prohibition against ‘unconscionable conduct’ in trade is one of a number of changes to the Fair Trading Act 1986 that come into force from 16 August 2022. The new prohibition may have wide-ranging implications for many businesses... More>>

Statistics: Food Prices Increase 7.4 Percent Annually
Food prices were 7.4 percent higher in July 2022 compared with July 2021, Stats NZ said today... More>>

Westpac: Economic Overview, August 2022 – Pushing Through

The New Zealand economy faces some lean growth in the year ahead as households’ budgets are squeezed, according to Westpac’s latest Economic Overview... More>>

Kiwi Group Holdings: Fisher Funds Acquires Kiwi Wealth Business

Kiwi Group Holdings Limited (KGHL) today announced the sale of Kiwi Wealth to Fisher Funds for NZ$310 million... More>>

Retail NZ: Welcomes Return Of Cruise Ships

“Cruise visitors were big spenders in retail prior to COVID-19, and retailers in Auckland will be celebrating the arrival of P&O’s Pacific Explorer this morning... More>>