Commission releases final report on Wellington Airport

Issued 30 June 2015

Commission releases final report on Wellington Airport’s revised pricing

The Commerce Commission has today released its final report confirming Wellington International Airport Limited (WIAL) is targeting returns for the period from 1 June 2014 to 31 March 2019 that fall within the estimated range of acceptable returns.

WIAL revised its landing fees after the Commission reviewed its performance under section 56G of the Commerce Act in 2013. The review found the airport was targeting excessive profits.

As noted in the draft report released in April, the Commission’s analysis estimates WIAL has set its prices targeting a return of 8.4%, which is just within the upper limit of an acceptable range of 7.4% to 8.4%.

Deputy Commissioner Sue Begg welcomed WIAL’s response to the Commission’s section 56G report.

“Wellington Airport’s response to our report and its willingness to engage with us through information disclosure regulation has been very positive. We estimate that consumers will now be $33 million better off over a three year period as a result of this process.”

The Commission received four submissions on its draft analysis. These submissions have been taken into account and responded to in the final report released today.

Further information, including the submissions received and a copy of the final report, can be found here.
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