Christchurch Airport is reporting an increased interim result,
alongside record passenger numbers.
Total operating revenue for the six months to 31 December 2017
was $88.9 million, up $2.4m (2.8%) compared to the same period last
year. Surplus after tax was $19.3 million, up $1.1m (5.8%) compared
to the same period last year, allowing the Board to declare an
interim dividend of $17.4 million, up $1 million (5.8%) on the same
period last year.
Aeronautical revenue was $40.4 million, down 5%. Lower regulated
returns on charges to airlines (as permitted by the Commerce
Commission) drove this reduction and new airline pricing took
effect from 1 July 17.
Non-aeronautical revenue was $48.5 million, up 10.3%, driven by
record passengers spending in the terminal and new revenue streams
from the on-going property development programme.
In spite of record passenger numbers, improved productivity
lifted the net surplus up 5.8% compared to the same period last
The six-month period saw total passenger movements increase by
168,021 (5.2%) to 3.41 million. Domestic passengers up 5.1% to 2.56
million and international passengers up 5.6% to 850,000.
December 2017 was the busiest single month on record, with
638,043 passengers passing through the airport. This was followed
by a new all-time record for international passengers in a single
month in January 2018, with a 6.8% year on year increase to
This reflects strong increases from key markets such as
Australia, China, SE Asia and Europe. China was particularly strong
with 30% year on year growth for the six month period July to
December, off the back of China Southern Airlines moving to daily
services over summer and Cathay Pacific operating its inaugural
summer services between Hong Kong and the South Island.
Summer 2017/18 has been very strong for the South Island's main
gateway, particularly for international airline passengers. That
has put Christchurch Airport on track (barring unforeseen events)
to set a new annual passenger record for the third year in a row -
likely to be somewhere around seven million passengers.