Earnings Alerts

Auckland Intl Airport (AIA) Earnings: August Passenger Traffic Drops 1% Y/Y

By September 16, 2024 No Comments
  • August Passenger Count: Auckland Airport saw a 1% drop in total passengers compared to the same month last year.
  • Year-To-Date Passenger Increase: Despite the downturn in August, the total passengers for the year till date are up by 2% compared to last year.
  • Domestic Passenger Decline: Domestic passengers for the year till date have decreased by 1% compared to the previous year.
  • Analyst Ratings: Market analysts have mixed opinions on Auckland Airport, with 4 suggesting buys, 7 recommending holds, and 1 advising to sell.

Auckland Intl Airport on Smartkarma

Smartkarma, an independent investment research network, hosts top analysts like Sumeet Singh who recently published a bullish insight on Auckland Intl Airport. In his report titled “Auckland Airport Possible Placement – Getting Closer to a US$800m Cleanup,” Singh discusses the potential transfer of Auckland City Council’s remaining 11% stake in the airport to a future fund. This move follows the council’s previous sale of around 7% stake for US$320m a year ago. The report delves into the details of this possible placement and explores the deal dynamics surrounding it.


A look at Auckland Intl Airport Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth2
Resilience4
Momentum3
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts assessing Auckland Intl Airport see a promising long-term future ahead. The company’s Smart Scores indicate a balanced performance across key factors. While the Value score sits at a moderate level, the Resilience score stands out, reflecting the company’s ability to weather challenges effectively. Additionally, with decent scores for Momentum and Growth, there are indications of stable performance and potential for expansion in the future. The Dividend score, though not the highest, suggests the company’s capacity to provide returns to investors over time.

Auckland International Airport Limited, the owner and operator of the Auckland International Airport, holds a strategic position with its critical infrastructure. With a single runway and multiple terminals catering to domestic and international flights, the company also offers various commercial services, including airfreight operations and car rental facilities. Its diverse portfolio, including commercial banking and office facilities, provides a foundation for steady growth and resilience in the face of market fluctuations.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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