- Total passenger numbers at Auckland Airport decreased by 4% in February compared to the same month last year.
- There was a 1% year-over-year decrease in international passengers for February.
- Domestic passengers in February dropped by 5% compared to February of the previous year.
- Year-to-date figures show a 2% increase in total passenger numbers compared to the previous year.
- International passengers have risen by 4% on a year-to-date basis.
- There was no change in the year-to-date number of domestic passengers from the previous year.
- February of the previous year had 29 days, affecting the year-over-year comparison.
- On an adjusted basis, international passenger movements have actually increased when considering the difference in days.
- International passenger movements have reached 93% of their pre-Covid levels.
- After adjusting for the difference in days, the decline in domestic passenger movements in February was only 1.6%, with seat capacity remaining the same as last year.
- The investment community provided 4 buy, 6 hold, and 2 sell recommendations regarding Auckland Airport.
Auckland Intl Airport on Smartkarma
Analyst coverage on Auckland Intl Airport is buzzing on Smartkarma, an independent investment research network. Clarence Chu‘s bullish insight titled “Auckland Airport Placement – NZ$1.3bn Cleanup Sale Will Remove the Overhang” delves into the Auckland Council’s plan to sell its entire stake in the airport, raising NZ$1.3bn. Chu highlights the significant impact of this sale on the stock, with 10% of shares outstanding involved. The note evaluates the deal through an ECM framework, providing valuable insights into the deal dynamics.
Meanwhile, Brian Freitas shares a bullish perspective in his report “Auckland Airport (AIA NZ) Placement: Potential Index Flows.” He discusses Auckland Council’s intention to sell its 9.71% holding in Auckland Intl Airport, emphasizing the sizeable NZ$1.3bn deal and the expected index flows. Freitas mentions passive investors’ interest in acquiring around 15% of the offering, anticipating a trading halt and a subsequent lower opening price. The report underscores the significance of passive buying during the settlement of placement shares in absorbing a portion of the offering.
A look at Auckland Intl Airport Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
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 foresee a promising long-term outlook for Auckland International Airport, with a solid Smart Score profile indicating a positive overall outlook. The airport’s high scores in Momentum and Resilience highlight its strong performance and ability to weather market volatility and economic challenges. Additionally, the respectable scores in Value and Growth suggest a balanced approach to investment and potential for future development. While the Dividend score is not as high, the airport’s focus on growth and resilience bodes well for its sustainability and value creation over time.
Auckland International Airport Limited, the owner and operator of Auckland International Airport, boasts a comprehensive infrastructure that includes essential facilities for both domestic and international travel. With a strategic mix of commercial offerings such as airfreight operations, car rental services, and office buildings, the airport serves as a crucial hub for transportation and business activities. This well-rounded business model, combined with its favorable Smart Score ratings, positions Auckland International Airport as a key player in the aviation industry with promising prospects for the future.
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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