- Year-to-date total passenger numbers at Auckland Airport have increased by 1% compared to last year.
- Total passenger numbers for September remain flat year-on-year.
- International passenger numbers have risen by 2% year-on-year.
- Domestic passenger numbers have decreased by 3% year-on-year.
- Year-to-date international passenger numbers have grown by 4%.
- Year-to-date domestic passenger numbers have decreased by 2%.
- No change in international non-transit passenger movements compared to last year, partly due to school holiday schedules starting later in 2024.
- Domestic flight load factors dropped by 3 percentage points in September compared to the same month in 2023, now at 84%.
- The Auckland to Wellington route experienced a significant decline, with 14,000 fewer passengers this year.
- Overall passenger movements for September reached 90% of the pre-COVID levels.
- Domestic flights are operating at 88% of pre-COVID levels.
- International flights are operating at 91% of pre-COVID levels.
- Investment recommendations for Auckland Airport include 5 buys, 5 holds, and 1 sell.
Auckland Intl Airport on Smartkarma
Analysts on Smartkarma are closely following Auckland Intl Airport‘s recent announcements regarding a substantial capital raising. Brian Freitas discusses the detailed plans, including an underwritten placement of NZ$1.2bn and a non-underwritten retail offer intended to secure NZ$200m. He notes that passive trackers are expected to acquire around 13.6% of the placement shares, highlighting the stock’s attractiveness due to trading near the lower end of its historical range.
On the contrary, Clarence Chu takes a bearish stance on Auckland Airport’s significant follow-on offering, aiming to raise NZ$1.4bn. Chu expresses concern over the stock’s ability to absorb the large underwritten placement, constituting 168 days of the three-month average daily volume. Despite this, Sumeet Singh remains optimistic, discussing the implications of Auckland City Council’s potential further divestment of its remaining 11% stake in the airport. Singh provides insights on the dynamics of the probable placement and its impact on the company’s share performance.
A look at Auckland Intl Airport Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 2 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
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
Based on the Smartkarma Smart Scores, Auckland Intl Airport shows a promising long-term outlook. With strong ratings in resilience and momentum, the company appears well-positioned to weather challenges and sustain growth over time. The airport’s ability to adapt to changing conditions and maintain a positive trajectory in terms of market momentum bodes well for its future performance.
Auckland Intl Airport‘s balanced scores across value, dividend, and growth factors indicate a well-rounded approach to financial health and stability. The company’s emphasis on resilience and momentum highlights its capability to navigate fluctuations in the market and capitalize on growth opportunities. Overall, the Smart Scores suggest that Auckland Intl Airport is strategically positioned for long-term success in the aviation industry.
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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