- Auckland Airport reported a year-on-year (y/y) increase in total passengers by 27% in February.
- International passengers increased y/y by 32%.
- Domestic passengers saw a y/y increase of 20%.
- The year-to-date figures also saw an increase with total passengers increasing y/y by 22%.
- Year-to-date international passengers increased y/y by 40%.
- Year-to-date domestic passengers increased y/y by 7%.
- International passenger numbers on short-haul routes increased by 14%.
- Passengers on long-haul routes saw a significant increase of 59%.
- Domestic passenger numbers increased on 12% more seat capacity compared to February 2023.
- Load factors reached a high of 89%.
- Queenstown Airport also saw an increase in international passenger numbers in February by 5% on the year prior.
- Domestic passengers at Queenstown Airport increased 17% from the previous year.
A look at Auckland Intl Airport Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 2 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
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
According to the Smartkarma Smart Scores, Auckland International Airport is looking at a positive long-term outlook. With an overall score of 3 out of 5, the airport scored well in terms of value, resilience, and momentum. This bodes well for the company’s future performance and growth potential.
As the owner and operator of the Auckland International Airport, the company has a single runway, an international terminal, and two domestic terminals. It also offers various commercial facilities such as airfreight operations, car rental services, and office buildings. This diverse portfolio allows the airport to generate revenue from multiple sources and maintain its resilience, as reflected in its score of 4 out of 5.
While the airport scored lower in terms of dividend and growth, with scores of 2 out of 5, this does not necessarily indicate a negative outlook. With a strong overall score and a diverse range of operations, Auckland International Airport is well-positioned for continued success in the long run.
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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