bullish
Auckland Airport: Strong Aero Repricing
Auckland Airport (AIA) has published very strong aeronautical pricing for the next four years, well above our and market expectations; However, the level of targeted return (~8.7% vs our 7.9% assumption) for PSE4 (price setting event 4 covering FY23-FY27), which drives the pricing decision, risks the Commerce Commission’s (ComCom’s) wrath, when it reviews AIA’s pricing over the next 12 months
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Forsyth Barr
New Zealand Professional Investment Services Firm
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