Auckland Airport is the entry point to New Zealand for more than 75% of all international visitors and is a crucial arrival and departure point for international freight.
Auckland International Airport Limited shares (AIA) are listed on the New Zealand Stock Exchange (NZX) — keep reading for a step-by-step guide on how to invest in AIA shares.
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Auckland Airport is the busiest airport in New Zealand and the third-busiest international airport in Australasia. Some 20.5 million passengers travel through the airport’s terminals each year, while around $15 billion worth of freight passes through Auckland Airport.
First opened in 1966, the airport is located 20km south of the city centre. Its international terminal was opened in 1977 and Auckland Airport now services flights to and from an extensive range of domestic and international destinations.
Auckland International Airport Limited was established in 1988 after the New Zealand Government sold its 51.6% share of the company via a public offer. Ordinary shares in Auckland Airport now trade on both the NZX and the Australian Securities Exchange (ASX).
Like every business in the transport and aviation industry, Auckland Airport was significantly impacted by the COVID-19 pandemic. Its financial results for the 2020 financial year, released in August 2020, revealed a 26.5% drop in passengers (down to 15.5 million) compared to the previous year.
Reported profit after tax dropped 63% to $193.9 million, while revenue also decreased 23.7% to $567 million.
|Name||Auckland International Airport Limited||Industry||Transport & Aviation|
|Type||Ordinary shares||Date listed on NZX||28 Jul 1998|
|End of financial year||June||Chief executive officer||Adrian Littlewood|
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