Latest with this Airport Stock – Auckland International Airport Limited (ASX: AIA)

Auckland International Airport (ASX: AIA) has experienced a total passenger growth of 4.1% in May 2018. International passengers (excl. Transits) were up 2.0%, while domestic passengers grew by 7.1% compared to May 2017. International passenger growth (excl. Transit) was predominantly driven by additional capacity on the Asia routes (+16,000 seats). Domestic growth was also driven by additional capacity, mainly on the Auckland to Queenstown route (+13,000 seats), as well as strengthening load factors. Queenstown Airport total passengers grew by 18.1% in May 2018 compared to May 2017. The strong growth was driven by an increase in capacity (+28,000 seats) across both its international and domestic networks.

The World Masters Games hosted in Auckland last year also impacted visitor arrival growth from the United States, United Kingdom, Germany and Canada in April 2018. Chinese visitor arrivals grew by 19.6% in April 2018. This growth was supported by continued capacity growth between Auckland and mainland China, i.e., up 10.1% (96,000 seats) in the past 12 months. The Commerce Commission’s sector-wide estimate was based on an analysis of a range of almost entirely overseas based airport companies where it was recognized that Auckland is investing majorly into new infrastructure.

The AIA stock was seen to be trading at $6.370 as at June 26, 2018, before market close, and has seen a price change from $6.780 as at June 26, 2017 to $6.360 as at June 25, 2018.


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