Queenstown Airport profits plummet during turbulent year
A massive 91 per cent drop in net profit reflects a turbulent year for Queenstown Airport Corporation.
The company's annual results for the year ending June 30 underscored the complex and uncertain operating environment created by Covid-19, board chairwoman Adrienne Young-Cooper said.
Total passenger movements (arrivals and departures) were down 29 per cent compared to the year before and 42 per cent compared to the year ended June 30, 2019.
Net profit dropped 91 per cent to $1.6 million from $18m last year and total revenue was down 40 per cent to $27.8m.
No annual divided would be paid to shareholders.
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Thinking of going duck hunting this year?
Hi neighbours - to those of you taking part in the opening weekend of duck season, or beyond, the team at Te Tari Pūreke – Firearms Safety Authority hope you will stay safe. We’ve got some simple hints, tips and useful links on our hunter safety page.
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Mike McIlraith – Director of Partnerships
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