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Old 21st October 2008, 06:42 AM
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Mike W Mike W is offline
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Location: Pymble, NSW
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Default Hamilton Airport Unveils $3.8 million Annual Profit

Is this their last after NZ's announcement re reducing Internation Ops out of HLZ?

http://www.nzherald.co.nz/aviation/n...ectid=10538446

Quote:
11:15AM Monday Oct 20, 2008

International travel is down, but domestic business at Hamilton Airport is up
2008 Financial Results Sealegs says slowdown means it needs more capital
Airways NZ profit lifts to $10.6m Hamilton International Airport has reported an after-tax surplus of $3.8 million for the year to the end of June, up from $2.7 million the year before.

Chairman of airport owner Waikato Regional Airport, Jerry Rickman, said the company had reduced debt during the year from $21.2m to $17.9m from the proceeds of land sales.

Revenue had increased over all key revenue lines with the exception of duty free store concession income. Operating revenues of $7.13m compared to $5.96m the previous year.

Rickman said landing charges were up 33 per cent to $1.7m, car park revenue up 2.9 per cent to $1.5m, with rental income up almost 36 per cent to $1.3m.

Departure fees were up 13 per cent to $1.56m, as the airport achieved record aircraft movements for the year at 148,000, up 24 per cent on 2007.

Rickman last week took a swipe at Air NZ, after it said it would stop flying the Hamilton to Coolangatta and Sydney route from March next year. It also plans to cut its Hamilton-Brisbane flights from three a week to twice weekly.
...goes on
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