Queenstown Airport revenue declines 53% in six months to 31-Dec-2020

    Queenstown Airport stated (17-Feb-2021) its revenue declined 53% year-on-year within its interim results for the six months to 31-Dec-2020, reflecting the impact of coronavirus on business and the region. There was a sharp decline in passenger movements at the airport, which led to the company’s aeronautical and commercial revenue decreasing by 56% and 58% respectively. Reported net profit after tax was down 80% to NZD2.2 million (USD1.6 million), compared to NZD10.8 million (USD7.8 million) in the same period last year. EBITDA decreased by 56% from NZD20.4 million (USD14.7 million) to NZD9 million (USD6.5 million).

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