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Auckland International Airport Ltd (AIA.NZ)

AIA.NZ on New Zealand Stock Exchange

6.48NZD
3 Jul 2020
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Latest Key Developments (Source: Significant Developments)

Auckland Airport Sees NZ$50 Mln-NZ$90 Mln Hit To FY Profit
Wednesday, 1 Jul 2020 

July 1 (Reuters) - Auckland International Airport Ltd ::SEES NET ADVERSE IMPACT OF OTHER SIGNIFICANT ITEMS ON FY REPORTED PROFIT BETWEEN NZ$50 MILLION TO NZ$90 MILLION.NOW PROPOSING TO FURTHER REDUCE STAFFING LEVELS.IN RECENT MONTHS, AUCKLAND AIRPORT REDUCED ITS WORKFORCE BY 25%.  Full Article

Auckland Airport Says Passenger Volumes Fell 94.7% In May
Wednesday, 17 Jun 2020 

June 17 (Reuters) - Auckland International Airport Ltd ::TOTAL PASSENGER VOLUMES DECREASED BY 94.7% IN MAY 2020.APRIL AUCKLAND AIRPORT TOTAL PASSENGER VOLUMES DECREASED BY 97.5% IN APRIL 2020 VERSUS LAST YEAR.CLOSURE OF BORDER FROM MARCH 20 HAD SIGNIFICANT IMPACT ON INTERNATIONAL SERVICES.MAY INTERNATIONAL PASSENGERS (EXCLUDING. TRANSITS) WERE DOWN 98.0%.MAY DOMESTIC PASSENGERS WERE DOWN BY 91.1%.MAY TRANSIT PASSENGERS WERE DOWN 98.3%.APRIL INTERNATIONAL PASSENGERS (EXCLUDING. TRANSITS) WERE DOWN 96.5%.APRIL DOMESTIC PASSENGERS WERE DOWN BY 98.6%.APRIL TRANSIT PASSENGERS WERE DOWN 98.5%.  Full Article

Auckland International Airport Says 20-Days April Data Shows 95.3% Drop In International Passengers
Thursday, 23 Apr 2020 

April 23 (Reuters) - Auckland International Airport Ltd ::NEW DATA FOR MARCH 2020 SHOWS TOTAL PASSENGER NUMBERS WERE DOWN ABOUT 42% ON MARCH 2019 RESULT.NOW OPERATING AT ABOUT 10% OF ITS CAPACITY WITH NO CERTAINTY IN NEAR TERM OF WHEN MARKET WOULD RECOVER.EXPECTS DOWNTURN IN INTERNATIONAL PASSENGER NUMBERS TO CONTINUE.INITIAL DATA FOR INTERNATIONAL PASSENGERS FOR FIRST 20 DAYS OF APRIL SHOWS 95.3% DECLINE ON PCP.FEWER REPATRIATION SERVICES EXPECTED IN WEEKS AHEAD."IN NEAR TERM, RESTART OF OUR BUSINESS IS LIKELY TO BE A MUCH SMALLER, DOMESTIC-FOCUSED OPERATION".WILL CONTINUE TO INCUR SIGNIFICANT COSTS TO RUN AIRPORT OPERATIONS DESPITE FALL IN AIR TRAFFIC & PASSENGER NUMBERS.  Full Article

Auckland International Airport Says Expect Significantly Greater Covid-19 Impacts In April
Thursday, 16 Apr 2020 

April 16 (Reuters) - Auckland International Airport Ltd ::TOTAL PASSENGER VOLUMES DECREASED BY 8.6% IN FEBRUARY 2020.FEBRUARY INTERNATIONAL PASSENGERS WERE DOWN 8.4%.DECLINE IN PASSENGERS FOR FEB REFLECTS INITIAL IMPACT OF COVID-19 ON NZ TRAVEL & TOURISM INDUSTRY.FEB TRANSIT PASSENGERS DOWN 25.3% & DOMESTIC PASSENGERS WERE DOWN BY 7.3%.AUCKLAND AIRPORT TOTAL PASSENGER VOLUMES DECREASED BY 42.0% IN MARCH 2020 VERSUS LAST YEAR.EXPECT SIGNIFICANTLY GREATER COVID-19 IMPACTS IN APRIL WITH NEW ZEALAND IN ALERT LEVEL 4 LOCKDOWN FOR MOST OF MONTH.  Full Article

Auckland Airport Announces Opening Of NZ$200 Mln Share Purchase Plan
Thursday, 9 Apr 2020 

April 9 (Reuters) - Auckland International Airport Ltd ::ANNOUNCES OPENING OF NZ$200 MILLION SHARE PURCHASE PLAN.PRICE OF THESE SHARES NZ$4.66 PER SHARE.  Full Article

Auckland International Airport Says NZ$1,000 Mln Placement Fully Subscribed
Tuesday, 7 Apr 2020 

April 7 (Reuters) - Auckland International Airport Ltd ::AUCKLAND INTERNATIONAL AIRPORT LTD - NZ$1,000 MILLION PLACEMENT FULLY SUBSCRIBED.  Full Article

Auckland International Airport Announces Equity Raise Of Up To NZ$1.2 Billion
Monday, 6 Apr 2020 

April 6 (Reuters) - Auckland International Airport Ltd ::EQUITY RAISE OF UP TO NZ$1.2 BILLION.EXPECTS NEGATIVE IMPACT FROM COVID-19 TO CONTINUE FOR SOME TIME.AUCKLAND AIRPORT UNDERTAKING A NZ$1,000 MILLION FULLY UNDERWRITTEN PLACEMENT & NZ$200 MILLION SHARE PURCHASE PLAN.COVID-19 PANDEMIC HAS HAD A SIGNIFICANT IMPACT ON AUCKLAND AIRPORT'S OPERATIONS.AUCKLAND AIRPORT SECURED SUPPORT FROM LENDERS, INCLUDING COVENANT WAIVERS FROM BANKING GROUP.AUCKLAND AIRPORT ALSO SECURED EXTENSIONS TO BANK FACILITIES DUE TO MATURE BEFORE 31 DEC 2021.REDUCED MAJORITY OF EMPLOYEE PAY TO 80% AND A FOUR DAY WORKING WEEK.IMPLEMENTED SUSPENSION OF BONUSES AND SHORT-TERM INCENTIVES FOR FY20.AUCKLAND AIRPORT IS TARGETING ABOUT 35% REDUCTION ON FY19 OPERATING COSTS.AUCKLAND AIRPORT EXPECTS TO INCUR ABOUT $275 MILLION OF CAPEX BETWEEN APRIL 2020 AND 31 DEC 2021.PLACEMENT TO RAISE NZ$1,000 MILLION UNDERWRITTEN AT FLOOR PRICE OF NZ$4.50/SHARE.  Full Article

Auckland International Airport Proposes To Reduce Hours And Salaries By 20%
Thursday, 26 Mar 2020 

March 26 (Reuters) - Auckland International Airport Ltd ::CONSULTING WITH A LARGE NUMBER OF ITS EMPLOYEES AROUND A PROPOSAL TO REDUCE HOURS AND SALARIES BY 20%.TO SUSPEND SELECTED CAPITAL EXPENDITURE PROJECTS WITH A COMPLETED VALUE OF MORE THAN $2 BILLION.TO SUSPEND SELECTED CAPITAL EXPENDITURE PROJECTS WITH A COMPLETED VALUE OF MORE THAN $2 BILLION.BOARD, CHIEF EXECUTIVE AND LEADERSHIP TEAM HAVE ALREADY AGREED TO REDUCE THEIR REMUNERATION BY 20%.OVER LAST WEEK, CO RELEASED ABOUT 90 FIXED TERM AND INDEPENDENT CONTRACTORS.TO RELEASE ABOUT 90 FIXED TERM AND INDEPENDENT CONTRACTORS.  Full Article

Auckland International Airport Updates On Government Advice Regarding Domestic Travel
Monday, 23 Mar 2020 

March 23 (Reuters) - Auckland International Airport Ltd ::AUCKLAND INTERNATIONAL AIRPORT LTD UPDATES ON GOVERNMENT ADVICE REGARDING DOMESTIC TRAVEL.  Full Article

Auckland International Airport Assesses Impact Of Increased Border Restrictions.
Friday, 20 Mar 2020 

March 20 (Reuters) - Auckland International Airport Ltd ::ASSESSES IMPACT OF INCREASED BORDER RESTRICTIONS..MOVING QUICKLY TO CUT OPERATING COSTS, AND MANAGEMENT IS REVIEWING CAPITAL EXPENDITURE PROGRAMME..  Full Article