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Auckland International Airport Limited share price up 1.87% on passenger numbers

The Auckland International Airport Limited (ASX: AIA) share price has risen by 1.87% after it released its passenger numbers for December 2017.

Each month the company releases information of how many passengers have been through the airport. Here are the figures for December 2017 compared to December 2016:

  • Total international passengers up 4.9% to 1.74 million
  • Total domestic passengers up 8.1% to 823,090
  • Total passengers up 6.3% to 1.9 million
  • Chinese passengers up 4.2%
  • South Korean passengers up 16.7%
  • India passengers up 29.1%

The number of passengers is growing at a pleasing rate, particularly from Asian countries.

Auckland Airport is likely to deliver another set of high-flying figures if the increase of passengers turns into similar profit growth for the airport operator.

Philippine Airlines launched a new direct flight between Manila and Auckland, which replaces the indirect flight to Cairns. The airline also changed its aircraft from an A320 to an A340 which increases the capacity by 14,000 seats, representing an increase of 22%.

It’s currently trading with a dividend yield of 3.14%.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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