Auckland International Airport Ltd reports passenger growth of 7.1%

Auckland International Airport Ltd (ASX:AIA) has reported its monthly passenger update.

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Auckland International Airport Ltd (ASX: AIA) has reported its monthly passenger update for February 2018. The company operates the main gateway into New Zealand.

In the update the company said that total passenger growth was 7.1% compared to February 2017. A total of 1.689 million passengers went through Auckland Airport during the month.

International passengers increased by 6.3%, helped by a large increase in Chinese passenger arrivals. The later timing of the Chinese New Year resulted in a 92.1% increase compared to last year. Management said that the combined January and February arrivals were up 19.1% compared to the same months last year.

Other highlights included US passenger growth of 6.1%, Japanese passenger growth of 3.5% and Korean growth of 3%. However, UK passengers declined by 4.7% and Australian passengers declined by 0.9%.

In February 2018 Emirates announced a new daily service from Dubai to Auckland via Bali. A new direct service to Taipei was announced by Air New Zealand Limited (ASX: AIZ) which will add 95,000 additional seats to the route every year.

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 Scott Phillips.

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