Auckland International Airport Ltd reports passenger growth of 7.1%

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.

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