Queenstown Airport Posts Strong Interim Results

Queenstown Airport announced its financial results for the first half of the year, declaring a $7.0 million interim dividend, reflecting a solid start.

The interim report released for the six months ending December 31, 2024, highlighted a commendable performance led by Chair Simon Flood, who expressed gratitude towards shareholders for their support. The airport has seen a 6% increase in passenger numbers, totaling 1,343,006. Revenue increased by 22%, and profits rose by 27% compared to the previous year.

Flood commented:

“We are grateful to our shareholders for their ongoing support and, following our first-half results, we are pleased to be able to distribute an interim dividend of $7 million.”

The Queenstown Lakes District Council will receive $5.2 million as a major shareholder.

A Busy Airport

The airport has managed heavy traffic during peak seasons, with operations described as running smoothly. Flood noted the growth in travel demand, particularly strong trans-Tasman flights.

He detailed future plans, emphasizing:

“We will complete the most significant capital investment programme in the airport’s 90-year history.”

Innovative Safety Projects

The airport is currently implementing an innovative EMAS technology, making it the first in Australasia to adopt this safety feature. Flood reiterated:

“We are pleased to report the project is running on time and on budget.”

Commitment to Sustainability

CEO Glen Sowry highlighted their sustainability efforts, which included a 71% reduction in emissions since 2019. He stated:

“Our successful transition to the globally recognized Airport Carbon Accreditation was a highlight of the reporting period.”

Overall, Queenstown Airport’s robust performance emphasizes its integral role in the community and the aviation sector.