The Hawke’s Bay Airport Interim Report for the first half year ending 31 December 2015 has been released with the Airport Company exceeding its projections across passenger numbers, revenue and profitability.
New airline services to the region, combined with increased income from landing charges, car parking and reduced operating costs, all contributed to the continued strong growth of the Company.
The interim report highlights included:
• Passenger numbers for the Half Year were 11.3% above budget at 270,511, an increase of 32,482 passengers or 13.5% over the same period last year
• Total revenue of $2,519,047 was 3.6% above budget with operating expenses 3.2% below budget
• Profit after tax at $645,294 was 1.2% above budget and increased by $23, 809 or 3.8% on the same period last year
• A dividend of $527,371 paid to Shareholders who include; the Crown 50%, Napier City Council 26% and Hastings District Council 24%.
During the Half Year the Airport Company achieved some significant milestones with two new flight services starting in the region and a new café opening.
Jetstar commenced passenger services between Hawke’s Bay and Auckland from 1 December, initially operating three arrivals and three departures a day, while Sounds Air launched its passenger service between Hawke’s Bay and Blenheim in November providing six return flights each week.
The new Kete Kai café operated by Orton Tailored Cuisine opened in October and a new rental car valet and vehicle storage facility was completed making way for the upcoming visitor car parking extension.
Hawke’s Bay Airport Company Chairman Tony Porter said: “With two new airlines commencing services within six weeks of each other it has been a busy and exciting time for the Company. We are delighted that we are experiencing such strong growth and meeting the associated challenges on our infrastructure.”
“The terminal extension together with the development of the car parking facilities and the prospective new Airport entranceway are our next areas of focus to ensure that we can accommodate the forecasted growth in passengers and provide them with a world class experience. The Airport Fire Station is also being developed and we will be looking at ways we can secure more tenants to the Business Park to optimise its value,” added Mr Porter.
To review the Hawke’s Bay Interim Report in full please click HERE