Auckland Airport
A gateway airport with aeronautical income, retail, parking and substantial investment property. A major integrated-terminal programme raises capex and financing demands during traffic recovery.
Business at a glance
A gateway airport with aeronautical income, retail, parking and substantial investment property. A major integrated-terminal programme raises capex and financing demands during traffic recovery.
Operating footprint: Auckland International Airport, commercial property and retail portfolio
Managed airports and airport interests
Auckland Airport directly operates Auckland International Airport. Its Queenstown holding is a minority investment in a separate airport company, rather than a second directly managed airport.
Airport codes are IATA unless marked ICAO. Expand a portfolio below to see the airports and the group’s role.
New Zealand · AucklandDirect airport operator
- Auckland International (AKL)
New Zealand · Queenstown24.99% minority airport investment
- Queenstown (ZQN)
Queenstown Airport Corporation independently operates the airport. Queenstown Lakes District Council owns the remaining 75.01%.
Individual airport information
| Airport / code | Country | Reporting period | Passengers | Airport detail |
|---|---|---|---|---|
| Auckland International · AKL | New Zealand | July 2025–June 2026 | 19.04m | Directly operated airport; FY2026 |
| Queenstown · ZQN | New Zealand | July 2025–June 2026 | 2,822,143 | 24.99% minority interest · 19,678 scheduled aircraft movements |
Separately reported airport financials
Queenstown · ZQN
Revenue 87.1; EBITDA 61.8; reported net profit after tax 9.1; underlying net profit after tax 34.0. These are Queenstown Airport Corporation’s standalone results.
Queenstown traffic describes the whole airport, not 24.99% of its passengers. Queenstown’s standalone figures are shown separately; they are not added to Auckland’s airport traffic or treated as Auckland’s own operating revenue.
Portfolio research checked 30 September 2026. An unavailable airport metric is left unreported; group financials are not allocated by passenger share.
Key operating and financial figures
Source: Auckland FY2026 results. Currency and non-GAAP definitions follow the operator’s release.
Performance over time
Financial years · year ended 30 June
Auckland Airport passenger traffic and consolidated group financial results, including the airport’s property activities.
Passengers
Reported revenue
EBITDAFI
Underlying net profit / (loss)
Charts use annual results. Gaps indicate unavailable values; the table shows the annual series.
Full-year history
Read across the years to compare traffic, income and the economics of the airport business. Scroll horizontally on smaller screens.
| Indicator / unit | 2021/22 | 2022/23 | 2023/24 | 2024/25 | 2025/26 |
|---|---|---|---|---|---|
| Passengersmillion · Traffic | 5.6 | 15.9 | 18.5 | 18.7 | 19.0 |
| Traffic growth, calculated% · Traffic | — | 183.9 | 16.4 | 1.1 | 1.8 |
| Domestic passengersmillion · Traffic | 4.3 | 8.1 | 8.5 | 8.4 | 8.6 |
| International passengers, including transitmillion · Traffic | 1.3 | 7.8 | 10.1 | 10.3 | 10.5 |
| Reported revenueNZ$m · Financial | 300.3 | 625.9 | 895.5 | 1,004.7 | 1,036.0 |
| EBITDAFINZ$m · Financial | 144.5 | 397.1 | 614.0 | 701.1 | 724.0 |
| Underlying net profit / (loss)NZ$m · Financial | -11.6 | 148.1 | 276.6 | 310.4 | 309.0 |
Traffic growth is calculated from consecutive years in the traffic series above and may differ slightly from growth rates published using unrounded or adjusted figures. The first year has no preceding year in this table.
What the numbers say
The return of international airlines rebuilt Auckland’s traffic and earnings after 2021/22. Passenger growth slowed in the later years, while revenue and EBITDAFI continued to improve.
Underlying net profit was broadly flat in 2025/26 despite higher EBITDAFI. This illustrates why financing, depreciation and the infrastructure programme matter alongside airport operating performance.
Historical sources and comparability
- EBITDAFI means earnings before interest, tax, depreciation, fair-value adjustments and investment-property disposals. It is not interchangeable with every operator’s EBITDA definition.
- Reported revenue includes interest income where presented by the company, including NZ$31.8m in 2024/25 and NZ$10m in 2025/26. Revenue per passenger is not calculated. Rounded domestic and international figures may not sum to the independently rounded total.
- Annual history is separate from the latest interim or rolling-period snapshot. Operator definitions and reporting perimeters differ, so these profiles are not a like-for-like league table.
What drives the airport business
Separate international and domestic traffic trends.
Track commercial income and property rent alongside passenger yield.
Assess terminal investment and regulated returns against debt capacity.
Source and method
This profile uses the operator’s own published figures. Group metrics are not assigned to an individual airport. Passenger volume is an activity measure, not revenue; construction-accounting and adjusted-profit labels follow the source. Where a comparable financial measure is not publicly available, it is not estimated.
Read the official Auckland FY2026 results ↗