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Auckland International Airport Limited ( (ACKDF) ) has shared an update.
In December 2024, Auckland International Airport saw a notable increase in international passenger movements, reaching 1,028,000, up 6% from the previous year and marking the highest monthly total since January 2020. This growth reflects a recovery to 93% of pre-COVID levels, particularly driven by a rise in Australian and New Zealand passport holders, as well as significant increases in North American and European travelers. Despite a slight decrease in airline seat capacity, load factors improved substantially across several routes, indicating efficient use of available resources. Domestic passenger numbers remained stable, with slight growth in jet route travelers, while Queenstown Airport reported an 11% increase in international passenger numbers, highlighting a positive trend in regional air travel. These developments suggest a robust recovery trajectory for Auckland Airport, strengthening its position in the post-pandemic aviation market.
More about Auckland International Airport Limited
Auckland International Airport Limited (AIAL) operates in the aviation industry, primarily focusing on managing and facilitating domestic and international air travel through Auckland Airport, New Zealand’s largest and busiest airport. The company is a key player in the region, serving as a major gateway for passengers traveling to and from New Zealand, with a particular emphasis on handling passenger movements and airfield operations.
YTD Price Performance: -7.88%
Average Trading Volume: 6,345
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $7.89B
See more insights into ACKDF stock on TipRanks’ Stock Analysis page.
