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    AIA   NZAIAE0002S6

AUCKLAND INTERNATIONAL AIRPORT LIMITED

(AIA)
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End-of-day quote New Zealand Stock Exchange  -  2022-06-26
7.280 NZD   -0.61%
06/15Auckland International Airport's Passenger Traffic Rises 4.2% in April
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06/14Auckland International Airport Limited Announces Traffic Results for the Month, Year to Date Ended May 2022 and Rolling 12 Month
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06/14Auckland International Airport Limited Announces Traffic Results for the Month, Year to Date Ended April 2022 and Rolling 12 Month
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Tears and chocolate as New Zealand opens its borders to 60 more countries

05/02/2022 | 02:32am EDT
FILE PHOTO: Emotional scenes at Auckland airport as New Zealand welcomes Australian visitors

WELLINGTON (Reuters) - New Zealand welcomed thousands of travellers from around the globe on Monday as the country opened its borders to visitors from around 60 nations including the United States, Britain and Singapore for the first time since COVID-19 hit in early 2020.

Maori cultural performers sang songs at the arrivals gate in Auckland and travellers were handed popular locally made chocolate bars as the first flights came in from Los Angeles and San Francisco.

Friends and family hugged and cried as people were reunited for what was for some the first time in more than two years.

Garth Halliday, who was waiting at the airport for his son, daughter-in-law and grandson to land from London, told local media it made him happy and emotional to see so many families reunited.

New Zealand had some of the toughest curbs in the world during the pandemic and only recently started to ease the increasingly unpopular measures, hoping to boost tourism and ease labour shortages now the Omicron variant is widespread domestically.

Borders were opened to New Zealanders and Australians in February and March. Now visitors from around 60 visa-waiver countries can enter as long as they are vaccinated and test negative for COVID. There are no requirements for isolation.

New Zealand Prime Minister Jacinda Ardern told attendees at the U.S. Business Summit in Auckland that overseas visitors will really "bring back a piece that has been missing from New Zealand and New Zealanders."

On Monday, 43 international flights were scheduled to arrive or depart from Auckland International Airport carrying around 9,000 passengers.

Air New Zealand Chief Customer and Sales Officer Leanne Geraghty said demand had exceeded expectations with many of the services filling up.

"This is welcome news for the New Zealand tourism industry who has weathered a difficult storm," she said.

Tourists from a number of countries including India and China continue to be barred with restrictions for them not being lifted until October.

(The story is updated to correct day of the week in first paragraph)

(Reporting by Lucy Craymer; Editing by Lincoln Feast)

By Lucy Craymer


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AIR NEW ZEALAND LIMITED 4.63% 0.565 End-of-day quote.-62.58%
AUCKLAND INTERNATIONAL AIRPORT LIMITED -0.61% 7.28 End-of-day quote.-5.45%
MSCI SINGAPORE (GDTR) -0.37% 5420.39 Real-time Quote.-13.34%
All news about AUCKLAND INTERNATIONAL AIRPORT LIMITED
06/15Auckland International Airport's Passenger Traffic Rises 4.2% in April
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05/02Tears and chocolate as New Zealand opens its borders to 60 more countries
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Financials
Sales 2022 296 M 187 M 187 M
Net income 2022 107 M 67,7 M 67,7 M
Net Debt 2022 1 492 M 943 M 943 M
P/E ratio 2022 118x
Yield 2022 -
Capitalization 10 721 M 6 777 M 6 777 M
EV / Sales 2022 41,2x
EV / Sales 2023 21,4x
Nbr of Employees 441
Free-Float 81,9%
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Mean consensus HOLD
Number of Analysts 10
Last Close Price 7,28 NZD
Average target price 7,43 NZD
Spread / Average Target 2,01%
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Managers and Directors
Carrie Hurihanganui Chief Executive Officer
Phil Neutze Manager-Business Intelligence
Patrick Clifford Strange Chairman
Jonathan Good General Manager-Technology & Marketing
Anna Cassels-Brown General Manager-Operations