- Auckland Airport’s total passengers in January increased by 3% compared to the previous year.
- International passengers saw a year-over-year increase of 4% in January.
- Domestic passengers rose by 2% compared to January last year.
- Year-to-date total passengers grew by 2% compared to the previous year.
- Year-to-date international passenger numbers were up by 4%, while domestic passengers remained flat.
- International seat capacity declined by 2% in January, yet the average load factor increased by 5 percentage points to 87% due to higher passenger numbers.
- Load factors on routes to China showed the most significant improvement, rising 15 percentage points to 85%.
- North America routes also saw higher load factors, increasing by 6 percentage points to reach 82%.
- International transit passenger movements dropped by 17% due to a shift in airline focus to point-to-point flights.
- Excluding transits, the number of Chinese nationals traveling increased by 20% due to the earlier occurrence of Chinese New Year.
Auckland Intl Airport on Smartkarma
Analysts on Smartkarma are closely watching Auckland Intl Airport as Auckland Council aims to sell its entire stake through a NZ$1.3bn deal. Clarence Chu‘s bullish perspective highlights the positive impact of the cleanup sale, although the 10% stock digestion may pose short-term challenges. Meanwhile, Brian Freitas also shares an optimistic outlook, anticipating index flows and passive buying interest in the wake of the significant offering that includes a 9.71% holding sale and a clean-up trade.
On the other hand, Clarence Chu adopts a bearish stance, emphasizing the potential overhang from Auckland Council’s NZ$1.4bn raising initiative. The stock’s ability to absorb such a large offering, equivalent to 168 days of three-month average daily volume, remains a key concern. Conversely, Sumeet Singh‘s bullish sentiment focuses on the anticipation of another substantial cleanup exercise, following ACC’s previous successful stake sale, as the city council prepares to divest its remaining 11% stake in Auckland Airport.
A look at Auckland Intl Airport Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 2 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Auckland Intl Airport appears to have a positive long-term outlook. With high scores in Resilience and Momentum, the company seems well-positioned to weather challenges and maintain its growth trajectory. While Value, Dividend, and Growth scores are moderate, the strong performance in Resilience and Momentum indicates a robust foundation for future success.
Auckland International Airport Limited, the owner and operator of the Auckland International Airport, boasts a diverse range of facilities and services including airfreight operations, car rentals, commercial banking, and office buildings. This diversity, combined with its solid scores in Resilience and Momentum, suggests that the company is on a path toward sustainable growth and continued success in the aviation industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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