- Auckland Airport reported a 3% year-over-year decrease in total passengers for March.
- International passengers decreased by 2% compared to the same month last year.
- Domestic passenger numbers dropped by 3% year-over-year in March.
- Despite March declines, year-to-date total passenger numbers grew by 1% compared to the previous year.
- Year-to-date international passenger numbers increased by 3%.
- Year-to-date domestic passenger numbers saw a slight decrease of 1%.
- In March, international passengers excluding transits were recorded at 816,263.
- The number of domestic passengers in March was 765,689.
- International seat capacity fell by 4%, influenced by Air New Zealand suspending its Chicago service and United Airlines ending its Los Angeles route.
- Trans-Tasman capacity also experienced a decline, falling by 6%.
- Regarding stock recommendations: there are 4 buy ratings, 6 hold ratings, and 2 sell ratings.
Auckland Intl Airport on Smartkarma
Analyst coverage on Auckland Intl Airport on Smartkarma reveals key insights from top independent analysts. Clarence Chu‘s report, “Auckland Airport Placement – NZ$1.3bn Cleanup Sale Will Remove the Overhang,” highlights Auckland Council’s plan to raise NZ$1.3bn by selling its stake in AIA NZ. This significant selldown accounts for 10% of shares and 62 days of three-month average daily volume, posing a challenge for the stock. Chu’s analysis delves into the deal dynamics using an ECM framework to assess the impact.
Brian Freitas contributes with his bullish perspective in the report “Auckland Airport (AIA NZ) Placement: Potential Index Flows.” Focusing on the council’s sale of 9.71% of AIA NZ shares, Freitas anticipates a substantial discount in this NZ$1.3bn transaction. With passive investors expected to acquire 15% of the offering, market reactions have been observed, leading to a trading halt for the stock. The report emphasizes the potential index flows resulting from the council’s clean-up trade, shedding light on the implications for investors.
A look at Auckland Intl Airport Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
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
Auckland International Airport Limited, which owns and operates the Auckland International Airport, is positioned well for long-term success based on its Smartkarma Smart Scores. With solid scores in Growth, Resilience, and Momentum, the company shows promising signs of future development and stability. A high Growth score indicates potential for expansion and increasing revenues, while a strong Resilience score suggests the ability to weather economic uncertainties. Additionally, a top-notch Momentum score reflects positive market sentiment and investor confidence in the company’s prospects. Although the Value score is decent and the Dividend score is moderate, the overall outlook for Auckland Intl Airport appears bright.
The Auckland International Airport is a key player in the aviation industry, boasting a single runway, an international terminal, and two domestic terminals. Beyond its core operations, the Airport also features commercial facilities such as airfreight operations, car rental services, a commercial banking center, and office buildings. With a strategic focus on growth, resilience, and momentum, Auckland Intl Airport is poised to capitalize on future opportunities and navigate challenges effectively in the dynamic aviation sector.
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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