Auckland Airport half year profit plunges 80 per cent

Auckland Airport’s net profit declined by 80.9 per cent for the six months leading up to December 31, NZ Herald reports. The company reported a net profit of $28.1 million for said timeframe, and said Covid-19 travel restrictions were to blame. Auckland Airport, in its earnings outlook for the full year to June 30, also expects to report a net loss of between $35m and $55m. Chair Patrick Strange expressed that the first half of the 2021 financial year had continued to be a challenging time for both the company and the wider aviation industry.