25 Oct 2012

Auckland Airport on track for small profit increase

6:01 am on 25 October 2012

Auckland International Airport says it's on track for a small rise in profit but says international passenger movements in the first three months have been flat.

The company is expects a net profit of $143 to $150 million in the year to June 2013, up from $139 million this year.

Shareholders at the annual meeting in Auckland on Wednesday were told that the global shift in visitor numbers has accelerated in the first quarter, and China has edged out Britain as New Zealand's second biggest market.

Chair Joan Withers says passenger numbers from Australia and Asia have grown but the traditional markets - Britain, Europe and the US - have shrunk.

She says more needs to be done to capture more value from Chinese and other Asian visitors.

Ms Withers says as a nation New Zealand needs to understand how best to serve this market and the tourism industry must work collaboratively to segment and target the market.