29 Sep 2010

Record passenger numbers boost airport profit

6:21 pm on 29 September 2010

Record passenger numbers have helped to boost underlying profits at Christchurch International Airport.

New Zealand's second largest airport made $26.8 million in the year to June, up from $14.7 million the previous year.

However, once tax adjustments are stripped out, a loss of $260,000 is recorded.

Passenger numbers reached six million for the first time.

Chief executive Jim Boult says the airport has been carefully controlling costs and boosting revenue across the business.

Mr Boult says the Canterbury earthquake on 4 September did not damage a new terminal, which is under construction, but it will affect the project's timeline.

However, he says the one-month delay will not have a significant effect on earnings.

The company will pay a dividend of $15.2 million.