Wellington Airport Releases Financial Results
Wellington Airport has today announced its financial results for the 12 months to 31 March 2025, highlighted by solid earnings and the commencement of transformational upgrades.
International passenger volume growth of 7.4% underpinned the strong performance despite a slight reduction in domestic passengers relating to airline fleet availability issues which have constrained capacity across the network.
In this period the airport hosted 5.3 million passengers, a slight decrease from last year's 5.4 million, and achieved a net profit after tax of $25.8 million.
Strong performance across all areas of the business produced an EBITDAF of $130.2 million, up from last year's $107.1 million.
Wellington Airport chief executive Matt Clarke comments:
'We are pleased with the year's results given some well-known headwinds, most notably domestic fleet availability issues which worsened this year and are expected to remain a challenge for the next 12 months.
'The last year has seen many milestones for Wellington Airport as we've worked carefully with our airline partners to confirm our infrastructure development programme for the next five years.
'The signs of this plan taking shape are visible all around the airport, including the terminal and retail improvements underway, newly opened carpark, runway upgrades in progress, the new Airport Fire Station getting its finishing touches and our stunning new brand.
'Winning the 'Airport of the Year' award was a fitting end to 2024, but the best is yet to come.'
Other highlights from the 2024/25 financial year include:
New brand launched
37% increase in seats operated to Brisbane
First Sustainable Aviation Fuel (SAF) shipment received
Number one for overall customer satisfaction amongst Australasian airports in ASQ survey's last two quarters
Achieved Level 4+ Airport Carbon Accreditation
20th anniversary of Wellington Airport Regional Community Awards
Celebrated our 65th anniversary
Winner of 2024 Airport of the Year award – NZ Airports (large category)
Notes
Last year's NPAT loss was impacted by the Government's removal of tax depreciation on commercial buildings which had a one-off impact on Wellington Airport alongside many other New Zealand businesses.
Aeronautical revenue has increased due to entering a new pricing period (PSE5). Airline charges are set in five-year periods after consultation with our airline customers and are reviewed by the Commerce Commission.
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