Latest news with #AucklandInternationalAirport
Scoop
5 days ago
- General
- Scoop
Boeing 777 Veered Off Auckland Airport Runway Jan 2023
Press Release – Transport Accident Investigation Commission The Transport Accident Investigation Commission (TAIC) has released its final report on the incident on the evening of 27 January 2023 when a Boeing 777 passenger aircraft veered off the runway at Auckland International Airport. The veer-off likely happened because heavy rain contributed to a late transition from autopilot to manual control. Since the incident, the aircraft's operator, Air New Zealand, has amended its operational procedures and information and has provided training to reinforce the technique for smooth transition from autopilot to manual control. 'TAIC welcomes the safety actions taken by the operator and is making no new recommendations,' says TAIC Chief Investigator of Accidents Naveen Kozhuppakalam. The Commission's report describes how the Boeing 777, ZK-OKN was on a scheduled flight from Melbourne to Auckland. On approach to Auckland, it encountered heavy rain and the wind changed in direction and strength. 'The autopilot was disengaged at 67 feet (20 metres) above the runway, when the operator's procedures suggested it occur at 300–600 feet (90–180 m),' said Mr Kozhuppakalam. 'It's very likely there was insufficient time for the pilot to prevent the aircraft drifting away from the centre-line before landing and to stop it veering off the runway after landing.' The pilot regained control, completed the landing, and taxied the aircraft to the airport terminal. There were no injuries. TAIC found that the weather, while inclement, was above the minimum weather requirements throughout the approach and landing. 'This report is a lesson for all aircraft operators to ensure crews know and understand the operator's and aircraft manuals and procedures and are thoroughly briefed.'
Scoop
5 days ago
- Climate
- Scoop
Boeing 777 Veered Off Auckland Airport Runway Jan 2023
The Transport Accident Investigation Commission (TAIC) has released its final report on the incident on the evening of 27 January 2023 when a Boeing 777 passenger aircraft veered off the runway at Auckland International Airport. The veer-off likely happened because heavy rain contributed to a late transition from autopilot to manual control. Since the incident, the aircraft's operator, Air New Zealand, has amended its operational procedures and information and has provided training to reinforce the technique for smooth transition from autopilot to manual control. 'TAIC welcomes the safety actions taken by the operator and is making no new recommendations,' says TAIC Chief Investigator of Accidents Naveen Kozhuppakalam. The Commission's report describes how the Boeing 777, ZK-OKN was on a scheduled flight from Melbourne to Auckland. On approach to Auckland, it encountered heavy rain and the wind changed in direction and strength. 'The autopilot was disengaged at 67 feet (20 metres) above the runway, when the operator's procedures suggested it occur at 300–600 feet (90–180 m),' said Mr Kozhuppakalam. 'It's very likely there was insufficient time for the pilot to prevent the aircraft drifting away from the centre-line before landing and to stop it veering off the runway after landing.' The pilot regained control, completed the landing, and taxied the aircraft to the airport terminal. There were no injuries. TAIC found that the weather, while inclement, was above the minimum weather requirements throughout the approach and landing. 'This report is a lesson for all aircraft operators to ensure crews know and understand the operator's and aircraft manuals and procedures and are thoroughly briefed.'
NZ Herald
13-05-2025
- Business
- NZ Herald
Infinz Awards: Miles Hurrell, Mark Tume recognised for finance leadership
Tourism Holdings won both the Chapman Tripp Excellence in Treasury Award and the Public Trust Debt Deal of the Year Award for a post-acquisition strategy and a $475 million debt syndication, respectively. Auckland International Airport won the PwC NZ Equity Market Transaction Award for a $1.4 billion placement and retail offer, making history as the largest ever secondary capital raising in New Zealand. Fisher & Paykel Healthcare took home the MUFG Pension & Market Services Best Investor Relations Award as voted by equity analysts and fund managers. Independent fuel retailer Nelson Petroleum Distribution won the MinterEllisonRuddWatts M&A Transaction of the Year for a management buyout of the family-owned business. Other winners included QuayStreet Asset Management, which received the Chapman Tripp Diversified Growth Fund Manager Award, Contact Energy (Computershare NZ Debt Market Issue Award), and Summerset Group (Business NZ Corporate ESG Award). One new Infinz Fellow was inducted – Michele Embling, chairwoman of the External Reporting Board and board member for Centre for Sustainable Finance. The 10th Distinguished Fellowship Award was presented to current INFINZ Fellow, Ampol and IAG AU board member and chairman of IAG NZ, Simon Allen.
Yahoo
30-04-2025
- Business
- Yahoo
Investing in Auckland International Airport (NZSE:AIA) five years ago would have delivered you a 38% gain
Auckland International Airport Limited (NZSE:AIA) shareholders might be concerned after seeing the share price drop 12% in the last quarter. Looking further back, the stock has generated good profits over five years. It has returned a market beating 33% in that time. With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. While Auckland International Airport made a small profit, in the last year, we think that the market is probably more focussed on the top line growth at the moment. As a general rule, we think this kind of company is more comparable to loss-making stocks, since the actual profit is so low. For shareholders to have confidence a company will grow profits significantly, it must grow revenue. For the last half decade, Auckland International Airport can boast revenue growth at a rate of 16% per year. That's well above most pre-profit companies. While the compound gain of 6% per year is good, it's not unreasonable given the strong revenue growth. If the strong revenue growth continues, we'd hope to see the share price to follow, in time. Of course, you'll have to research the business more fully to figure out if this is an attractive opportunity. The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image). We consider it positive that insiders have made significant purchases in the last year. Even so, future earnings will be far more important to whether current shareholders make money. So we recommend checking out this free report showing consensus forecasts It is important to consider the total shareholder return, as well as the share price return, for any given stock. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Auckland International Airport the TSR over the last 5 years was 38%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence! Auckland International Airport shareholders are up 1.1% for the year (even including dividends). But that was short of the market average. It's probably a good sign that the company has an even better long term track record, having provided shareholders with an annual TSR of 7% over five years. Maybe the share price is just taking a breather while the business executes on its growth strategy. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Even so, be aware that Auckland International Airport is showing 1 warning sign in our investment analysis , you should know about... If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: most of them are flying under the radar). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on New Zealander exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
30-04-2025
- Business
- Yahoo
Investing in Auckland International Airport (NZSE:AIA) five years ago would have delivered you a 38% gain
Auckland International Airport Limited (NZSE:AIA) shareholders might be concerned after seeing the share price drop 12% in the last quarter. Looking further back, the stock has generated good profits over five years. It has returned a market beating 33% in that time. With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. While Auckland International Airport made a small profit, in the last year, we think that the market is probably more focussed on the top line growth at the moment. As a general rule, we think this kind of company is more comparable to loss-making stocks, since the actual profit is so low. For shareholders to have confidence a company will grow profits significantly, it must grow revenue. For the last half decade, Auckland International Airport can boast revenue growth at a rate of 16% per year. That's well above most pre-profit companies. While the compound gain of 6% per year is good, it's not unreasonable given the strong revenue growth. If the strong revenue growth continues, we'd hope to see the share price to follow, in time. Of course, you'll have to research the business more fully to figure out if this is an attractive opportunity. The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image). We consider it positive that insiders have made significant purchases in the last year. Even so, future earnings will be far more important to whether current shareholders make money. So we recommend checking out this free report showing consensus forecasts It is important to consider the total shareholder return, as well as the share price return, for any given stock. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Auckland International Airport the TSR over the last 5 years was 38%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence! Auckland International Airport shareholders are up 1.1% for the year (even including dividends). But that was short of the market average. It's probably a good sign that the company has an even better long term track record, having provided shareholders with an annual TSR of 7% over five years. Maybe the share price is just taking a breather while the business executes on its growth strategy. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Even so, be aware that Auckland International Airport is showing 1 warning sign in our investment analysis , you should know about... If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: most of them are flying under the radar). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on New Zealander exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
