Queenstown Airport profits plummet during turbulent year
A massive 91 per cent drop in net profit reflects a turbulent year for Queenstown Airport Corporation.
The company's annual results for the year ending June 30 underscored the complex and uncertain operating environment created by Covid-19, board chairwoman Adrienne Young-Cooper said.
Total passenger movements (arrivals and departures) were down 29 per cent compared to the year before and 42 per cent compared to the year ended June 30, 2019.
Net profit dropped 91 per cent to $1.6 million from $18m last year and total revenue was down 40 per cent to $27.8m.
No annual divided would be paid to shareholders.
Poll: Is it rude to talk on the phone on a bus?
Buses can be a relaxing way to get home if you have a seat and enough space. However, it can be off-putting when someone is taking a phone call next to you.
Do you think it's inconsiderate for people to have lengthy phone calls on a bus? Vote in the poll, and add your comments below.
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64.6% Yes
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32.9% No
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2.5% Other - I'll share below
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What's your favourite recipe for gooseberry?
Love gooseberries? Share your favourite way to enjoy them. We're looking for our readers' favourite family recipes for this delicious crop. Send yours to mailbox@nzgardener.co.nz, and if we use it in the magazine, you will receive a free copy of our December 2024 issue.
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