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.
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Poll: Is it okay to grocery shop in your PJs?
I'm sure you've seen it while doing your weekly shop... In fact, it may have even been you.
What do you think about people heading to the supermarket in their pyjamas?
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14.5% It's fine!
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75.1% It's questionable
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10.4% Other - I'll share below
Poll: Should employees be able to work from home?
At the post-Cabinet press conference, the National Party asserted they want public sector staff to return to the office. This has opened a conversation about other sectors in New Zealand who have adopted working from home (WFH).
Where possible, do you think employees should be able to work from home? Vote below and share your thoughts in the comments.
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72.1% Yes
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24.7% No
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3.2% Other - I'll share below
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