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.
Become an SPCA Foster Hero!
Kitten season has arrived, and over the next six months, over 8,000 cats and kittens will come into SPCA’s care. Please help us give these babies the best start in life and sign up to be a foster parent today! It's not just cats and kittens - we are also urgently seeking foster homes for dogs and small animals.
Fostering saves lives and helps these tiny babies grow into healthy, well-adjusted adults, ready for adoption. We cover all training and costs. All you need is time and love to spare!
Sign up today and save a life!
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.
Poll: How should Guy Fawkes be celebrated?
While it is a fun occasion, fireworks on Guy Fawkes Night has caused much conflict over the years, upsetting our pets and disrupting the sleep of neighbours.
How should we celebrate Guy Fawkes Night? Vote in our poll and share your thoughts below.
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28.9% With a city-wide public fireworks display
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19.9% Small fireworks displays in each community
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7.3% Keep it as is
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33.5% We shouldn't celebrate it!
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9.9% Anything but fireworks
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0.5% Other - I'll share below
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