Cath O'Brien: Board of Airline Representatives Executive Director on Auckland Airport targeting excess profits
Early Edition with Ryan Bridge · Newstalk ZB
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Auckland Airport is being urged to be responsible with its charging of airlines.
A Commerce Commission draft investigation has found the airport's planned expansion is justified, and some price increases are necessary to fund the investment.
However, it found the organisation's targeted returns from airlines is around $200 million over what's reasonable.
It found that travellers would most likely bear much of that cost.
Board of Airline Representatives Executive Director Cath O’Brien told Ryan Bridge that this is the second period in a row where Auckland Airport has been found to be targeting excess profits.
She said that they’re targeting a return of 8.73% on aeronautical caps, against the Commission midpoint of 6.98%.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.