Auckland Airport eying a rise in 2011 profits

Auckland AirportThe Auckland Airport has recently said that it is expecting it’s bottom-line to improve for the financial year of 2011 which may go up to $118 million from the earlier $112 million earned in the last year. However, the Airport’s chairman Tony Frankham told the company's annual meeting that the estimates are based on international passenger growth of around 5 per cent, and capital spending of about $85m.

It is to be mentioned here that the estimates do not include yet to be committed property development. 

The Chairman of the company, who will be retiring from the board soon, also said that the company is seeing less signs of turbulence while the major challenges still stand tall in front.

Moreover, he told the media that the company is very much well positioned to take the benefits from the 2011 growth prospects and the benefits will be beyond the operating leverage that the company has been able to set up so far.

There is no denying the fact that the aviation sector is now in a much better position as compared to the last year and with improvement in the global environment it is expected that the coming times will be good for the airport as well.