Australian (ASX) Stock Market Forum

AIA - Auckland International Airport

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I would think most of their revenues came from international travel ?

Auckland International Airport Limited (AIA), has been on my radar but hasn't prompted me to buy despite the bounce because only Domestic is opening up and I don't know if that'll have much impact in terms of numbers.
 
It does. AU is also far & away its biggest international customer accounting for about half its passengers - this is literally on wikipedia.

There's already talk of a travel "bubble" between AU & NZ and I fully expect that to happen.

I bought yesterday at about 11am. Timed it perfectly.
 
AIA "popped" out of it's latest trading range on talk of a Trans-Tasman bubble before Christmas. (AIZ, QAN, FLT, WEB also)

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Dona Ferentes said:
Corona... temporary..
Monopoly... forever.
Click to expand...

Dead right @Dona Ferentes

It will be decades before they even think of opening another airport in Auckland. There have been murmurings about opening another domestic air port for years but nothing serious has ever come of it. Location would probably be Dairy flat airfield, North shore if they ever do it and that would only be a portion of domestic travel. They already do flights to gulf islands and up north from there. Won't happen any time soon though and AIA could potentially acquire and expand there itself.

Debt levels are good, nice moat, dividends will come back in the next 2-5 years as air traffic returns. NZ has handled Corona well and will be a desirable tourist location once more.

The travel bubble Winston Peters is suggested day or so ago will be the catalyst needed to see a sustained price appreciation. He was saying it could be a matter of two weeks from now.....but watch out the elections are about and he could be posturing Winnie is a sly silver fox of a Poli (I may even vote for him just for the entertainment he provides my country.) So this pop could be a case of buy the rumour......

Winston Peters announces travel bubble as soon as two weeks time. Source NZ herald

AIA would make a savvy long term investment as the risk to reward is highly skewed positive imo, with capital gains and a solid potential dividend yield on the table.
 
on a down day AIA is up ~1.5% after the release of the - 2020 Annual Meeting: Chair and Chief, Executive’s addresses

Their recovery looks good on the chart and I entered early October. The $7 resistance level appears to be significant and hopefully we can test that again soon

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Interesting spike in the price of AIA today. Up 6% on the same day there's news of a takeover offer for SYD.
 
.... now SYD looks to be going to Big Super, AIA could be one of the few listed opportunities in this space.

Auckland Airport said on 25 Jan that it would delay introducing a new 5-year fee structure for airlines, which was due to come into effect in July, by 12 months due to “continued uncertainty in the aviation market”.

The airport will freeze prices for the 2023 financial year, and consult airlines before altering fees for the 2024 financial year.

The airport’s total passenger numbers were down by 40 per cent in December compared with a year earlier due to ongoing restrictions on travel to New Zealand. Passenger travel during the month is still 82 per cent lower than December 2018.

.... It will probably be a good hold, Covid notwithstanding. Onerous testing and quarantine rules have been one of the biggest barriers to the resumption of international travel. The conniptions in early 2020, from above $9 to under $5.00, have quietened down and trading is around $7, up and down, as we'd expect.
 
wouldn't IFT be a better bet ??

( i do NOT hold IFT or AIA , but have held SYD in the past )

DYOR

PS i am patiently waiting for a graceful exit from AIZ
 
In a Trading Halt, pending a further announcement.

An easy target for a takeover?

AIA has been clawing its way back from the COVID interruption, (and a timely capital infusion in 2020)

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peter2 said:
Interesting spike in the price of AIA today. Up 6% on the same day there's news of a takeover offer for SYD.
Click to expand...
now SYD has gone private, AIA would be one of the few sectoral exposures for insto's. An annuity
Screenshot_20240222-132306_CommSec.jpg


.. financial results for the six months to 31 December 2023.

Auckland Airport Chair Patrick Strange said: “Global demand for travel saw Auckland Airport deliver a solid result in the first half of the 2024 financial year, with continued growth in our international network as airlines expanded capacity and new entrants joined the market. North America has been a particular highlight, where more people are now travelling to and from Auckland than ever before. While the outlook continues to remain positive, we may see the rate of growth slow over the second half of the financial year as the local aviation industry faces into economic headwinds.”
.
Key performance data for the six months to 31 December 2023:
• Total number of passengers 9.3 million
• Domestic passengers of 4.3 million, and international passengers (including transits) of 5.0 million
• Revenue of $440.5 million
• Operating EBITDAFI of $310.2 million
• Reported profit after tax of $118.7 million
• Earnings per share of 8.05 cents
• Net underlying profit after tax of $145.7 million
• Net underlying profit per share of 9.89 cents
• An interim dividend of 6.75 cents per share will be paid

*NZD
 
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