Auckland Airport has cut its airline charges after the Commerce Commission found the airport’s forecast revenue was “excessive” and its targeted returns were unreasonably high.

In June, the commission said Auckland Airport’s revenue and targeted returns exceeded what was reasonable, but the airport’s planned investment seemed appropriate.

In its final report today, the regulator again said the airport’s forecast investment was within a reasonable range, but said its targeted returns were unreasonably high.

BARNZ Executive Director Cath O'Brien explains how this happened.

LISTEN ABOVE

Auckland Airport has cut its airline charges after the Commerce Commission found the airport’s forecast revenue was “excessive” and its targeted returns were unreasonably high.
In June, the commission said Auckland Airport’s revenue and targeted returns exceeded what was reasonable, but the airport’s planned investment seemed appropriate.
In its final report today, the regulator again said the airport’s forecast investment was within a reasonable range, but said its targeted returns were unreasonably high.
BARNZ Executive Director Cath O'Brien explains how this happened.
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Cath O'Brien: BARNZ Executive Director on Auckland Airport cutting its airline charges after Commerce Commission investigation

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bf276009-d755-442e-b7c2-b2b1007d288a/transcript