Auckland International Airport in New Zealand announced plans to reduce airline passenger fees following a report by the country's competition authority indicating that the airport was overcharging both airlines and travelers. The airport will be lowering passenger charges by approximately 11% on average for regional, domestic jet, and international flights. The Commerce Commission's report revealed that the airport's excess profits from passenger charges amounted to around NZ$190 million, which was higher than the Commission's estimated reasonable return of 7.3% to 7.8%. While the findings aligned with the initial report issued in July the previous year, the regulator criticized the airport operator for setting excessive revenue targets and returns. Despite this, the Commission acknowledged that the airport's investment plans were within acceptable limits. Commissioner Vhari McWha expressed concerns that the price hikes were not justified, emphasizing the need for investments in resilient infrastructure and capacity expansions. Auckland Airport's redevelopment scheme encompasses projects such as a new domestic terminal, airfield expansion, international terminal extensions, and a ground transport hub.
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