BUZZ-ASX-listed shares of Auckland International Airport gain on lowering passenger charges

Reuters
31 Mar
BUZZ-ASX-listed shares of Auckland International Airport gain on lowering passenger charges

** ASX-listed shares of Auckland International Airport AIA.AX rise 3.4% to A$7.520, their highest level since February 19

** Stock set for its strongest session since March 17, 2022

** AIA stock among top gainers in the ASX 200 benchmark index

** Airport operator discounts airline charges for the years 2026 and 2027, in line with the Commerce Commission's report

** Says this will bring targeted return for FY23-FY27 pricing period to 7.82%, within the range found reasonable by the Commission

** Stock down 3.1% YTD, including current session's moves

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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