Clouds Gather Over Auckland Intl Airport as Airlines Up Fares -- Market Talk

Dow Jones
Yesterday

2141 GMT - Passenger movements through Auckland International Airport were solid in February but Jefferies is alert to potential turbulence from here. Total passenger volumes rose by 5.0% last month compared to a year earlier. Throughput is now at 92.2% of pre-Covid levels. "We see downside earnings risks emerging as airlines raise fares and reduce capacity in response to higher fuel prices driven by the Middle East conflict," analyst Amit Kanwatia says. Jefferies looks to Auckland International Airport's experience in 2011-2014 when fuel costs jumped. Then, volume growth was less affected as airlines continued to add capacity. "However, we expect a greater impact in the current cycle, given the New Zealand economic recovery has only recently begun," Jefferies says. It retains a hold call on Auckland International Airport. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

March 16, 2026 17:41 ET (21:41 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10