Photo: Christchurch Airport
A gateway to New Zealand’s South Island, Christchurch recorded revenues of AUD271.2 million in 2024.
Christchurch Airport’s 2024 revenues were up 10 per cent on the previous year with an underlying profit after tax (AUD49.7 million) also up 19 per cent on FY24.
“Our performance shows the strength of our planes, passengers, property and planet strategy,” said the airport’s Chief Executive, Justin Watson. “Despite sector headwinds, we’ve grown passenger numbers, strengthened our balance sheet and advanced our sustainability commitments.”
As the majority (75 percent) shareholder in the airport, Christchurch City Council will receive a AUD 33.5 million dividend from the airport. The remaining AUD11.2 million will be paid to the crown.
While additional capacity from China Southern, Cathay Pacific and Singapore Airlines saw international traffic at the airport grow 11 per cent, while domestic numbers have held steady.
Photo: Christchurch Airport
Board Chair Sarah Ottrey added the airport’s results continue to benefit the whole region.
“We remain one of the most important economic engines for both our city and the South Island,” she said.
The airport’s property portfolio is a cornerstone of financial resilience for the region. Major new developments with engine manufacturer Pratt & Whitney, logistics giant DHL and Christchurch tech firm Enatel are underway on site. Across its activities the airport is supports over 7,000 jobs and 250 businesses.
“We remain one of the most important economic engines for both our city and the South Island,” added Ottrey. “These results show how the airport delivers real value, not just in dividends, but also in jobs, connections and sustainable growth for our communities.”
Construction of Kowhai Park, the airport’s 230-hectare solar farm is due to be complete in Q3, 2026.It will produce the equivalent of enough electricity for 36,000 homes.
