The big 4 airports have operating margins of something like 40-50% The ACCC found that their parking margins are over 70%. That's what happens with these monopoly businesses.....CBR is private so I don't know its operating margins but I doubt they are doing much worse than the others. If QF had profit margins of that size it would be making $4-5 billion profits.
Consider the following P/E ratios for ASX50 companies:
SYD airport: 44.7
CSL: 39.4
WES: 33.5
BHP: 31.5
IAG: 19.2
MQG: 15
RIO: 13.8
CBA: 12.3
QAN: 12
VAH (not ASX50) :not much...
Maybe the airlines think there should be a little more publicity around the massive profit margins of major AUS airports, paid for by the airlines and passengers?
Last edited by Tuner 2; 18th May 2018 at 09:50.