Infratil statements
March - April
Correction: The stated March figure of 2,431 tonnes excluded a number of ad-hoc freight movements. The correct figure was a pleasing 2,610 tonnes.
In April, Kent International handled 2,205 tonnes of freight, nearly 80% up on the prior year. While this is 18% down on the correct March figure, reflecting lower fresh produce volumes from Africa as the UK and Europe growing season accelerates, it is 79% higher than the same month last year.
The level of freight growth at KIA is generally very strong, given IATA's recently reporting global freight growth of 2.3% for the year ending March 2007.
One particularly notable shipment of freight arrived during the month, when two Atlas Air 747s arrived with racing cars and other equipment belonging to A1GP.
INFRATIL AIRPORTS EUROPE (IAE) 2006-7
IAE's three airports recorded 3.1 million passenger movements and 56,500 tonnes of freight. Management remain focussed on attracting additional carriers and doing so on profitable terms. The European aviation market continues to grow markedly and Infratil remains confident as to its strategic positioning. EBITDA for IAE was a loss of £0.3 million (profit of £0.6 million) while its net contribution was a loss of NZ$20 million ($7million). The results were consistent with forecasts.
Comment by Jes
The acquisition of Manston and Lübeck keeps the group in deficit. I note the use of “profitable terms” and remain sceptical of any Ryanair incursion at Manston; I could be wrong.
Last edited by Jes; 15th May 2007 at 00:28.