Queenstown Airport Corporation (QAC) has declared a $7.22 million interim dividend for its shareholders, following a strong start to the financial year. The announcement comes as the airport reported a 9% increase in passenger numbers and a 3% rise in scheduled aircraft movements for the six months ending 31 December 2025. The airport's performance has been bolstered by the appeal of the Southern Lakes region, attracting international visitors, particularly from Australia.
Simon Flood, QAC Chair, highlighted the airport's critical role in supporting New Zealand's tourism sector. "The rise in international passengers is particularly notable," he stated, attributing the growth to increased capacity on trans-Tasman routes by airline partners. The Queenstown Lakes District Council, holding a 75.01% stake in QAC, will receive $5.42 million of the dividend.
The airport's financial results include a revenue of $43.6 million, an EBITDA of $31.2 million, and a net profit after tax of $16.8 million. Chief Executive Shane O’Hare, who joined in September, emphasised the importance of ongoing infrastructure investments outlined in the Queenstown Airport Master Plan. Key projects include upgrades to bathroom facilities, seismic strengthening of the terminal, and the construction of a new office building.
O’Hare noted, "Our capital works programme is gaining considerable momentum," with plans for a new parallel taxiway and improved check-in and baggage-handling facilities well underway. The airport aims to enhance the traveller experience, with architectural firms Warren & Mahoney and Hassell appointed to design terminal extensions
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