Faster, Higher, Stronger

In May 2018 the Board of directors endorsed a continuation of our 2013 Faster, Higher, Stronger strategy for the next four year period through to 2022. This strategy is centred around creating the airport of the future and is anchored on our ambition to ‘make journeys better’ for all customers and partners of Auckland Airport. The strategy continues to unfold amid a number of challenges and changes including evolving aviation markets, record immigration, a booming tourism industry and delivering complex development projects.

We’re growing travel and trade markets

We have an ambitious and innovative approach to helping New Zealand sustainably unlock growth opportunities in travel, trade and tourism. Growing travel markets with our airline and industry partners makes journeys better by providing customers with greater choice, delivering more convenient flight schedules and by offering better value for money for all customers and partners of Auckland Airport. In addition, new airline routes help grow trade activity by creating more opportunities for businesses to connect with their key customers in global markets.

We’re strengthening our consumer business

We are strengthening and extending our retail, transport and accommodation businesses to ensure we can respond to evolving customer needs. This means we are increasing the range of products and services we provide and making Auckland Airport more appealing to our customers – thereby making their journeys better.

We’re being fast, efficient and effective

We are improving our performance by increasing the efficiency and productivity of our assets, processes, operations and balance sheet. A fast, efficient and effective airport makes journeys better by saving time and money for airlines and passengers.

We’re investing for future growth

We are building on our strong foundations for long-term, sustainable growth by investing in the infrastructure required to meet long-term customer needs. This makes journeys better, both within the airport and around our vibrant business district.

Faster, Higher, Stronger embraces our objective of making journeys better and is a commitment to improvement in everything we do. In 2013 the strategy set a number of new aspirations to drive our company’s performance. These high-level aspirations and our progress to date are not market guidance, and the results are likely to fluctuate from year to year. However, they provide the company with a sharp focus on important goals that underpin our long-term success. By 2018 we had achieved almost all of our aspirations – as set out below.

Aspirations:

400,000 Double Chinese arrivals to 400,000 by FY17, up from 213,781 in FY13.
$60m Build property rent roll to $60 million by FY17, up from $44 million in FY13.
10m Achieve 10 million international passengers by FY18, up from 7.3 million in FY13.
20m Reach 20 million total passengers by FY20, up from 14.5 million in FY13.

How we tracked in FY18:

395,075 An increase of 10.9% in FY18
$90.2m An increase of $17.3 million in FY18
11.2m An increase of 0.4 million in FY18
20.5m An increase of 1.1 million in FY18