Christchurch International Airport has reported a 10.5% increase in half-year profit, driven by a surge in international passenger numbers and strong performance from its property portfolio.
The airport’s net profit rose to $23.8 million for the first half of the 2025 financial year, compared to the same period last year. Total revenue grew 4.5% to $120.8 million.
Board Chair Sarah Ottrey said the airport’s strong financial performance would benefit Christchurch city and the South Island. “As a key asset, Christchurch Airport is pleased with this growth, enabling a dividend pay-out to its 75% shareholder, Christchurch City Holdings Ltd, of just under $16 million for this first half year,” she said.
The six months to 31 December 2024 saw international passenger numbers increase 11%, contributing to overall passenger growth of 3.17 million. Long-haul routes from China Southern, Cathay Pacific, and United Airlines helped drive demand, alongside Qantas and Jetstar’s expansion on trans-Tasman routes.
A 14% rise in international seat capacity during the peak summer season boosted aeronautical revenue, while high occupancy rates in the airport’s property portfolio—99.5%—further strengthened financial performance.
The airport also expanded its customer offerings, with nine new food and beverage options and an upgraded food court.
Christchurch Airport continued to invest in major infrastructure projects, including:
• Expansion of the airport freight apron to double its size.
• New freight and manufacturing developments to support aviation and logistics.
• Growth of the Pratt & Whitney engine servicing centre, increasing capacity.
The airport has also maintained a strong focus on sustainability, with key initiatives including:
• Kōwhai Park solar farm – a 230-hectare project now under development, expected to be operational by 2026.
• Arrival of New Zealand’s first EV airport fire truck, with another set to arrive in 2026.
• Opening of the BP Giga Hub EV charging station – the first of its kind in the Southern Hemisphere.
• Launch of the world’s first hydrogen testing facility at an airport.
• Refurbished food court with sustainable practices, including redirecting eight tonnes of furniture to the Eco Store to prevent landfill waste.
The October 2024 AGM marked the retirement of Chris Paulsen, who served on the board for 14 years and played a key role in aviation development. Meg Matthews has been appointed to the board, bringing 20 years of senior leadership experience.
Christchurch Airport CEO Justin Watson said the company remains focused on passenger growth, sustainability, and infrastructure investment.
“Despite aviation sector headwinds, we’re experiencing strong momentum across our business, driven by international growth and major infrastructure projects. With passenger numbers on the rise and key projects underway, we are set for a strong future and look forward to continuing our sustainability initiatives and the completion of our terminal refresh this year,” Watson said.
The terminal refresh includes:
• 12 new eateries
• Upgraded bathrooms
• A revamped food court
• New retail spaces
• A parents’ room and large children’s play area
The airport expects continued passenger growth and infrastructure investment to sustain its strong financial trajectory.
