New Zealand has in recent months reopened its borders and loosened restrictions that led to one of the fewest COVID-19 case loads in the world. The country welcomed hundreds of travellers from Australia in early April for the first time since mid-2021.
"After two years of disruption, careful cost management ... our recovery is now well underway," Chief Executive Carrie Hurihanganui said. "While we are hopeful of a strong recovery over the next 18 months, our outlook remains conservative."
New Zealand's biggest airport operator expects an underlying profit after tax in the range of NZ$50 million to NZ$100 million ($31.39 million and $62.78 million) for fiscal 2023.
It posted an underlying net loss after tax of NZ$11.6 million for the year ended June 30, compared with a loss of NZ$41.8 million a year earlier.
Revenue for the year rose 7% to NZ$300.3 million.
($1 = 1.5929 New Zealand dollars)
(Reporting by Riya Sharma and Roushni Nair in Bengaluru; Editing by Arun Koyyur and Aditya Soni)
