Corporate & Results | Tourism Ticker https://www.tourismticker.com/corporate-results/ The Business of Tourism Mon, 11 Mar 2024 21:14:57 +0000 en-NZ hourly 1 212885728 “What would I have done differently?” – Michael Ahearne departs SkyCity https://www.tourismticker.com/2024/03/11/what-would-i-have-done-differently-ahearne-departs-skycity/ https://www.tourismticker.com/2024/03/11/what-would-i-have-done-differently-ahearne-departs-skycity/#respond Sun, 10 Mar 2024 19:00:00 +0000 https://www.tourismticker.com/?p=130208 Regulatory action has been disappointing as CEO but he says it is SkyCity's responsibility to deliver safe gaming.

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THL exits P2P RV market with $20m sale of Camplify stake https://www.tourismticker.com/2024/03/07/thl-exits-p2p-rv-market-with-20m-sale-of-camplify-stake/ https://www.tourismticker.com/2024/03/07/thl-exits-p2p-rv-market-with-20m-sale-of-camplify-stake/#respond Wed, 06 Mar 2024 19:00:00 +0000 https://www.tourismticker.com/?p=130144 The divestment ends Tourism Holdings' ambition to be part of a global peer-to-peer motorhome platform - for now.

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Chinese visitors driving faster NZ skydive recovery for Experience Co https://www.tourismticker.com/2024/03/05/chinese-visitors-driving-faster-nz-skydive-recovery-for-experience-co/ https://www.tourismticker.com/2024/03/05/chinese-visitors-driving-faster-nz-skydive-recovery-for-experience-co/#respond Mon, 04 Mar 2024 18:40:00 +0000 https://www.tourismticker.com/?p=129938 The Australasian adventure operator says it saw the most pronounced recovery in Queenstown during the Chinese New Year at its NZONE skydive business.

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Airways NZ reports $13m half-year profit https://www.tourismticker.com/2024/03/04/airways-nz-reports-13m-half-year-profit/ https://www.tourismticker.com/2024/03/04/airways-nz-reports-13m-half-year-profit/#respond Sun, 03 Mar 2024 18:05:00 +0000 https://www.tourismticker.com/?p=129885 Airways New Zealand has reported a profit of $13.4m for the half year to December 2023, up from nearly $2.6m during the same period in 2022.

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Interim revenue jumps 53% for KiwiRail’s scenic services, surpassing pre-Covid https://www.tourismticker.com/2024/03/01/interim-revenue-jumps-53-for-kiwirails-scenic-services-surpassing-pre-covid/ https://www.tourismticker.com/2024/03/01/interim-revenue-jumps-53-for-kiwirails-scenic-services-surpassing-pre-covid/#respond Thu, 29 Feb 2024 18:50:00 +0000 https://www.tourismticker.com/?p=129848 "Our scenic tourism business provided a highlight, with a return to 70% of pre-Covid passenger levels," says the rail and ferry operator.

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Christchurch Airport puts Tarras project on hold… https://www.tourismticker.com/2024/02/28/christchurch-airport-puts-tarras-project-on-hold/ https://www.tourismticker.com/2024/02/28/christchurch-airport-puts-tarras-project-on-hold/#respond Tue, 27 Feb 2024 19:00:00 +0000 https://www.tourismticker.com/?p=129652 It comes after discussions with council-controlled owner CCHL, which said it supports the decision.

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Millennium & Copthorne returns to FY profit, revenue tops $100m https://www.tourismticker.com/2024/02/27/millennium-copthorne-returns-to-fy-profit-revenue-tops-100m/ https://www.tourismticker.com/2024/02/27/millennium-copthorne-returns-to-fy-profit-revenue-tops-100m/#respond Mon, 26 Feb 2024 18:45:00 +0000 https://www.tourismticker.com/?p=129578 Sorry, you do not have authorisation to view this page! If you would like to view the content on this page you will need to be a Tourism Ticker member. MORE »

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Competitors have “unsustainably low” airfares, domestic price rises to impact leisure travel – Foran https://www.tourismticker.com/2024/02/23/competitors-have-unsustainably-low-airfares-domestic-price-rises-to-impact-leisure-travel-foran/ https://www.tourismticker.com/2024/02/23/competitors-have-unsustainably-low-airfares-domestic-price-rises-to-impact-leisure-travel-foran/#respond Thu, 22 Feb 2024 18:50:00 +0000 https://www.tourismticker.com/?p=129459 Air NZ's boss also warns that the airline's plan to lift domestic airfares could impact leisure travel demand.

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Outdoor, adventure retailer Torpedo7 sold for $1 https://www.tourismticker.com/2024/02/23/outdoor-adventure-retailer-torpedo7-sold-for-1/ https://www.tourismticker.com/2024/02/23/outdoor-adventure-retailer-torpedo7-sold-for-1/#respond Thu, 22 Feb 2024 18:05:00 +0000 https://www.tourismticker.com/?p=129404 The Warehouse Group has sold its outdoor adventure and sports retail brand Torpedo7 business for $1.

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Air NZ reviewing pricing, capacity as H1 profit falls sharply… https://www.tourismticker.com/2024/02/22/air-nz-reviewing-pricing-capacity-as-interim-profit-falls-sharply/ https://www.tourismticker.com/2024/02/22/air-nz-reviewing-pricing-capacity-as-interim-profit-falls-sharply/#respond Wed, 21 Feb 2024 19:00:00 +0000 https://www.tourismticker.com/?p=129317 The airline's revenue rises thanks to the ramp-up of international capacity but costs also grow.

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North America “particular highlight” for Auckland Airport as interim profit jumps 115% https://www.tourismticker.com/2024/02/22/north-america-particular-highlight-for-auckland-airport-as-interim-profit-jumps-115/ https://www.tourismticker.com/2024/02/22/north-america-particular-highlight-for-auckland-airport-as-interim-profit-jumps-115/#respond Wed, 21 Feb 2024 18:40:00 +0000 https://www.tourismticker.com/?p=129319 Aeronautical income surges thanks to the increase in travel demand.

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SkyCity H1 profit dips despite Auckland visitation up 8% https://www.tourismticker.com/2024/02/22/skycity-h1-profit-dips-despite-auckland-visitation-up-8/ https://www.tourismticker.com/2024/02/22/skycity-h1-profit-dips-despite-auckland-visitation-up-8/#respond Wed, 21 Feb 2024 18:35:00 +0000 https://www.tourismticker.com/?p=129321 The Sky Tower recorded a 31% increase in visitation.

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Queenstown Airport pays QLDC $4m interim dividend https://www.tourismticker.com/2024/02/21/queenstown-airport-pays-qldc-4m-interim-dividend/ https://www.tourismticker.com/2024/02/21/queenstown-airport-pays-qldc-4m-interim-dividend/#respond Tue, 20 Feb 2024 18:40:00 +0000 https://www.tourismticker.com/?p=129255 The airport says sustained demand for travel to the resort, particularly from Australia, had resulted in "a strong financial performance".

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Weak winter sees Kathmandu sales drop https://www.tourismticker.com/2024/02/21/weak-winter-sees-kathmandu-sales-drop/ https://www.tourismticker.com/2024/02/21/weak-winter-sees-kathmandu-sales-drop/#respond Tue, 20 Feb 2024 18:00:00 +0000 https://www.tourismticker.com/?p=129246 KMD Brands says its outdoor retail chain Kathmandu has seen softer trading since June 2023 due to a poor winter.

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Record results for THL’s tourism experiences https://www.tourismticker.com/2024/02/20/record-results-for-thls-tourism-experiences/ https://www.tourismticker.com/2024/02/20/record-results-for-thls-tourism-experiences/#respond Mon, 19 Feb 2024 19:00:00 +0000 https://www.tourismticker.com/?p=129211 The Women's FIFA World Cup and a faster-than-expected recovery in the Chinese market has driven revenue at the operator's tourism division.

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Air NZ warns of “markedly lower” earnings as competition heats up, domestic demand cools https://www.tourismticker.com/2024/02/19/air-nz-warns-of-markedly-lower-earnings-as-competition-heats-up-domestic-demand-cools/ https://www.tourismticker.com/2024/02/19/air-nz-warns-of-markedly-lower-earnings-as-competition-heats-up-domestic-demand-cools/#respond Sun, 18 Feb 2024 18:50:00 +0000 https://www.tourismticker.com/?p=129123 The airline says it expects its FY24 earnings to be in the range of $200m to $240m, down from FY23's $585m.

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More bad news for SkyCity as DIA preps legal action https://www.tourismticker.com/2024/02/12/more-bad-news-for-skycity-as-dia-preps-legal-action/ https://www.tourismticker.com/2024/02/12/more-bad-news-for-skycity-as-dia-preps-legal-action/#respond Sun, 11 Feb 2024 18:50:00 +0000 https://www.tourismticker.com/?p=128739 The company says it could be liable for up to $8m in penalties.

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SkyCity preps $79m payment over Adelaide casino breaches https://www.tourismticker.com/2024/02/02/skycity-preps-79m-payment-over-adelaide-casino-breaches/ https://www.tourismticker.com/2024/02/02/skycity-preps-79m-payment-over-adelaide-casino-breaches/#respond Thu, 01 Feb 2024 18:40:12 +0000 https://www.tourismticker.com/?p=128365 SkyCity Entertainment Group has set aside $79m for a potential penalty arising out of the Australian government’s probe into its Adelaide casino.

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RAL generates $22m in 2023, but another dispute lands in court https://www.tourismticker.com/2024/01/29/ral-generates-22m-in-2023-but-another-dispute-lands-in-court/ https://www.tourismticker.com/2024/01/29/ral-generates-22m-in-2023-but-another-dispute-lands-in-court/#respond Sun, 28 Jan 2024 18:50:00 +0000 https://www.tourismticker.com/?p=128050 The beleaguered operator returns to profit as the deadline looms for submissions on Tūroa's future, which includes $32m in proposed upgrades.

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THL expands in Aus again with $13m acquisition https://www.tourismticker.com/2024/01/23/thl-expands-in-aus-again-with-13m-acquisition/ https://www.tourismticker.com/2024/01/23/thl-expands-in-aus-again-with-13m-acquisition/#respond Mon, 22 Jan 2024 18:45:00 +0000 https://www.tourismticker.com/?p=127733 THL has signed an agreement to acquire Australian RV sales dealership Camperagent RV Centre for A$11.9m (NZ$12.87m).

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Napier Port on track for 91 cruise vessels https://www.tourismticker.com/2024/01/16/napier-port-on-track-for-91-cruise-vessels/ https://www.tourismticker.com/2024/01/16/napier-port-on-track-for-91-cruise-vessels/#respond Mon, 15 Jan 2024 18:01:00 +0000 https://www.tourismticker.com/?p=127379 Napier Port says it saw 20 cruise vessels during the first quarter of its FY24, which covered the three months to 31 December 2023.

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Demand softening in “increasingly challenging” environment – Air NZ https://www.tourismticker.com/2023/12/13/demand-softening-in-increasingly-challenging-environment-air-nz/ https://www.tourismticker.com/2023/12/13/demand-softening-in-increasingly-challenging-environment-air-nz/#respond Tue, 12 Dec 2023 18:45:00 +0000 https://www.tourismticker.com/?p=126985 The airline says its FY24 earnings will be at the lower end of expectations due to weaker demand and increasing competition.

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SkyCity pays $204m compensation over Auckland car park https://www.tourismticker.com/2023/12/11/skycity-pays-204m-over-auckland-car-park/ https://www.tourismticker.com/2023/12/11/skycity-pays-204m-over-auckland-car-park/#respond Sun, 10 Dec 2023 18:35:00 +0000 https://www.tourismticker.com/?p=126844 SkyCity Entertainment Group will pay $204m in compensation to Macquarie Group subsidiary MPF Parking NZ Limited over the casino and hotel operator's Auckland car park.

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SkyCity downgrades earnings guidance https://www.tourismticker.com/2023/12/08/skycity-downgrades-earnings-guidance/ https://www.tourismticker.com/2023/12/08/skycity-downgrades-earnings-guidance/#respond Thu, 07 Dec 2023 18:40:00 +0000 https://www.tourismticker.com/?p=126767 SkyCity Entertainment Group now expects its normalised EBITDA for the year to June 2024 to be between $290m and $310m.

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Entrada expands in Aus with Greyhound acquisition https://www.tourismticker.com/2023/12/05/entrada-expands-in-aus-with-greyhound-acquisition/ https://www.tourismticker.com/2023/12/05/entrada-expands-in-aus-with-greyhound-acquisition/#respond Mon, 04 Dec 2023 19:00:00 +0000 https://www.tourismticker.com/?p=126542 The InterCity owner now controls Australia's nationwide coach operator.

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THL reiterates $100m target on strong yields, supply recovery https://www.tourismticker.com/2023/11/29/thl-reiterates-100m-target-on-strong-yields-supply-recovery/ https://www.tourismticker.com/2023/11/29/thl-reiterates-100m-target-on-strong-yields-supply-recovery/#respond Tue, 28 Nov 2023 18:25:00 +0000 https://www.tourismticker.com/?p=126237 Tourism Holdings has reiterated its target of making $100m in net profit after tax for its 2026 fiscal year.

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Skyline interim profit jumps, scopes “exciting new opportunity” https://www.tourismticker.com/2023/11/28/skyline-interim-earnings-jump-scopes-new-overseas-opportunity/ https://www.tourismticker.com/2023/11/28/skyline-interim-earnings-jump-scopes-new-overseas-opportunity/#respond Mon, 27 Nov 2023 18:50:00 +0000 https://www.tourismticker.com/?p=126142 Skyline has reported a good set of interim results and is is working on "an exciting new opportunity" in Europe.

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M&C “disappointed” in penalty size for rule breaches https://www.tourismticker.com/2023/11/16/mc-disappointed-in-size-of-penalty-for-rule-breaches/ https://www.tourismticker.com/2023/11/16/mc-disappointed-in-size-of-penalty-for-rule-breaches/#respond Wed, 15 Nov 2023 18:50:00 +0000 https://www.tourismticker.com/?p=125496 Millennium & Copthorne Hotels says it is "disappointed" by a $50,000 penalty imposed on the business as a result of breaches of NZX listing rules.

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Cruise return boosts Napier Port by $5m https://www.tourismticker.com/2023/11/16/cruise-bolsters-napier-port-by-5m/ https://www.tourismticker.com/2023/11/16/cruise-bolsters-napier-port-by-5m/#respond Wed, 15 Nov 2023 18:27:00 +0000 https://www.tourismticker.com/?p=125484 Napier Port revenue has risen $118.4m in the 2023 financial year thanks in part to the return of cruise.

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Better than expected business travel pushes Serko interim revenue up 87% https://www.tourismticker.com/2023/11/15/better-than-expected-business-travel-pushes-serko-interim-revenue-up-87/ https://www.tourismticker.com/2023/11/15/better-than-expected-business-travel-pushes-serko-interim-revenue-up-87/#respond Tue, 14 Nov 2023 18:35:00 +0000 https://www.tourismticker.com/?p=125460 Serko has reported a strong set of interim results following what it calls "high revenue growth" across its divisions.

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THL pays $660k in staff bonuses https://www.tourismticker.com/2023/11/13/thl-pays-660k-in-staff-bonuses/ https://www.tourismticker.com/2023/11/13/thl-pays-660k-in-staff-bonuses/#respond Sun, 12 Nov 2023 18:27:00 +0000 https://www.tourismticker.com/?p=125298 THL has paid $660,736 for bonus payments to its permanent staff.

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Auckland Airport raises $378m in Australia https://www.tourismticker.com/2023/11/10/auckland-airport-raises-378m-in-australia/ https://www.tourismticker.com/2023/11/10/auckland-airport-raises-378m-in-australia/#respond Thu, 09 Nov 2023 18:29:00 +0000 https://www.tourismticker.com/?p=125254 Auckland Airport says it has successfully completed a new A$350m ($378m) Australian medium-term notes issue.

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Ngāi Tahu Tourism returns to profit https://www.tourismticker.com/2023/11/07/ngai-tahu-tourism-returns-to-profit/ https://www.tourismticker.com/2023/11/07/ngai-tahu-tourism-returns-to-profit/#respond Mon, 06 Nov 2023 18:40:00 +0000 https://www.tourismticker.com/?p=125028 Ngai Tahu Tourism has reported an operating surplus of $0.7m for the year to June 2023, up from the $7.6m loss it reported for the previous year.

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SkyCity takes bookings for 5-star Horizon, sets open date  https://www.tourismticker.com/2023/11/07/skycity-takes-bookings-5-star-horizon-sets-open-date/ https://www.tourismticker.com/2023/11/07/skycity-takes-bookings-5-star-horizon-sets-open-date/#respond Mon, 06 Nov 2023 18:27:00 +0000 https://www.tourismticker.com/?p=125051 Horizon by SkyCity will open to guests on 1 March 2024, with bookings now open for the new 303-room hotel.

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THL, Webster finalists in Deloitte Top 200 Awards https://www.tourismticker.com/2023/11/02/thl-webster-finalists-in-deloitte-top-200-awards/ https://www.tourismticker.com/2023/11/02/thl-webster-finalists-in-deloitte-top-200-awards/#respond Wed, 01 Nov 2023 18:26:00 +0000 https://www.tourismticker.com/?p=124850 Tourism Holdings has been shortlisted for Company of the Year in the Deloitte Top 200 Awards.

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Strong cruise return for South Port https://www.tourismticker.com/2023/11/01/strong-cruise-return-for-south-port/ https://www.tourismticker.com/2023/11/01/strong-cruise-return-for-south-port/#respond Tue, 31 Oct 2023 18:28:00 +0000 https://www.tourismticker.com/?p=124791 The operator of the country's southernmost deepwater port says cruise has made a strong recovery,

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Online gambling regulation needed to tackle fake sites – SkyCity https://www.tourismticker.com/2023/11/01/online-gambling-regulation-needed-to-tackle-fake-sites-skycity/ https://www.tourismticker.com/2023/11/01/online-gambling-regulation-needed-to-tackle-fake-sites-skycity/#respond Tue, 31 Oct 2023 18:20:00 +0000 https://www.tourismticker.com/?p=124747 SkyCity Entertainment Group has called for the regulation of online gambling in New Zealand to help stamp out fraud and rogue gambling sites.

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Wellington Airport pays $44m dividend, sees new Aus service launch https://www.tourismticker.com/2023/10/30/wellington-airport-posts-h1-loss-pays-44m-dividend/ https://www.tourismticker.com/2023/10/30/wellington-airport-posts-h1-loss-pays-44m-dividend/#respond Sun, 29 Oct 2023 19:00:00 +0000 https://www.tourismticker.com/?p=124626 Qantas becomes the largest international carrier servicing the capital in what it calls "good news for tourism in NZ".

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SkyCity “disappointed” in Auckland, Adelaide casino failures https://www.tourismticker.com/2023/10/27/skycity-chair-disappointed-in-auckland-adelaide-casino-failures/ https://www.tourismticker.com/2023/10/27/skycity-chair-disappointed-in-auckland-adelaide-casino-failures/#respond Thu, 26 Oct 2023 18:28:00 +0000 https://www.tourismticker.com/?p=124587 SkyCity Entertainment Group chair Julian Cook says the company is disappointed it had failed in its obligations at its Adelaide and Auckland casinos.

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Auckland Airport closes $250m bond offer https://www.tourismticker.com/2023/10/27/auckland-airport-closes-250m-bond-offer/ https://www.tourismticker.com/2023/10/27/auckland-airport-closes-250m-bond-offer/#respond Thu, 26 Oct 2023 18:26:00 +0000 https://www.tourismticker.com/?p=124585 Auckland International Airport Limited has closed its offer of $250m of unsecured, fixed-rate, six-year bonds.

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Auckland Airport launches $200m bond offer https://www.tourismticker.com/2023/10/24/auckland-airport-launches-200m-bond-offer/ https://www.tourismticker.com/2023/10/24/auckland-airport-launches-200m-bond-offer/#respond Mon, 23 Oct 2023 18:26:00 +0000 https://www.tourismticker.com/?p=124405 Auckland International Airport Limited is offering up to $200m of six-year fixed-rate bonds to New Zealand retail and institutional investors.

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THL targets $100m profit for FY26 https://www.tourismticker.com/2023/10/20/thl-targets-100m-profit-for-fy26/ https://www.tourismticker.com/2023/10/20/thl-targets-100m-profit-for-fy26/#respond Thu, 19 Oct 2023 18:27:00 +0000 https://www.tourismticker.com/?p=124288 Tourism Holdings has set a $100m target for its net profit for its 2026 fiscal year.

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ComCom seeks submissions on NTT’s proposed KJet buyout https://www.tourismticker.com/2023/10/20/comcom-seeks-submissions-on-ntts-proposed-kjet-buyout/ https://www.tourismticker.com/2023/10/20/comcom-seeks-submissions-on-ntts-proposed-kjet-buyout/#respond Thu, 19 Oct 2023 18:25:00 +0000 https://www.tourismticker.com/?p=124271 The Commerce Commission is seeking submissions on Ngāi Tahu Tourism’s proposed acquisition of Queenstown operator KJet.

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Auckland Airport boosts staff, enhances border, baggage systems to tackle challenges https://www.tourismticker.com/2023/10/17/auckland-airport-boosts-staff-enhances-border-baggage-systems-to-address-delays/ https://www.tourismticker.com/2023/10/17/auckland-airport-boosts-staff-enhances-border-baggage-systems-to-address-delays/#respond Mon, 16 Oct 2023 18:50:00 +0000 https://www.tourismticker.com/?p=124086 Auckland Airport says it has increased staff numbers, introduced new border-check lanes, and improved its baggage system to address the issues it has suffered since the country's borders reopened.

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Auckland Airport considers retail bond offer https://www.tourismticker.com/2023/10/17/auckland-airport-considers-retail-bond-offer/ https://www.tourismticker.com/2023/10/17/auckland-airport-considers-retail-bond-offer/#respond Mon, 16 Oct 2023 18:23:00 +0000 https://www.tourismticker.com/?p=124104 Auckland International Airport Limited is considering an offer of fixed-rate bonds maturing in November 2029 to New Zealand retail investors and to institutional investors.

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Air NZ guides interim earnings of $180m – $230m https://www.tourismticker.com/2023/10/12/air-nz-guides-interim-earnings-of-180m-230m/ https://www.tourismticker.com/2023/10/12/air-nz-guides-interim-earnings-of-180m-230m/#respond Wed, 11 Oct 2023 18:27:00 +0000 https://www.tourismticker.com/?p=123827 Air New Zealand says it expects its FY24 half-year earnings before tax to be in the range of $180m to $230m before tax.

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Why I sold Ezi Car – Kevin Walker on the unexpected opportunity https://www.tourismticker.com/2023/10/10/why-i-sold-ezi-car-kevin-walker-on-the-unexpected-opportunity/ https://www.tourismticker.com/2023/10/10/why-i-sold-ezi-car-kevin-walker-on-the-unexpected-opportunity/#respond Mon, 09 Oct 2023 19:00:00 +0000 https://www.tourismticker.com/?p=123620 The former owner of one of the country's largest rental car businesses tells the Ticker about a surprise offer.

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Airways edges back into the black https://www.tourismticker.com/2023/10/09/airways-edges-back-into-the-black/ https://www.tourismticker.com/2023/10/09/airways-edges-back-into-the-black/#respond Sun, 08 Oct 2023 18:00:00 +0000 https://www.tourismticker.com/?p=123571 Recovery in the aviation sector has pushed Airways New Zealand's annual profit back into black, with a net profit after tax of $5.4m for FY2023.

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Tourism recovery drives scenic train services, Interislander rebound – KiwiRail https://www.tourismticker.com/2023/10/03/tourism-recovery-drives-scenic-train-services-interislander-rebound-kiwirail/ https://www.tourismticker.com/2023/10/03/tourism-recovery-drives-scenic-train-services-interislander-rebound-kiwirail/#respond Mon, 02 Oct 2023 18:55:00 +0000 https://www.tourismticker.com/?p=123236 The SOE's scenic train operations saw revenue jump more than 600% in FY23.

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Hawke’s Bay Airport revenue takes off https://www.tourismticker.com/2023/10/03/hawkes-bay-airport-revenue-takes-off/ https://www.tourismticker.com/2023/10/03/hawkes-bay-airport-revenue-takes-off/#respond Mon, 02 Oct 2023 18:17:00 +0000 https://www.tourismticker.com/?p=123230 Hawke's Bay Airport has reported revenue of $12.7m for the year to June 2023, up 89.6% on the previous corresponding period.

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