20 Mar 2020
Wellington International Airport Limited (WIA) is continuing to assess the impact of Covid-19 on its business, including as a result of the New Zealand Government’s announcement to close its border to international travellers.
While the full impact of Covid-19 on both international and domestic air traffic is uncertain, we know it will materially impact WIA’s revenues for an as yet unknown period of time. However, WIA is a resilient business, with available bank facilities and supportive shareholders. Like other companies affected by this situation, WIA is deferring capital projects and is under strict cost management.
Notwithstanding, S&P have placed all rated Australian and New Zealand Airports on CreditWatch Negative as a result of the reduction in passenger numbers (see attached).
WIA continues to work with our airline partners and remains committed to airport operations and supporting the Government and border agencies.
© Copyright Infratil