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Auckland International Airport Provides Update on 2020 Results and Organisational Changes

01 Jul 2020  |  07:33:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: AIA update on 2020 results and organisational change

Auckland International Airport provided a further update on its response to the outbreak of COVID-19 and outlines Other Significant Items that are expected to impact earnings for the financial year to 30 June 2020 and further proposed changes to the size of the organisation's workforce. It suspended selected capital expenditure projects with a forecast completed value of more than $2bn. The Company reduced remuneration of directors and executives to 80%.

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