Profits at three of Australia’s four biggest airports continued to grow during 2017-18, while the quality of service rose, according to the ACCC’s annual Airport Monitoring Report, released today.
Combined operating profit from aeronautical activities at Sydney, Melbourne, Brisbane and Perth airports stood at $820.1 million for the year, up 6.2 per cent.
Brisbane, Melbourne, Perth and Sydney airports all significantly increased their profits from aeronautical activities in 2016-17, with profits per passenger also rising, according to the ACCC’s annual Airport Monitoring Report.
The four airports earned a combined $757.6 million in operating profits (EBITA) from aeronautical activities in 2016-17, up 9.9 per cent in real terms from the previous year. Sydney Airport alone earned $360.8 million.
The Australian Competition and Consumer Commission’s annual Airport Monitoring Report has found that Sydney, Melbourne, Perth, and Brisbane airports all received an overall weighted rating of ‘good’ for their quality of service in 2015-16.
The Australian Competition and Consumer Commission has released its annual Airport Monitoring Report for 2014-15, finding that the monitored airports at Brisbane, Melbourne, Perth, and Sydney continue to enjoy high profit margins in both aeronautical and car parking activities.
The Australian Competition and Consumer Commission has decided to not object to a proposal by Airservices Australia to increase prices for some of its monopoly services, from 1 July 2015. Airservices Australia provides air traffic control and aviation fire-fighting and rescue services to airports and airlines.
The ACCC assesses notifications of proposed price increases by Airservices Australia. The proposal will put into effect pricing for the final year of Airservices Australia’s long-term pricing plan, which was approved by the ACCC in 2011.
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