Commerce Commission final report on Wellington International airport points to excessive profits

We have found that the information disclosure regime is effectively promoting innovation, quality and pricing efficiency by the airport. However we consider that the regime has not been effective in limiting Wellington airport's ability to extract excessive profits, said Commerce Commission Deputy Chair Sue Begg.

Based on our analysis, Wellington airport is likely to recover between $38 million and $69 million more from consumers between 2012 and 2017 than it needs to make a reasonable return. We think a reasonable return is 7.1% to 8.0%. Wellington airport's expected return is 12.3% to 15.2% ... READ MORE

Released by the Commerce Commission - 8 February 2013