Australia Pacific Airports Corporation (APAC)
| AIX interest in APAC: | 10.2% |
| UTA interest in APAC: | 6.2% |
APAC owns and operates Melbourne Airport, a key access point to Victoria for domestic and international travellers, as well as Launceston Airport, a gateway for travel between Tasmania and mainland Australia.
Performance highlights 2009
Total revenue was $475.8 million, an increase of 5.9 percent on the previous year. EBITDA was $351.5 million, an increase of 5.1 percent.
Total passengers through Melbourne Airport for the financial year were 24.8 million, an increase of 2.1 percent over the prior year. This comprised 5.0 million international and transit passengers, up 2.7 percent, and 19.7 million domestic passengers, up 2.0 percent. Total passengers through Launceston Airport increased 1.8 percent to 1.1 million for the year. The number of seats available on all routes at Melbourne Airport grew by 3.5 percent, while the number at Launceston Airport grew by 1.0 percent in the 2009 financial year.
Despite the economic climate, APAC performed well in the year to 30 June 2009, with the commencement of services by AirAsia X and Etihad Airways and increasing services on key routes by several incumbent airlines.
Melbourne Airport's international terminal expansion continues on schedule and when completed will add a total of 25,000m2 of new space to the current terminal. Launceston Airport's $20 million expansion and upgrade continues to progress well, with the commencement of its baggage carousel operations announced during the year.
In December 2008, the Federal Minister for Transport the Hon. Anthony Albanese approved the Melbourne Airport draft Master Plan 2008-2028, which outlines the airport's vision for land use of its 2,400 hectare site.
During the year, Melbourne Airport also announced that it had successfully completed a $300 million debt refinancing, extending facilities that were due in July 2009, until July 2012.
Performance outlook
Management continues to remain cautious in light of the economic climate and continues to review all capital and operating costs taking into account the prevailing economic conditions.
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APAC
Financial and operational performance
| 30 June year end | 2005 | 2006 | 2007 | 2008 | 2009 | CAGR* 05/09 |
| Passengers (m) | 21.6 | 22.3 | 23.5 | 25.3 | 25.9 | 4.6% |
| Revenue ($m) | 323.4 | 348.5 | 384.4 | 449.4 | 475.8 | 10.1% |
| EBITDA ($m) | 229.9 | 245.6 | 269.8 | 334.3 | 351.5 | 11.2% |
* CAGR: Compound Annual Growth Rate
For further information please visit the Melbourne Airport website.
For historical Annual Reports please click here.