Auckland International Airport Ltd

AIA: XNZE (NZL)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	NZD 7.00	Nwcjb	Fkgwzty

Auckland Airport Challenged by New Zealand's Ongoing Border Closures, but Long-Term Growth Remains

Adam Fleck

Jan 20, 2021

Business Strategy and Outlook

Auckland Airport is the largest airport in New Zealand. We believe the firm has carved a wide economic moat because it is a near-monopoly operating in a favourable regulatory environment, and we expect good medium-term growth from further airline capacity growth.

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