Auckland International Airport Ltd

AIA: XNZE (NZL)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	NZD 4.00	Zsxfn	Zcgskrfs

Auckland Airport Facing a Challenging Near-Term Environment Due to COVID, but Wide Moat Remains

Adam Fleck

Feb 18, 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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