5 Most Valuable New Zealand Companies in the World

In this article, we discuss the 5 most valuable New Zealand companies in the world. If you want to read our detailed analysis of these companies, go directly to 15 Most Valuable New Zealand Companies in the World.

5. Auckland International Airport Limited (NZFX:AIA.NZ)

Auckland Airport is located near the residential suburb, Mangere. It is New Zealand’s busiest as well as the largest airport that offers flights to twenty-one million passengers each year. It conducts flights domestically as well as internationally and handles 71% of international passengers arriving in New Zealand. Due to its enormous size, it has the capacity to hold the Airbus A380 aircraft and the Boeing 747 aircraft. However, the company has suffered losses because of the COVID-19 pandemic, reporting its first-ever underlying loss of $41.8 million ever since 1998. In order to deal with the volatile nature of the situation, it has been making changes to its future plans with the revision of its expansion scheme and is adopting increasingly conservative assumptions towards planning, as it is expected that it will take until 2023 for global travel to make a full recovery and surpass pre-pandemic levels according to the International Air Transport Association.