AIAL hopes the retail revenue forecast to be in range of $90m to $93m
As per the media reports, Auckland International Airport Ltd (AIAL) is warning about the market consensus of about $104 million for the retail component of its revenue for the 2010 financial year.
Today, the company confirmed that it is hoping the retail revenue forecast in the range $90m to $93m.
It seems that some factors are not sufficiently being allowed by the market as of now.
"Those included the impact of the reversion to a dual operator duty free model which sacrificed the benefits in terms of scale, penetration and range associated with the single operator model and required the second operator to establish its market position," said the Auckland Airport.
Declining international passenger volumes and reduced consumer spending resulting from the global downturn, and disruption due to construction in the departures area are other factors specified by the airport.
It was specified by the company that there was no change in earnings guidance provided for the 2009 financial year.
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