Hawke’s Bay Airport: financially sound, operationally stable despite softening domestic aviation market

Hawke’s Bay Airport today published its FY2025 Annual Report, covering the 12 months to 30 June 2025.
Jon Nichols, Airport Chair says that Hawke’s Bay Airport continues to evolve as a vital regional asset, resilient in the face of national aviation headwinds and soft economic conditions.
“The combination of economic recession and domestic aviation capacity challenges have impacted passenger numbers, down 7% on last year.
“While the economy and appetite for travel are expected to remain soft for the short to medium term, Hawke’s Bay’s broad appeal as a destination and its diverse visitor mix gives us confidence in a stable outlook and future growth.”
Following the arrival of new CEO Nick Flack, the airport has refreshed its strategy.
“Under Nick’s leadership our goal is to grow as a strategic regional asset that connects people, business and our region in meaningful ways. We want to support and contribute significantly to the Hawke’s Bay economy, ” says Mr Nichols.
Key highlights for FY2025
  • 612k passengers, down 8% on Statement of Intent (SOI) target and 7% on last year (655k)
  • Revenue $14.8m , down on SOI target of $15.5m, up on prior year ($13.0m)
  • EBITDA $8.5m up from last year ($7.3m)
  • NPAT $3.3m, up on SOI target of $2.8m
  • Completed airfield power and lighting upgrade
  • Purchased new fire truck
  • Started construction on new fire station
  • Retained ACA Level 4+ transition sustainability rating
Nick Flack, CEO Hawke’s Bay Airport says that net profit after tax ($3.3m) saw a $400k improvement on the SOI target, due more favourable interest rates, and fair value gains on property.
“Alongside pleasing financial performance, we made excellent progress in our capital works programme, with significant steps taken to future-proof our operations as well as enhance reliability and safety.
“We’ve also advanced our health and safety capability and implemented a three year plan for safety improvement across our site. Additionally, we’ve invested significantly in our people and systems, setting ourselves up to support a high performing team in the years ahead.”
Collaboration with others remains essential for the airport’s success and long-term regional prosperity, says Mr Flack.
“Achieving regional prosperity is a collective effort, and we want to see growth in visitor numbers through initiatives like major regional and business event attraction.
“Hawke’s Bay Airport wants to work collaboratively with councils, iwi, government and industry partners to support joined-up, aspirational regional planning, and play an active role in the economic and social development of Hawke’s Bay as a region.”
ENDS     

Search

Search

Opening Hours

Monday to Saturday from 4.45 am

Sunday from 5.45 am

The terminal closes after the last flight of the day.

Terms & conditions of competition

  • For the purposes of these Terms and Conditions, “The Promoter” refers to Hawke’s Bay Airport.
  • By entering the competition, you agree to be bound by these terms and conditions.
  • The Promoter’s competition with entry via Facebook is open only to residents of New Zealand, over 18 years old.
  • No purchase necessary. Winners will not be required to pay to enter the competition.
  • Employees of the Promoter are not eligible to enter.
  • Facebook/Meta are not in any way affiliated or involved in the competition.
  • Each entrant shall enter the competition the Hawke’s Bay Airport Facebook page by adding a photo to the competition post. Private messages will not be accepted as an entry.
  • The Prize will be awarded to a randomly selected winner, using a random number generator. The Promoter will not be held liable if the named prize becomes unavailable or cannot be fulfilled. The winner will be posted to our Facebook page within 3 days of the competition closing date.
  • If the prize winner cannot be contacted within 3 days of the closing date, at promoter’s option the winner may be taken to have forfeited the prize and a substitute winner may be selected.
  • The Promoter will not be held liable for any failure of receipt of entries. The Promoter takes no responsibility for any entries that are lost, delayed, illegible, corrupted, damaged, incomplete or otherwise invalid.
  • To the extent permitted by applicable law, The Promoter shall not be liable under or in connection with these terms and conditions, the competition or any Prize for any indirect, special or consequential cost, expense, loss or damage suffered by a participant even if such cost, expense, loss or damage was reasonably foreseeable or might reasonably have been contemplated by the participant and the promoter and whether arising from breach of contract, tort, negligence, breach of statutory duty or otherwise.
  • Prizes are non-negotiable, non-transferable and non-refundable. No cash alternative is available. Where a Prize becomes unavailable for any reason, the Promoter reserves the right to substitute that prize for a different prize which may not be of equal value.
  • The name, address and phone number of the winner must be provided to the Promoter if requested and will be shared with the donator of the prize to enable fulfilment of the Prize.
  • In the event of unforeseen circumstances beyond the Promoter’s reasonable control, the Promoter reserves the right to cancel, terminate, modify or suspend the competition or these terms and conditions, either in whole or in part, with or without notice.
  • The Promoter’s decision is final. No correspondence will be entered into.
  • The winner’s name and social media username may be posted on the social media profiles of the Promotor after the winner has been selected.