Hawke’s Bay Airport has published its FY2025 Annual Report, covering the 12 months to 30 June 2025.
Jon Nichols, Airport Chair, said 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 seven percent on last year,” he said.
“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, ” said Nichols.
Flack said that net profit after tax (NZD 3.3 million) saw a NZD 400 thousand improvement on the SOI target, due to 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,” he said.
“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, said 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.”
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