Perth Airport Pty Ltd.

Overview Key strengths Key risks Solid market position as the gateway and only international airport in Western Australia. Although current regional passenger traffic is strong, downward commodity cycles could weigh on it. Diverse revenue mix with aeronautical and nonaeronautical revenue. Elevated capital expenditure (capex) due to major development projects. Long-term commercial agreement with Qantas provides certainty over the setting of aeronautical tariffs. PAPL continues to benefit from strong commodity-related activity. This supports regional passenger traffic. In fiscal 2024 (ending June 30, 2024), the airport recorded an all-time high in passenger traffic of 16.1 million. In this period, interstate domestic, regional, and international passenger traffic reached 97%, 143%, and 100% of pre-pandemic levels, respectively. New routes and additional capacity from terminal

...We expect robust passenger traffic growth at Perth Airport Pty Ltd. (PAPL) over the next few years. PAPL continues to benefit from strong commodity-related activity. This supports regional passenger traffic. In fiscal 2024 (ending June 30, 2024), the airport recorded an all-time high in passenger traffic of 16.1 million. In this period, interstate domestic, regional, and international passenger traffic reached 97%, 143%, and 100% of pre-pandemic levels, respectively. New routes and additional capacity from terminal upgrades will help grow international passenger traffic over the next one to two years. A commercial agreement with Qantas paves the way for PAPL to undertake major aeronautical development plans. In May 2024, PAPL and Qantas reached a commercial...

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