Auckland International Airport ltd

Auckland International Airport ltd is the largest andbusiest airport in New Zealand, with 16,487,648 (9,005,612 international and 7,482,036 domestic) passengers in the year ended December 2015. It has a capacity of about 45 flight movements per hour using a single runway which is fully capable at a reduced rate of movements.

Auckland International Airport ltdVision and Mission

Delivering for the future, our goal is to lead and support the growth of strong, internationally competitive and sustainable businesses which contribute to New Zealand Inc and the well-being of its people.

Board of directors

Sir Henry van der HeydenChair, KNZM, BE (Hons)

Richard Didsbury Director, BE

Brett Godfrey Director, BCom, ACA

ichelle Guthrie Director, BA, LLB (Hons)

James Miller Director, BCom, FCA, AMinstD

Company performance

Company reported profit after taxation for the 2015 financial year is $223.5 m an increase of 3.5% on the prior year’s reported profit of $215.9 m, an increase of 3.8% on the prior year’s underlying profit of $169.9 m, revenue increased by 6.9% to $508.5 m.

Key performance measures

International aircraft seat capacity 10,816,313, Domestic aircraft seat capacity 9,065,388 both have increased compare to year 2014. International passenger movements 8,124,435 International transit passenger movements 493,756 Domestic passenger movements 7,198,595 all have increased compare to year 2014. Average revenue per parking space (ARPS) Increase in ARPS year 2015 is 5.4% which was 0.6% in year 2014. After tax return on capital employed is 7.4% in year 2015 and 7.5% in year 2014 0.1% decrease. Rent roll (committed rental income as at 30 June) Annual rent roll $m56.1 in 2015 and $m46.6 in 2014 a $m9.5 increased. EBITDAFI per passenger $24.03 in year 2015 and $23.58 in 2014 a $0.45 per passenger increased.

Conclusion

Sir Henry van der Heyden was appointed a director of the company in 2009 and its chair in 2013 since then the company’s performance have been improving year to year as financial year 2015 and 2014 discussed above in the company analysis, the company have compliance with the corporate governance and ethical code of conduct and using the appropriate accounting policies and framework to report and measure the performance of the company.

  VIRGIN AUSTRALIA GROUP

Company information

In 2000, the Virgin brand entered the Australian aviation market for the first time, bringing real competition in the leisure sector of the market. Launching the new brand Virgin Australia in May 2011, and the Game Change program announced by CEO John Borghetti, was a key part of repositioning ourselves in the market to be Australia’s airline of choice.

Auckland International Airport ltd

Vision and Mission

Vision is to revolutionize air travel again, this time across all market segments. We will do this by providing a seamless experience across all international and domestic markets, while retaining the same excellent service.

Board of directors

Elizabeth Bryan AM Independent Non-Executive Director (appointed 20 May 2015)

John Borghetti Managing Director and Chief Executive Officer

David Baxby Independent Non-Executive Director

Joshua Bayliss (ceased 22 September 2015)

Neil Chatfield (ceased 20 May 2015)

Christopher Luxon (appointed 4 July 2014)

Bruno Matheu (appointed 18 February 2015)

Company performance

The Group recognized a net loss after tax of $93.8 m, which is an improvement of $260 m on the previous year. Total revenue and income increased from $4,306.6 m to $4,749.2 m, a 10.3% increase.The CEO was issued a cash settled performance planequal split of 50% ROIC and 50% corporate measures.The CEO had one Senior Executive Option Plan (SEOP)achieved a partial vesting outcome against the equal measures of 50% TSR and 50% corporate performance.CEO Remuneration Mix consists of 27% of Fixed Remuneration, 21% of STI Cash, 8% of STI Deferred, and 44% of Long term incentives a total of $3,636,000.

Chart reference.

As the above chart of Virgin Australia Group portraying the share price ups and downs showing the increasing trend since 2011 till the second quarter of 2016, this chart has been taken from yahoo finance.

Conclusion

The Board conducts regular self-assessments of the performance of the Board, its committees and individual directors. In addition, externally facilitated performance evaluations are undertaken on a periodic basis.  Remuneration Committee advises the Board on remuneration policies and practices and makes specific recommendations. On the basis of above company performance analysis and specifically stock price chart, we can say that the company has performed well till the first quarter of 2015.