Parking profits soaring
PERTH Airport made a staggering $33 million profit from car parking fees last year with two-thirds of every $1 spent by motorists parking there going straight into the airport’s coffers.
Airlines, retailers and commercial operators are calling for the Federal Government to step in and better regulate airports, pointing to the hikes in car parking as one example of “rip-offs” hurting customers and businesses.
New figures show Perth Airports’ profits have nearly quadrupled since 2004 peaking at $44.6m in 2014, spurred on by the resources boom.
Over a 15-year recording period, the airport made almost $400m from car-parking fees. Sydney Airport raked in profits of $95.4m, Melbourne $84.8m and Brisbane $65.4m last year.
Airlines for Australia and New Zealand chairman Graeme Samuel said Australia’s monopoly airports were the only privatised infrastructure assets in the country not appropriately regulated for the protection of consumers.
A Perth Airport spokes man refuted the allegations of rorting customers.
“Perth Airport’s total car parking profits over 15 years are less than onethird of the $1.3 billion profit made by Qantas last year alone,” he said.
“The growth in car parking revenue can be largely attributed to the fact that Perth Airport had the largest growth in the number of car parking spaces of any major airport over this period.”