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City councillors want ratepayer-owned companies to pay living wage within a year


John Kirk-Anderson/Stuff
Councillor Yani Johanson put forward three amendments to give extra feedback to CCHL over its statement of intent – but only one of them passed.
On Thursday, councillor Yani Johanson put forward three issues he wanted the council to give formal feedback to CCHL on.
His proposals were debated and then voted on, with a majority of councillors needing to support each proposal in order for them to be included in the feedback.
The first related to senior executive remuneration. Johanson said the ratepayer-owned companies had not done enough in regard to a previous council call for restraint. He wanted clear targets set to reduce remuneration. ....

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Pandemic Not Panic Reflected In Christchurch Airport Financial Result


Thursday, 18 February 2021, 8:49 am
Christchurch Airport is citing lessons learnt from the
quakes, extensive changes it made to its business across
2015-2019 and its preparation for events like a pandemic,
for its ability to pivot to a domestic operating model that
can essentially break even while the pandemic’s impact on
the borders evolves.
Net Profit after Tax (NPAT) for
the first half of financial year 2021 (FY21) - July to
December 2020 - was $1.2m. Total operating revenue was $66m,
down 31% compared to the same period last year. Rates and
insurances rose by 12% (or $680,000), all other core
operating costs were compressed. EBITDAF was $34.3m. ....

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