We are Number 416

BRW one of Australia’s premier financial magazines have released their annual list of the biggest 1000 Australian enterprises in their February issue.  The list itemises the largest Australian public, private and government organisations based on information on the public record. Airservices Australia is ranked 416 based on total revenue.

Airservices Australia is the nation’s Air Navigation Service Provider (ANSP) responsible for Air Traffic Control, Aviation Fire Fighting Services and support services.  A majority of Airservices funding is gathered by levying charges for flights using their services, on airlines or the aircraft owner.  The airline then passes that cost on to their customers as part of the ticket price. For Australia’s most popular route between Melbourne and Sydney the cost is about five dollars (see What is one of the best bargains for 5 bucks at an Australian Airport? )

Airservices Australia managed to generate $824.6 million in revenue for the year.  Despite this being a 2.3% increase in revenue the ranking dropped from 389 to 416 in the rankings.  Revenue in the reporting period was affected by a variety of natural disasters as well industrial problems at the biggest customer, Qantas Airways.  Net profit was $36.4 million which was a 28.1% decrease from the previous year but still good for number 384 ranking for profitability.  BRW advise Airservices have $1199.2 million dollars in total assets.

How does this compare with the other major players in the Australian aviation industry, Airlines and Airports?  It should be noted some of the Airports revenue comes from non aviation activities such as leasing land for warehouses and other enterprises.

Airservices profit is either paid to the shareholder, the Australian Government, as a dividend or used to reinvest in the provision of services such as Airservices to invest $200 million in infrastructure .