Macquarie analysts claim that regulatory outcomes for new infrastructure development plans are the main focus for Auckland International Airport (ASX:AIA).

The airport recorded robust fiscal year 2023 results, buoyed by a recovery in passenger numbers.

The brokerage, however, points out that passenger volumes have not fully rebounded to pre-pandemic levels, maintaining a price target unchanged at NZ$9.56.

It has also been reported that price hikes in the non-aeronautical section in FY23 capped revenue growth.

Despite rising operating expenses in FY23, the forecasted net profit after tax in FY24 supports passenger volume growth.

In recent news, shares are trading 1.6% lower at NZ$7.9.

The stock has seen a 2.8% decrease this year as of the latest close.

Auckland International Airport (ASX:AIA) is an airport servicing New Zealand’s largest city, Auckland, integral to the country’s travel industry.