Newcastle Airport’s economic impact

Newcastle Airport’s economic impact to Hunter more than $1 billion


Monday, 9 February 2015

Newcastle Airport’s latest economic impact study has confirmed the Airport’s role as one of the region’s key economic and employment hubs, contributing $1.19 billion annually to the Hunter’s economy. 

The study measured the Airport’s economic and social benefits to the Hunter region, updating findings of the previous study undertaken in 2011.

The study concluded that Newcastle Airport facilitates:


  • Jobs
    Direct and indirect employment of 3,346 jobs, including 654 direct jobs on the airport precinct.
  • Economic activity
    Direct and indirect contribution of $1.19 billion to the local economy.

From these most recent findings, in the past decade Newcastle Airport’s contribution to the local economy has increased from $233.1 million annually in 2005 to the $1.19 billion annually today.  This significant increase in contribution is a result of increased air services, increased employment on and around the airport site, and numerous major construction projects completed on the airport site in the past decade.

Newcastle Airport’s CEO Paul Hughes commented that the study displays the importance of the Airport to the region and the significance of Newcastle Airport as a transport hub.

“Newcastle Airport is the major gateway to the Hunter.  We welcome more than 1 million passengers annually, and connect them to Australia and the world.

“The contribution of the Airport is widely recognised; however reports such as this highlight the significant flow-on effects that otherwise would remain invisible to the wider community,” concluded Paul.

The Airport’s support to the tourism industry is also significant; the Airport contributes $305 million annually and supports more than 1,750 jobs in this industry.

In addition, the current construction program onsite at the Airport is contributing $33 million in economic value and is generating 106 jobs.

Ends.

Transport
About
News
Contact Us

Why not stay up to date?

Your use of this website is governed by the Disclaimer. We will only use your personal information in accordance with our Privacy Policy.