Air NZ lands record half year profit

MICHAEL FOREMAN
Last updated 09:36 27/02/2014
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Luxon
Air New Zealand chief executive Christopher Luxon.

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Air New Zealand has announced a record net profit of $140 million for the half year to December 31, an increase of 40 per cent on the same period last year.

Revenue for the period was $2.3 billion, down slightly on the corresponding six months in 2013.

Chairman Tony Carter said that with stable fuel prices and a traditional seasonal earnings pattern of a stronger first half, the airline expected to deliver a full-year result of normalised earnings before tax of more than $300m.

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- Fairfax Media

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