Air New Zealand has continued its run of strong financial results with a record net profit of NZ$463 million ($328 million) for the fiscal year through June 30, up 42% from the previous year. Operating revenue increased 6.2% to NZ$5.2 billion, while passenger revenue was up 8.9%. Overall traffic increased 11% on a 12% capacity hike. Unit revenue dropped 2.3%, reflecting significant capacity growth and higher competition. Yield was down 1.8%. Operating costs declined 2% to NZ$3.7 billion. ...

Subscribe to Access this Entire Article

"Air New Zealand posts record net profit in 2Q" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.