Air New Zealand 777-300ER. Photo: Courtesy, Boeing. Air New Zealand posted a 75% year-over-year improvement in net profit to NZ$98 million ($55.9 million) for the six months ended Dec. 31, 2010, on a 9% increase in revenue to NZ$2.23 billion. Expenses, including foreign exchange losses of NZ$75 million, climbed 11.4% to NZ$1.83 billion. ANZ Chairman John Palmer attributed the profit to a lift in passenger numbers, cargo volumes and yields. Passengers carried climbed 7.8% to 6.7 ...

Subscribe to Access this Entire Article

"Air New Zealand half-year profit up 75% " 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.