Air New Zealand A320. Photo: Courtesy, Airbus. Air New Zealand credited "innovation and performance improvement" for a near-quadrupling of its net income to NZ$82 million ($57.4 million) for its fiscal year ended June 30 compared to a NZ$21 million profit in the prior year. The result was achieved despite a 12.9% year-over-year decline in revenue to NZ$4.05 billion. But efficiency gains, along with lower fuel prices, resulted in a 14.8% reduction in costs to NZ$3.34 ...

Subscribe to Access this Entire Article

"Air New Zealand posts $57 million fiscal year profit" 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?

Already registered? here.