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 ...

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