Air New Zealand, which announced an 8% improvement in net earnings to NZ$180 million ($125.6 million) for its June 30 fiscal year (ATWOnline, Aug. 30), is reconstructing its service strategy for the Tasman in a bid to become more cost-competitive as a sharply rising fuel bill and falling yields threaten to reduce profit by 40% for 2005-06. CEO Ralph Norris said ANZ is targeting savings of 10% on Australia-New Zealand operations in an attempt to achieve a "reasonable return" in a market that ...

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