Air New Zealand FY19 profit down 31% on higher costs, slower demand
Credit: Rob Finlayson
Air New Zealand is targeting significant cost savings over the next two years in response to a tightening demand environment that has eaten into its profitability. The New Zealand flag carrier reported a net profit of NZ$270 million ($172 million) for its 2019 fiscal year ended June 30, down 31%...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.
Related Content
