Air New Zealand has continued its run of strong financial results with a record net profit of NZ$463 million ($328 million) for the fiscal year through June 30, up 42% from the previous year. Operating revenue increased 6.2% to NZ$5.2 billion, while passenger revenue was up 8.9%. Overall traffic increased 11% on a 12% capacity hike. Unit revenue dropped 2.3%, reflecting significant capacity growth and higher competition. Yield was down 1.8%. Operating costs declined 2% to NZ$3.7 billion. ...

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