Lower fuel prices and new international service helped Air New Zealand report a net profit of NZ$338 million ($226 million) for the six months through Dec. 31, 2015, up significantly from a net profit of NZ$133 million a year earlier. Operating revenue increased 12% to NZ$2.7 billion for the period, which is the airline’s fiscal first half, while passenger revenue was up 16%. Unit costs dropped 11% versus the prior year. Fuel costs of NZ$484 million—including the adverse impact ...

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