Air New Zealand has reported a net profit of NZD327 million ($213 million) for the financial year ended 30 June 2015, an increase of 24% over the NZD 263 million reported for the previous financial year. The airline said that capacity growth supported by strong demand, cost efficiencies, and lower fuel prices had contributed to “significant earnings growth”. ANZ board chairman Tony Carter said, “our strategic initiatives over the past three years have positioned us well ...

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