Air NZ first-half profit soars as expansion pays
Air NZ more than doubled first-half profit and said it expects full-year earnings to surge at least 70% as lower fuel prices and growing passenger numbers boost revenue. Net income jumped 154% to NZ$338m (US$225m) in the 6 months to Dec 31, the airline said Thursday. Pre-tax earnings climbed to $457m. The airline increased its first-half dividend to 10 cents per share from 6.5 cents. Air NZ is in expansion mode, adding international destinations in the Pacific Rim, Asia and the Americas and also increasing capacity domestically. The airline is targeting full-year pre-tax earnings of more than $800m from $474m a year earlier, it said Wednesday. First-half passenger revenue jumped 16% to $2.3b, driven by increased capacity and strong demand, while operating revenue rose 12% to $2.7b. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-02-25/star/air-nz-first-half-profit-soars-as-expansion-pays
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Air NZ first-half profit soars as expansion pays
Air NZ more than doubled first-half profit and said it expects full-year earnings to surge at least 70% as lower fuel prices and growing passenger numbers boost revenue. Net income jumped 154% to NZ$338m (US$225m) in the 6 months to Dec 31, the airline said Thursday. Pre-tax earnings climbed to $457m. The airline increased its first-half dividend to 10 cents per share from 6.5 cents. Air NZ is in expansion mode, adding international destinations in the Pacific Rim, Asia and the Americas and also increasing capacity domestically. The airline is targeting full-year pre-tax earnings of more than $800m from $474m a year earlier, it said Wednesday. First-half passenger revenue jumped 16% to $2.3b, driven by increased capacity and strong demand, while operating revenue rose 12% to $2.7b. <br/>
