Air NZ staff's $1700 bonus after $527 million-dollar result

Air NZ will be giving 8500 members of staff a NZ$1700 bonus after the company reported its second highest earnings in company history. The airline's full year earnings fell 21% in an increasingly competitive market, but were still the second highest ever as the airline continues to benefit from lower jet fuel prices and the country's ongoing tourism boom. "This year Air New Zealand faced an unprecedented increase in the level of competition from some of the world's largest airlines and effectively rose to the challenge," said CE Christopher Luxon. The bonus awarded by the board will go to Air New Zealand staff who do not have other incentive programmes as part of their employment agreement.<br/>