Air NZ maintains profitability despite slowdown
Air NZ has maintained profitability even as it adapts to a lower growth environment, reporting a NZ$198m (US$124m) EBIT for the 6 months ended Dec 31, 2019, down from $217m in the year-ago period. “Our capacity discipline on existing routes, stimulation of leisure traffic with the domestic fare restructure and entrance into attractive new international markets has driven good revenue performance in the first half,” says chairman Therese Walsh. Operating revenue gained 3% to $3b, in tandem with 3.2% growth in the passenger segment that accounts for more than 85% of total revenues. The carrier attributes this to “solid demand” across its domestic and Pacific Islands networks, as well as new routes into Asia and North America. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-02-28/star/air-nz-maintains-profitability-despite-slowdown
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Air NZ maintains profitability despite slowdown
Air NZ has maintained profitability even as it adapts to a lower growth environment, reporting a NZ$198m (US$124m) EBIT for the 6 months ended Dec 31, 2019, down from $217m in the year-ago period. “Our capacity discipline on existing routes, stimulation of leisure traffic with the domestic fare restructure and entrance into attractive new international markets has driven good revenue performance in the first half,” says chairman Therese Walsh. Operating revenue gained 3% to $3b, in tandem with 3.2% growth in the passenger segment that accounts for more than 85% of total revenues. The carrier attributes this to “solid demand” across its domestic and Pacific Islands networks, as well as new routes into Asia and North America. <br/>
