Air New Zealand expects 1H pre-tax earnings to rise 20 percent , on target to exceed FY earnings

Tue, 10 Dec 2013

By Tina Morrison Dec. 10 (BusinessDesk) – Air New Zealand, the national carrier, expects first half pre-tax earnings to rise 20 percent from the year earlier on optimism about its December bookings and on certainty about redundancy costs. The Auckland-based carrier said it expects earnings before tax to increase about 20 percent in the six months ending Dec. 31, including about $10 million of redundancy costs. Last year, the company posted first half normalised earnings before tax of $139 million and $141 million pre-tax profit. The company...

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