Air New Zealand's 1H earnings tumble as rising fuel and waning tourism crimp returns

Rebecca Howard
Wed, 27 Feb 2019

By Rebecca Howard Feb. 28 (BusinessDesk) - Air New Zealand reported a 35 percent fall in pre-tax earnings in the first half as a spike in fuel prices, softer tourism and disruptions due to issues with the Rolls-Royce engines took their toll. The national carrier reported earnings before taxation of $211 million in the six months through December versus $323 million in the prior year and a net profit of $152 million versus $232 million in the prior year. Operating revenue was $2.9 billion, up 7.1 percent.  Passenger revenue increased by...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Putin's war is a challenge to global corporate conscience
David Brain | Sat, 28 May 2022

Global businesses with strong retail brands appear the most likely to stop doing business in Russia altogether, but there are holdouts.

On the Money
ON THE MONEY: Greg Foran, Straker and Ryman Healthcare
Victoria Young | Sat, 28 May 2022

OTM this week: The PM’s US tour, Grant Robertson’s golden rules, Greg Foran and more.

Sydney firm to build NZ Police’s arms information system
Ava Bradley | Fri, 27 May 2022

The company’s software will provide a secure digital database of all firearms transactions and legally owned firearms in NZ and is estimated to bring in $13 million for the ASX-listed company.

Partner content
Small business lessons for attracting and retaining staff

Employers battling through the ‘Great Resignation’ are now faced with the ‘Great Brain Drain’.

Partner content
People leaders are key to wellbeing but still need help

One in three people say they have experienced an issue with an unsupportive manager