Air NZ 1H profit soars on growth in international volumes, yields

Wed, 27 Feb 2013

Feb. 28 (BusinessDesk) – Air New Zealand, which is 73 percent state-owned, posted first-half profit that more than doubled after lifting passenger volumes and boosting yields on international routes, while keeping costs in check. Profit rose to $100 million in the six months ended Dec. 31 from $38 million a year earlier, the Auckland-based airline said in a statement. Operating revenue rose 3.4 percent to $2.37 billion. The results about matched analyst expectations. Shares of the airline, which is among state-owned assets slated for a part...

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