Air NZ FY profit more than doubles, beating estimates

Wed, 28 Aug 2013

By Jonathan Underhill Aug. 29 (BusinessDesk) – Air New Zealand, which is preparing to spend $1.8 billion on aircraft in the next three years, more than doubled annual profit, beating estimates, as it squeezed more revenue from a rising volume of passengers and benefited from favourable foreign exchange movements. Net profit rose to $182 million in the 12 months ended June 30, from $71 million a year earlier, the Auckland-based company said in a statement. Sales rose 3 percent to $4.6 billion. First NZ Capital had forecast profit of $168.3 mil...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Election 2020
ELECTION 2020: Labour undented by second covid lockdown: poll
Andy Fyers and Pattrick Smellie | Tue, 22 Sep 2020

Labour would still be able to govern alone on current support levels, according to the first opinion poll of the rescheduled election campaign. Pattrick Smellie reports.

Markets
MARKET CLOSE: NZ shares buck global sell-off
Dan Brunskill | Tue, 22 Sep 2020

New Zealand shares rose as renewed fears of further pandemic lockdowns in Europe pushed the kiwi dollar lower and improved the outlook for Fisher & Paykel Healthcare.The S&P/NZX 50 Index rose 70.12 points, or 0.6 percent, to 11,609.22. Within the index, 24 stocks rose, 21 fell an...

Economy
Govt seen as safe pair of hands – Ipsos poll
Staff reporters | Tue, 22 Sep 2020

A poll has indicated strong support for the Labour-led government’s handling of the covid-19 pandemic and shows most people perceive the party as the best to handle the majority of issues in NZ.The Ipsos New Zealand Issues Monitor uses a panel to track people’s views on issues. I...

Partner Content
The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.

Sponsored
Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.