Air NZ posts higher normalised earnings; forecasts strong second half result

Tue, 24 Feb 2015

By Fiona Rotherham Feb. 25 (BusinessDesk) - Air New Zealand has posted a 6 per cent fall in net profit for the half year but had record normalised earnings before tax of $216 million, up 20 percent, driven by lower fuel prices and increased numbers of travellers. Net profit was $197 million for the six months ending Dec.31 with the result including equity accounting losses of $14 million from the New Zealand national carrier's stake in Australian airline Virgin Australia, Revenue grew 3.4 percent to $2.4 billion, underpinned by increa...

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