Air NZ says full-year earnings to rise more than 17 percent after record first half

Wed, 26 Feb 2014

Feb. 27 (BusinessDesk) – Air New Zealand, the state-controlled airline, said full-year earnings will rise more than 17 percent after reining in fuel costs to deliver a record first-half profit. Normalised earnings before tax would be in excess of $300 million in the year ending June 30, the Auckland-based company said in a statement. It earned $256 million on that basis a year earlier. The airline made the forecast after posting first-half profit of $140 million, up from $100 million a year earlier, beating the $130 million forecast of First...

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