Airways NZ forecasts 2015 profit to rise 27%, after missing 2014 target

Wed, 20 Aug 2014

By Tina Morrison Aug. 20 (BusinessDesk) - Airways Corp. of New Zealand expects to boost profit 27 percent this year, after missing its target last year, on optimism the state-owned air traffic controller's global commercial partnerships will start to bear fruit. The Wellington-based company forecasts net operating profit after tax of $15 million in 2015, after posting a profit of $11.8 million in the 12 months ended June 30, short of its $14.6 million target, according to its annual report. In 2013, profit of $21.8 million was boosted by...

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