FIRST CUT: Air NZ delivers bumper pre-tax profit for 2016 FY of $663 mln

Thu, 25 Aug 2016

By Fiona Rotherham Aug. 26 (BusinessDesk) - Air New Zealand, the country’s largest airline, has reported a 40 percent boost in full-year pre-tax profit of $663 million on the back of higher passenger numbers due to the tourism boom and lower fuel prices to produce the best result in its 76-year history. Net profit for the financial year to June 30 was $463 million, up 42 percent on the previous year while record earnings before other significant items and tax of $806 million were up 70 percent, the Auckland-based company said. The boar...

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