Air NZ preps for more capital returns

Air NZ preps for more capital returns
Airfares are flying high, along with a lot of New Zealanders. (Image: BusinessDesk)
Pattrick Smellie
Air New Zealand is setting the stage for more capital returns to shareholders over the next two years as it targets a new range of capital management metrics.The national carrier made a down payment today with a special dividend of six cents per share, fully imputed, at the same time as it announced a $1.3 billion earnings turnaround.The rebound from a covid-induced pre-tax loss of $810 million in the 2022 financial year produced a $574m pre-tax profit in the year to June 30, the airline’s second-best-ever earnings performance as it...

More Infrastructure

Waste is Money: What we learned
Infrastructure

Waste is Money: What we learned

The series covered big and small firms, safety, lobbying, recycling and council contracts.

Cécile Meier 28 Nov 2023
Check-in for negotiations, check-out with a coalition
Infrastructure

Dileepa Fonseka: Check-in for negotiations, check-out with a coalition

Auckland hotels have been doing well out of deal-making to form the new government.

Dileepa Fonseka 20 Nov 2023