Air NZ could have made ‘even more profit’ – Foran

Air NZ could have made ‘even more profit’ – Foran
Chief executive Greg Foran said the half year profit wouldn't even cover the cost of a single 787 Dreamliner. (Photo: Dan Brunskill)
Dan Brunskill
Air New Zealand chief executive Greg Foran has defended the airline’s $299 million half-year profit, saying it could’ve made even more money if it wanted to.After three years of losses, the airline has bounced back into the black. The company expects to report a before-tax profit of $450m to $530m in its full-year results in August. This could well be higher than both its 2019 and 2018 results – at $382m and $490m, respectively – but does little to make up the $1.8 billion loss in the past three years. Througho...

More Markets

NZ sharemarket down 0.3% on quiet day
Markets Market close

NZ sharemarket down 0.3% on quiet day

The S&P/NZX 50 Index closed at 13,088.31, down 42.12 points or 0.32%.

Graham Skellern 20 Jan 2025
City Developments wants the rest of MCK
Markets

City Developments wants the rest of MCK

It has offered $2.25 per share for the 24% stake.

Riley Kennedy 20 Jan 2025
NZ sharemarket up over 1.8% for the week
Markets Market Close

NZ sharemarket up over 1.8% for the week

The S&P/NZX 50 Index closed at 13,130.43, up 129.76 points or 1%.

Graham Skellern 17 Jan 2025
Surviving Trump's ‘whack-a-mole’ tariffs
Markets

Brian Robins: Surviving Trump's ‘whack-a-mole’ tariffs

Trump's end game is to curtail China's trade position.

Brian Robins 17 Jan 2025