Turnaround for Air NZ after strong demand

Turnaround for Air NZ after strong demand
Domestic capacity is at 94% of pre-covid levels, and international at 60%. (Image: Getty)
Staff reporters
Air New Zealand is back into profit, reporting pre-tax earnings of $299 million for the six months to December 31.The airline's figure for earnings before tax compared to a loss of $376m for the equivalent interim period last year.This result was at the lower end of guidance of $295m to $325m pre-tax profit and below some analyst expectations.Following three years of covid-related losses, the airline says the result reflects sustained demand strength, particularly across the summer peak period, a return in business travel and overseas touri...

More Markets

Expectations of rate cuts boost NZ sharemarket in light trade
Markets Market close

Expectations of rate cuts boost NZ sharemarket in light trade

There were 89 rises and 48 falls on the main board.

Smart CEO Anna Scott resigns
Markets

Smart CEO Anna Scott resigns

Anna Scott will take up her new role on October 1.

Fonterra’s NZ milk collections hit five-year high
Primary Sector

Fonterra’s NZ milk collections hit five-year high

The increased production comes as forecast milk prices point to record levels.