More flight discounts ahead as Air NZ fleet expands

Tue, 24 Feb 2015

By Fiona Rotherham Feb. 25 (BusinessDesk) - Kiwi travellers can expect competitive discounting on flights as Air New Zealand adds 12 percent capacity on its network in the next six months. The airline today announced a record 20 percent lift in normalised earnings before tax of $216 million for the six months ending Dec. 31 following growth in revenue and yields. However, statutory net profit fell six per cent to $133 million due to equity accounting losses of $14 million from its cornerstone stake in Virgin Australia, tax increasing $35...

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