UPDATE: Air NZ delivers record 1H profit on rise in passenger demand and lower fuel costs

Fiona Rotherham
Wed, 24 Feb 2016

(adds extra details and CEO comment)  By Fiona Rotherham Feb. 25 (BusinessDesk) - Air New Zealand posted a record pretax profit in the first half, up 132 percent on a year ago, due to lower fuel prices and a jump in passenger revenue as the country's national airline added new routes and more aircraft. Pretax earnings rose to $457 million in the six months ended Dec. 31, from $216 million a year earlier, the Auckland-based company said in a statement. The company forecast earnings of $400 million, excluding any equity accounting contri...

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