UPDATE: Air NZ posts 7.4% decline in 1H pretax profit as fuel prices bite

Wed, 21 Feb 2018

(Updates to add detail throughout, includes broker comment in paragraph 8, updates shares) By Rebecca Howard Feb. 22 (BusinessDesk) - Air New Zealand posted a 7.4 percent fall in first-half pretax profit as rising fuel prices offset record high passenger revenue and after the prior period benefited from a one-off gain. Pretax earnings fell to $323 million in the six months ended Dec. 31 from $349 million in the same period a year earlier, the Auckland-based company said in a statement. The prior period included a $22 million gain rel...

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