UPDATE: Air NZ's Luxon trumpets record result in global airline market where many struggle

Tue, 25 Aug 2015

(Adds CEO comment, detail throughout, clarifies guidance in 3rd graph) By Fiona Rotherham Aug. 26 (BusinessDesk) - Air New Zealand chief executive Christopher Luxon says the national carrier's record result stacks up against any airline in the world, and was underpinned by strong demand, cost efficiencies and cheaper fuel. Net profit rose to $327 million in the 12 months ending June 30, from $263 million a year earlier, the Auckland-based company said in a statement. The result included a $29 million loss on Air New Zealand's 26 percen...

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