Air New Zealand has reported strong recovery in the first half of 2023, with statutory earnings before taxation of $299 million and revenue of $3.1 billion for the six months ending 31 December 2022.
This recovery is being driven by strong demand across the peak summer period, a return in business travel and overseas tourists, and cargo revenues above pre-Covid levels.
The airline flew eight million passengers compared to three million in the equivalent six-month period last year.
With the success of the interim result, the airline is well-positioned to support New Zealand's economic recovery and invest in its fleet, people and decarbonisation goals.
The airline has also announced that it will consider distributions to shareholders in August when the airline announces its 2023 annual financial results, and has provided guidance of earnings before other significant items and taxation in the range of $450 - $530 million for the year.
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