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TD breaking news – NZ$496 million profit for Air New Zealand

Record result for Air New Zealand up 49% on previous period. 

Air New Zealand has just released its 2015 annual results, with “normalised earnings before taxation” of NZ$496 million and statutory net profit after tax of $327 million.

The result was driven by strong demand and capacity growth, with operating cashflow of $1.1 billion up more than 50% on 2013/14.

“Our strategic initiatives over the past three years have positioned us well to take advantage of market dynamics which have contributed to these results,” said chairman Tony Carter.

CEO Christopher Luxon said the carrier remains focused on the Pacific Rim, with the upcoming debut of non-stop flights from Auckland to Houston and Buenos Aires. “And while we are gearing up to launch these exciting new routes we have a team assessing potential new opportunities in Australia, Asia and the Americas,” he said.

8,000 Air NZ staff who are not on other incentive programs will receive payments of up to $1,400 under the Company Performance Bonus scheme. while the Board has declared a final ordinary dividend of 9.5c per share, bringing total dividends paid this year to 16c, up 60%.

More details in today’s issue of Travel Daily.


The above Breaking News Alert was sent to Travel Daily subscribers on 26 Aug 15

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