Air NZ flags 20% rise in profit

Air New Zealand has forecast a 20 per cent rise in pre-tax profits for the first half as solid bookings in the lead-up to the busy Christmas-New Year holiday period bolster its confidence. Days after Qantas warned it would slump to a pre-tax loss of up to $300 million in the first half, New Zealand's flag carrier said it had "sufficient confidence" in its expected bookings this month to forecast a 20 per cent rise in earnings before tax to $NZ167 million ($152 million) for the six months to December.

Air New Zealand has forecast a 20 per cent rise in pre-tax profits for the first half as solid bookings in the lead-up to the busy Christmas-New Year holiday period bolster its confidence. Days after Qantas warned it would slump to a pre-tax loss of up to $300 million in the first half, New Zealand's flag carrier said it had "sufficient confidence" in its expected bookings this month to forecast a 20 per cent rise in earnings before tax to $NZ167 million ($152 million) for the six months to December.

Join the Conversation...

There are comments posted so far.

If you'd like to join this conversation, please login or sign up here

Related Articles