Air NZ flags 20% rise in profit

Air New Zealand has forecasted a 20% rise in pre-tax profit for the first half of the year, expecting earnings before tax to reach NZ$167 million (US$152 million).

Air New Zealand's confidence in its profit forecast is bolstered by solid bookings leading up to the busy Christmas-New Year holiday period.

While Air New Zealand is forecasting a 20% rise in pre-tax profit, Qantas has warned of a potential pre-tax loss of up to $300 million in the first half.

The expected profit increase for Air New Zealand is largely due to strong bookings ahead of the holiday season, which boosts the airline's confidence in its financial performance.

Air New Zealand is expecting to earn NZ$167 million (US$152 million) before tax for the six months to December.

The Christmas-New Year period is significant for Air New Zealand as it typically sees a surge in bookings, which is a key factor in the airline's positive profit forecast.

For everyday investors, Air New Zealand's positive profit forecast could indicate a strong financial performance, potentially making it an attractive investment opportunity.

Air New Zealand is expecting a 20% increase in its pre-tax profit for the first half of the year.