AirNZ announces record result - $180M profit expects $300M for full year

[markis10]

Air New Zealand has announced a record interim result for the first half of the 2014 financial year.

The airline today announced normalised earnings before taxation for the half-year of $180 million, an increase of 29% on the previous corresponding period. Statutory earnings before taxation were $197 million, with net profit after taxation of $140 million, an increase of 40%.

The Board has declared a fully imputed interim dividend of 4.5 cents per share, an increase of 50% over the previous corresponding period.

Chairman Tony Carter says that with stable fuel prices and a traditional seasonal earnings pattern of a stronger first half, Air New Zealand expects to deliver a full year result of normalised earnings before taxation in excess of $300 million.

http://theflyingsocialnetwork.com/site/article/air-new-zealand-delivers-record-interim-result

 

[SeatBackForward]

Chairman Tony Carter says that with stable fuel prices and a traditional seasonal earnings pattern of a stronger first half, Air New Zealand expects to deliver a full year result of normalised earnings before taxation in excess of $300 million.

So much for raising "fuel surcharges"

Well done AirNZ shareholders.

 

[gwilli1]

Fantastic result for AirNZ .

 

[burmans]

So much for raising "fuel surcharges"

Well done AirNZ shareholders.

I think you'll find they define stability in NZ$ terms, have you seen what has happened to the NZ $ in the last 6 months or so in relation to the AUD (the AUD/NZD rate has moved for ~ 1.21 to 1.08), that probably offsets any rise in fuel prices in AUD/USD terms. Not sure that lesson can therefore be applied to Qantas for example given the relative currency values.

 

[pauly7]

Air NZ has few parallels that can be drawn closely to any other airline given their history, circumstances.

As a personal recipient of their price gouging customers on their monopoly routes I don't hold much of a candle for them.