Air New Zealand profits dive 31% | The Malaysian Insight

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Air New Zealand profits dive 31%

Air New Zealand forecast growth of 7-8% in its long-haul operations, after introducing new destinations Seoul and Chicago. – EPA pic, August 22, 2019.

AIR New Zealand announced a 31% fall in annual net profit today due to higher fuel prices and waning domestic demand. The flag carrier said net profit to the end of June was NZ$270 million , down from NZ$390 million a year earlier. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

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