Air New Zealand reports drop in first half profit after fuel prices rise

Air New Zealand says it is on track to post an improved financial result for the full 2017/18 year despite suffering a near 10 per cent decline in first half net profit amid higher fuel prices. The company posted net profit after taxation of NZ$232 million (A$218 million) for the six months to December 31 2017, down 9.4 per cent from NZ$256 million in the prior corresponding period. Revenue rose 5.3 per cent to NZ$2.74 billion, Air New Zealand said in a regulatory filing to the New Zealand and… (australianaviation.com.au) Altro...