Air NZ pre-tax profit up 40% to NZ$663 million.
Air New Zealand has just announced its financial results for 2015/16, with the figures the best ever in the airline’s 76-year history. Operating revenue jumped 6.2% to NZ$5.2 billion and earnings before other significant items and taxation were up 70% to $806 million.
The statutory pre-tax profit was NZ$663 million and ceo Christopher Luxon also highlighted record customer satisfaction, excellent “brand health” and the number one corporate reputation in New Zealand.
“I am extremely proud of the airline’s achievements, our people and the contribution we make to super charging New Zealand’s success,” he said. “Alongside connecting New Zealanders and Kiwi businesses with each other and the world, we employ 11,300 staff, will pay the government around $260 million in total dividends and will pay income tax of around $200 million for the year.”
Luxon said group capacity was expected to grow between 4% and 6% during 2016/17, with the carrier reporting a fully imputed final dividend of 10c per share, bringing the total payout for the year to 20c – along with a special dividen of 25c per share.
More details in today’s issue of Travel Daily.