Air New Zealand posts record an­nual profit & pre­dicts sig­nif­i­cant growth

The China Post - - WORLD BUSINESS -

Air New Zealand on Wed­nes­day un­veiled a record an­nual net profit and pre­dicted “sig­nif­i­cant” earn­ings growth in the cur­rent fi­nan­cial year.

Chief Ex­ec­u­tive Christo­pher Luxon said the NZ$327 mil­lion (US$212 mil­lion) re­sult, up 24.3 per­cent on the pre­vi­ous year, was due to strong de­mand, cost cut­ting and lower fuel prices.

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