Air NZ reports record profit, flags headwinds in period ahead amid growing international competition

Air New Zealand has flagged tougher times ahead after reporting a record full year profit in 2015/16 as competition both at home and abroad heats up. The New Zealand carrier said net profit after tax for the 12 months to June 30 2016 came in at NZ$463 million, up 42 per cent from NZ$327 million in the prior corresponding period and the best result in the airline’s 76-year history. Earnings before taxation and other significant items, which excludes one-off charges and was regarded as the best… (australianaviation.com.au) More...