Photo: NZ HeraldAir New Zealand has roared back into profit, reporting pre-tax earnings of $299 million for the six months to December 31. The figure for earnings before tax compared to a loss of $376 million for the equivalent interim period last year. The latest result was at the lower end of guidance of $295m to $325m pre-tax profit and below some analyst expectations. Operating revenue was $3.1 billion and the airline flew eight million passengers compared to three million for the same period last year. Its after-tax net profit was $213m for the six months, compared to a loss of $272m in the previous period.

Source: New Zealand Herald February 23, 2023 02:28 UTC