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Air New Zealand reports decline in full year profit

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  • Air New Zealand reports decline in full year profit

    Air New Zealand says it is optimistic about the year ahead as the competitive environment eases after reporting a 17.5 per cent decline in full year profit in 2016/17 as it battled the arrival of new entrants into its home market.

    Net profit for the 12 months to June 30 2017 came in at NZ$382 million (A$351 million), down from NZ$463 million (A$426 million) in the prior corresponding period, but still the second highest result in the airline’s history.
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  • #2
    And as such, they still get a $1700 bonus each..
    So much so, about 8500 Air New Zealand staff who were not part of other incentive programmes were paid a $1700 bonus - slightly down on last year's $2500 bonus.
    Posts not to be taken as official support representation - Just a helpful uploader who tinkers