Air NZ In $1.38 Billion Turnaround

Air NZ has posted a $1.38 Billion Turnaround from a loss of $810 million last financial year to post a $585 million profit for FY23.

The airline attributed the profit to “demand for air travel that exceeded expectations which has led to a rapid recovery.”

Air NZ said that the profit will help fund aircraft, digital investments and facilities, building a stronger airline for New Zealand.  

In line with market guidance provided in June 2023, Air NZ ’s earnings before other significant items and taxation were $585 million for the 2023 financial year. Statutory earnings before taxation were $574 million, compared with read more ⇒

Source:: AirlineRatings.Com

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