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