Air NZ profit expected to be healthy

Sunday, 23 Aug, 2006 0

Analysts are expecting Air NZ to post a profit of $140 million before interest and tax, as the airline itself indicated in June.

The airline’s optimism was based on a 10 per cent hike in airfares and more demand for premium long-haul seats.

Analysts will also be looking for some confirmation that a heavy number of layoffs and plans for outsourcing will result in lower costs.

It has outsourced aircraft engine maintenance and cleaning, signalled head office cuts and, it is rumoured, plans to outsource most of its finance and ground work to save $250 million.

Looking ahead, persistently high oil prices and the less profitable trans-Tasman and Asian routes are likely to drag on next year’s profitability.



 

profileimage

Graham Muldoon



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...