Air NZ sees blue sky ahead
Air New Zealand is forecasting a strong improvement in financial performance after announcing earnings before tax for the 2012 financial year of NZD91 million, up 21% on 2011.
Net profit after tax was NZD71 million, down 12% on 2011 but ahead of expectations.
Chairman John Palmer said the worst impacts of natural disasters like the Christchurch earthquake and tsunami in Japan were behind the airline, "which means growth opportunities are no longer suppressed".
Palmer said AirNZ had a clear strategy to strengthen Australasian operations, "while being ahead of target in restructuring our international long-haul network to improve financial performance".
He said the airline expected to deliver a more than 100% improvement in earnings before tax in the 2013 financial year.
Chief executive Rob Fyfe says that Air New Zealand had delivered the most consistent and best relative financial performance of any Australasian airline over the past three years, "yet is far from achieving its potential".
He said says the move to strengthen Air New Zealand’s Australasian position by developing a closer, more effective relationship with Virgin Australia is now well advanced.
Ian Jarrett
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
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Singapore to forbid entry to undesirable travelers with new no-boarding directive
In Italy, the Meloni government congratulates itself for its tourism achievements