Air NZ to reward staff after posting second highest earnings in history
Air New Zealand staff are to receive performance bonuses of up to NZ$1,700 after the carrier announced its second highest earnings in its history.
It made $527 million before tax in the 2017 financial year, compared to $663 million for the previous 12 months.
Net profit after tax was $382 million.
In recognition of the result, the Board has awarded a Company Performance Bonus of up to $1,700 to be paid next week to approximately 8,500 staff who do not have other incentive programmes as part of their employment agreement.
CEO Christopher Luxon said: "This year Air New Zealand faced an unprecedented increase in the level of competition from some of the world’s largest airlines and effectively rose to the challenge.
"The impressive way our team responded to the new competition while at the same time achieving commercial, customer and cultural excellence, helped to deliver our second highest profit ever."
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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