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Air NZ looking good for year profit

22 August 2006

Air New Zealand’s annual result on Friday is expected to be a positive one after it raised its fares in May to cope with higher fuel prices.

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

source: stuff.co.nz

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