Air NZ looking good for year profit
22 August 2006Air 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
