Air New Zealand delivers its best result in five years in FY2013

Air New Zealand revenue up 3% - financial highlights for 12 months ended 30-Jun-2013:

• Operating revenue: NZD4618 million (USD3794 million), +3.0% year-on-year;
• • Passenger: NZD3765 million (USD3093 million), +3.6%;
  • Cargo: NZD301 million (USD247 million), +1.0%;
• Operating costs: NZD3720 million (USD3056 million), -1.3%;
• • Fuel: NZD1204 million (USD989 million), -1.2%;
  • Labour: NZD1069 million (USD878 million), +1.8%;
• Profit before tax: NZD256 million (USD210 million), +172%;
• Net profit: NZD182 million (USD150 million), +156%;
• Passenger numbers: 13.4 million, +2.2%;
• • Short-haul: 11.9 million, +2.6%;
  • Long-haul: 1.5 million, -0.9%;
• Passenger load factor: 83.6%, +0.8 ppt;
• • Short-haul: 83.2%, -0.1 ppt;
  • Long-haul: 84.0%, +1.6 ppt;
• Yield: NZD 13.6 cents (USD 11.2 cents), +0.9%;
• • Short-haul: NZD 17.0 cents (USD 14.0 cents), -2.3%;
  • Long-haul: NZD10.6 cents (USD 8.7 cents), +4.3%;
• Total assets: NZD5612 million (USD4611 million);
• Bank and short-term deposits: NZD1150 million (USD945 million);
• Total liabilities: NZD3796 million (USD3119 million). [more - original PR]

*Based on the average conversion rate at USD1 = NZD1.2172

Air New Zealand: "We are focused on further improving on this result in the 2014 financial year. Based on the airline's forecast of market demand and fuel prices at current levels, early results and forward bookings are encouraging," John Palmer, Chairman. Source: Company statement, 29-Aug-2013.