My Account Menu

CAPA Login


Register to trial CAPA Membership!

Air New Zealand profit before tax falls sharply in FY2011

25-Aug-2011 10:30 AM

Air New Zealand revenue up 7% – financial highlights for the 12 months ended 30-Jun-2011:

  • Revenue: USD2910 million, +6.7% year-on-year;
  • Operating costs: USD3037 million, +10.2%;
    • Fuel: USD895.0 million, +15.4%;
    • Labour: USD853.7 million, +5.9%;
  • Profit before tax: USD60.3 million, -40.7%;
  • Net profit: USD66.9 million, -1.2%;
  • Total assets: USD4047 million, +6.6%;
  • Bank and short-term deposits: USD710.0 million, -19.4%;
  • Total liabilities: USD2805 million, +12.1%;
  • Passenger numbers: 13.1 million, +6.3%;
  • Passenger load factor: 83.4%, +1.6 ppt;
  • Passenger yield: USD 10.82 cents, +2.0%;
    • Short-haul: USD 14.37 cents, -1.7%;
    • Long-haul: USD 8.09 cents, +4.3%;
  • Cargo yield: +5%;
  • Cost per ASK: USD 9.36 cents, +7.7%;
  • Cost per ASK excl fuel: USD 6.61 cents, +5.7%. [more]

*Based on the conversion rate at USD1 = NZD1.21124

Air New Zealand: “In the absence of further deterioration in global economic conditions and an escalation in fuel prices we expect a better financial performance in the 2012 financial year,” Company statement. Source: Air New Zealand, 25-Aug-2011.