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Air New Zealand reports profit growth in FY2012, expects more than 100% improvement in FY2013 PBT

30-Aug-2012 9:52 AM

Air New Zealand revenue up 3% – financial highlights for 12 months ended 30-Jun-2012:

  • Operating revenue: NZD4483 million (USD3604 million), +3.3% year-on-year;
    • Passenger: NZD3634 million (USD2922 million), +3.1%;
    • Cargo: NZD298 million (USD240 million), +7.2%;
  • Operating costs: NZD3768 million, +2.4%;
    • Fuel: NZD1219 million (USD980.1 million), +12.5%;
    • Labour: NZD1050 million (USD844.2 million), +1.5%;
  • EBITDAR: NZD715 million (USD574.9 million), +7.8%;
  • Normalised profit before tax: NZD91 million (USD73.2 million), +21.3%;
  • Net profit: NZD71 million (USD57.1 million), -12.3%;
  • Passenger numbers: 13.1 million, +0.1%;
    • Short-haul: 11.5 million, +0.6%;
    • Long-haul: 1.6 million, -3.2%;
  • Passenger load factor: 82.8%, -0.6 ppt;
    • Short-haul: 83.1%, +0.2 ppt;
    • Long-haul: 82.6%, -1.3 ppt;
  • Yield: NZD 13.5 cents (USD 10.9 cents), +3.1%;
    • Short-haul: NZD 17.6 cents (USD 14.2 cents), +1.1%;
    • Long-haul: NZD 10.2 cents (USD 8.2 cents), +4.1%;
  • Total assets: NZD5459 million (USD4389 million), +11.4%;
  • Bank and short-term deposits: NZD1029 million (USD827.3 million), +19.7%;
  • Total liabilities: NZD3771 million (USD3032 million), +11.0%. [more – original PR]

*Based on the average conversion rate at USD1 = NZD1.2438 for the period

Air New Zealand: “Despite the uncertain global economy, assuming our current forecast of market demand and fuel prices at current levels, we expect to deliver a more than 100% improvement in normalised earnings before taxation in the 2013 financial year,” John Palmer, chairman. Source: Company statement, 30-Aug-2012.