Crunch time ahead for Air New Zealand

Air New Zealand, despite its small size, has consistently performed well in recent years, boxing well above its weight in a highly competitive marketplace. And its 2008 full year results are no exception. The carrier unveiled a 1% reduction in net profit and a 24% fall in operating profit for the 12 months ended 30-Jun-08 - results that were broadly in line with expectations. Margins have been consistently positive over the past five financial years - a credit to the current management team.