Loading
25-Aug-2011 10:30 AM

Air New Zealand profit before tax falls sharply in FY2011

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.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More