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.