Air New Zealand reports best results ever in 76 year history in FY2016

Air New Zealand revenue up 6% - financial highlights for 12 months ended 30-Jun-2016:

• Operating revenue: NZD5231 million (USD3496 million), +6.2% year-on-year;
• • Passenger: NZD4481 million (USD299 million), +8.9%;
  • Cargo: NZD349 million (USD233 million), +10.1%;
  • Contract services: NZD172 million (USD115 million), -33.3%;
• Operating costs: NZD4398 million (USD2939 million), +0.5%;
• • Labour: NZD225 million (USD818.6 million), +2.7%;
  • Fuel: NZD846 million (USD565.4 million), -22.3%;
• Operating profit: NZD833 million (USD556.7 million), +52.0%;
• Net profit: NZD463 million (USD309.4 million), +41.6%;
• Passenger numbers: 15.2 million, +6.0%;
• • Domestic: 9.7 million, +5.2%;
  • Tasman and Pacific Islands: 3.5 million, +3.5%;
  • International: 1.9 million, +16.0%;
• Yield: NZD 13.5 cents (USD 9.0 cents), -1.8%;
• • Domestic: NZD 27.1 cents (USD 18.1 cents), -5.4%;
  • Tasman and Pacific Islands: NZD 11.9 cents (USD 8.0 cents), +0.1%;
  • International: NZD 10.8 cents (USD 7.2 cents), +1.5%;
• Total assets: NZD7251 million (USD4846 million);
• Bank and short-term deposits: NZD1594 million (USD1065 million);
• Total liabilities: NZD5143 million (USD3437 million). [more - original PR]

*Based on the average conversion rate at NZD1 = USD0.668274

Air New Zealand: "Given the uncertain impact of competition and based upon current market conditions, 2017 earnings before taxation are expected to be in the range of NZD400 million to NZD600 million. Assumes jet fuel at USD55 per barrel for the remainder of the year." Source: Company statement, 26-Aug-2016.