30-Aug-2012 9:52 AM
Air New Zealand reports profit growth in FY2012, expects more than 100% improvement in FY2013 PBT
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.