Air NZ results break records

BTN News
Friday, 26 August 2016

Air New Zealand reported earnings before other significant items and taxation for the 2015-2016 financial year of NZ$806 million, compared to NZ$474 million in the prior year. Earnings before taxation were NZ$663 million with net profit after taxation of NZ$463 million, an increase of 40 per cent and 42 per cent, respectively.
 


A 2016 final fully imputed ordinary dividend has been declared of NZ$0.10 per share, bringing the full year ordinary declared dividends to NZ$0.20 per share, an increase of 25 per cent on the prior year. The Board also declared a fully imputed special dividend of NZ$0.25 per share.  
 
In recognition of the record result, the Board has awarded a Company Performance Bonus of up to NZ$2,500 that will be paid next week to 8,200 Air New Zealanders who do not have other incentive programs as part of their employment agreement.
 
Chief executive  Christopher Luxon says the airline ended the year with customer satisfaction at record highs, brand health in excellent shape, the number one corporate reputation in New Zealand, and the staff culture at the airline continuing to further improve.
 
“These are the best results ever in our 76 year history and I am extremely proud of the airline’s achievements, our people and the contribution we make to supercharging New Zealand’s success.  Alongside connecting New Zealanders and Kiwi businesses with each other and the world, we employ 11,300 staff, will pay the government around NZ$260 million in total dividends and will pay income tax of around NZ$200 million for the year,” said Luxon.
 
Looking ahead Luxton said: “There’s no doubt customers have more choice but we are confident that we have the right pricing, products and services to stay a step ahead of the competition as we grow our business at home and overseas.”
 
Given the uncertain impact of competition and based on the current market conditions, the airline expects earnings before taxation for the full year 2017 to be in the range of NZ$400 million to NZ$600 million.

Air NZ results break records

BTN News
Friday, 26 August 2016

Air New Zealand reported earnings before other significant items and taxation for the 2015-2016 financial year of NZ$806 million, compared to NZ$474 million in the prior year. Earnings before taxation were NZ$663 million with net profit after taxation of NZ$463 million, an increase of 40 per cent and 42 per cent, respectively.
 


A 2016 final fully imputed ordinary dividend has been declared of NZ$0.10 per share, bringing the full year ordinary declared dividends to NZ$0.20 per share, an increase of 25 per cent on the prior year. The Board also declared a fully imputed special dividend of NZ$0.25 per share.  
 
In recognition of the record result, the Board has awarded a Company Performance Bonus of up to NZ$2,500 that will be paid next week to 8,200 Air New Zealanders who do not have other incentive programs as part of their employment agreement.
 
Chief executive  Christopher Luxon says the airline ended the year with customer satisfaction at record highs, brand health in excellent shape, the number one corporate reputation in New Zealand, and the staff culture at the airline continuing to further improve.
 
“These are the best results ever in our 76 year history and I am extremely proud of the airline’s achievements, our people and the contribution we make to supercharging New Zealand’s success.  Alongside connecting New Zealanders and Kiwi businesses with each other and the world, we employ 11,300 staff, will pay the government around NZ$260 million in total dividends and will pay income tax of around NZ$200 million for the year,” said Luxon.
 
Looking ahead Luxton said: “There’s no doubt customers have more choice but we are confident that we have the right pricing, products and services to stay a step ahead of the competition as we grow our business at home and overseas.”
 
Given the uncertain impact of competition and based on the current market conditions, the airline expects earnings before taxation for the full year 2017 to be in the range of NZ$400 million to NZ$600 million.