Here’s a brief summary of yesterday’s annual results releases:
Air New Zealand
The day started with the flag carrier carrier at the very end of the world announcing it’s best annual result for five years with a underlying pre-tax profit of NZ$256 million, a statutory profit of NZ$183 million a 156 per cent increase on FY2011/12. This was on a slight three per cent increase in revenue to NZ$4.618 billion.
This strong result was supported by ANZ’s strongest load factor results in five years of 83.6 per cent. This was an increase of .8% over last year and came even as the airline grew Available Seat Kilometre (ASK) capacity by 1.7 per cent across its network.