NZ set to record profit increase of up to 20%

While Qantas has warned of a severe loss, Air New Zealand are forecasting a full year earnings boost of up to 20%.

The New Zealand National carrier has notified the New Zealand stock exchange that they look likely to record a profit of over $307M NZD in the 2014 full financial year.

Short Haul passenger numbers were up 1.6% on the same period last year. Demand
(RPKs) increased in the Domestic market by 2.4%, while capacity increased 3.7%.
Domestic load factor was down 1.0 percentage point to 80.2%.

Tasman/Pacific demand (RPKs) increased 1.2%, with capacity (ASKs) increasing 0.4%.
Load factor for Tasman/Pacific was up 0.7 of a percentage point to 85.1%.  

Air New Zealand have flagged they expect their Before Tax earnings for the 6 months to December 31st to be up 20%, compared to Qantas who expect to loose up to $300M AUD

Read more fro the nzherald.co.nz HERE or read the full Air New Zealand release to the NZX, including full RPK, ASK & LF data and upcoming changes to the Airpoints program HERE