24 Feb 2011

Air New Zealand profit surges

10:58 am on 24 February 2011

Air New Zealand has boosted its half year profit as passenger numbers increased.

The national carrier made $98 million in the final six months of 2010, an increase of 75% from the same time a year earlier.

Revenue rose nine percent to $2.2 billion as it carried more passengers and cargo and yields improved.

The airline hasn't issued full year profit guidance, and says volatile fuel prices remain a significant risk.

It is also focussed on Christchurch, and helping with the recovery from the earthquake.

Air New Zealand will pay an interim dividend of three cents a share, unchanged from last year.