The airline confirmed today full-year underlying pretax loss of A$49 million in the year ended of June 2015.
Steven Newman said the company's profit was in line with expectations in the three months ended June 30.
Profit was $12.1 million, or 10.3 cents a share.
Revenue rose to $A1.27 billion from $1.15 billion across New Zealand and the Pacific.
Lion reported an overall 7.5% drop in operating earnings in a trading update for the half year ending March 31.
First quarter sales doubled to $945,000.
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