close
MENU
Investment
2 mins to read

Air NZ HY profit slumps, announces review of fares and capacity

Airline saw higher passenger revenue but also higher costs in the six months to the end of December.

An Air New Zealand widebody jet taxis on the tarmac.

Will Mace Thu, 22 Feb 2024
Key points
  • Revenue: $3.1 billion, up from $2.5b in the first half of FY23
  • Profit: $129 million, down from $213m.
  • Key takeaway: Air New Zealand is reviewing its fares and capacity to “better reflect ongoing cost pressure”.

Air New Zealand is reviewing its fares and capacity to “better reflect ongoing cost pressure” after this morning reporting a drop in earnings and profit for the first half of its 2024 financial year.

The airline disclosed revenue of nearly $3.1 billion, up from $2.5b in the first half of FY23,

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Will Mace Thu, 22 Feb 2024
Contact the Writer: william@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Key points
  • Revenue: $3.1 billion, up from $2.5b in the first half of FY23
  • Profit: $129 million, down from $213m.
  • Key takeaway: Air New Zealand is reviewing its fares and capacity to “better reflect ongoing cost pressure”.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Air NZ HY profit slumps, announces review of fares and capacity
Investment,
102833
true