24 Aug 2023

AirNZ profits sky high, but warning uncertain economic environment

From Checkpoint, 5:17 pm on 24 August 2023

Air New Zealand profits are sky high: $585 million to be exact.

The national carrier reported its full year profit today with revenue up nine percent on pre-covid levels.

Things are so good the airline is planning to pay its workers chunky thank-you bonuses.

But it's basically issued an inflight warning of an uncertain economic environment, volatile fuel prices, wage inflation, and a weaker NZ dollars and increased airport charges.

Air New Zealand chief executive Greg Foran joined Lisa Owen in studio.