Air New Zealand net profit down 31% in FY2019, highest unit revenue from domestic operation

    Air New Zealand reported (22-Aug-2019) the following financial highlights for the 12 months ended 30-Jun-2019:

    • Operating revenue: NZD5785 million (USD3880 million), +5.3% year-on-year;
      • Passenger: NZD4960 million (USD3327 million), +5.6%;
      • Cargo: NZD390 million (USD261.6 million), +0.8%;
    • Operating costs: NZD4605 million (USD3089 million), +9.6%;
      • Labour: NZD1351 million (USD906.1 million), +4.4%;
      • Fuel: NZD1271 million (USD852.5 million), +28.8%;
    • Operating profit before finance costs, associates and tax: NZD368 million (USD246.8 million), -31.9%;
    • Net profit: NZD270 million (USD181.1 million), -30.8%;
    • Yield: NZD 12.9 cents (USD 8.7 cents), +0.8%;
    • Revenue per ASK: NZD 10.8 cents (USD 7.2 cents), +1.6%;
      • Domestic: NZD 22.5 cents (USD 15.1 cents), +2.1%;
      • Tasman and Pacific Islands: NZD 9.6 cents (USD 6.4 cents), -0.1%;
      • International: NZD 8.1 cents (USD 5.4 cents), +2.7%;
    • Cost per ASK: NZD10.0 cents (USD 6.7 cents), +5.3%;
    • Total assets: NZD7756 million (USD5202 million);
      • Bank and short term deposits: NZD1055 million (USD707.6 million);
    • Total liabilities: NZD5667 million (USD3801 million).