Airways New Zealand reports 'strong performance' in FY2018

Airways New Zealand reported (05-Sep-2018) a "strong performance" for the year ending 30-Jun-2018, in a period of "historically high air traffic volumes and increased profits from its commercial businesses". Airways particularly noted contribution to the result from its commercial businesses, which increased 23% year-on-year, supported by a number of new contract wins and cost efficiencies achieved through restructuring. Airways CEO Graeme Sumner said: "It is particularly pleasing to note a solid result from our international businesses... Significant growth in the delivery of air traffic control training services, particularly in the Middle East and steady flows of domestic and international students are keeping our training campuses close to full capacity". Air traffic volumes remained "relatively stable after a number of years of sustained growth", Mr Sumner added. [more - original PR]