AIR

Air New Zealand first-half profit drops 38%

Credit: REUTERS/NIGEL MARPLE

Feb 22 (Reuters) - Air New Zealand AIR.NZ reported a 38% drop in its half-yearly profit on Thursday, impacted by inflationary pressures and ongoing supply chain issues, primarily the Pratt & Whitney engine maintenance requirements on the company's A321neo fleet.

The airline reported statutory profit before tax of NZ$185 million ($114.18 million) for the six months ended Dec. 31, lower than NZ$299 million reported a year earlier.

It declared an unimputed ordinary interim dividend of 2.0 New Zealand cents per share.

($1 = 1.6202 New Zealand dollars)

(Reporting by Adwitiya Srivastava and Rajasik Mukherjee in Bengaluru; Editing by Pooja Desai)

((Adwitiya.Srivastava@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.