WELLINGTON, New Zealand (AP) — New Zealand's national airline on Friday posted a record profit thanks to surging tourism and lower fuel costs, but warned it expected increased competition from rival international carriers in the year ahead. Air New Zealand Chief Executive Christopher Luxon said in a statement that competition is increasing because tourism to the South Pacific nation remains strong and lower fuel costs make the country a more viable destination for rivals.
Air New Zealand Posts Record Profit But Warns Of Competition
National/International Headline List General Wire, San Antonio Express-News: World
Thu, 08/25/2016 - 11:49pm
BING NEWS:
- Kathmandu owner posts $48.3 million loss
The loss comes amid a downturn in the wider sector and a one-off write-down in the value of its US footwear brand Oboz.
09/24/2024 - 12:50 pm | View Link - Fonterra's full year profit eases back from last year's record high
It was lower than last year's record high, but still topped the billion dollar mark.
09/24/2024 - 11:13 am | View Link - More
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