Report
Daniel Ragonese
EUR 101.80 For Business Accounts Only

Air New Zealand’s Strong Revenue Growth Offset by Higher Fuel Bill

Air New Zealand started fiscal 2018 softer than expected, with underlying net profit after tax down 9% to NZD 232 million. However, the prior period included an AUD 22 million gain related to the sale of Virgin Australia, which if excluded would have resulted in a flat performance on the prior year. Despite this softer-than-expected first-half performance, the company remains optimistic about the second-half outlook. Management expects fiscal 2018 profit before tax to exceed fiscal 2017, notwith...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Daniel Ragonese

Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch