WELLINGTON Feb 23 Air New Zealand
posted a 24 percent decline in half-year profit on Thursday,
hurt by a jump in fuel prices and as rival airlines expand
rapidly into the market.
Net profit for the national carrier came in at NZ$256
million ($183.86 million) for the six months to Dec. 31, down
from a half-year record of $NZ338 million in the same period
It will pay an interim dividend of NZ$0.10 per share, in
line with NZ$0.10 a year ago.
The company forecast full-year earnings between NZ$475 to
It has previously guided for a full-year pre-tax profit
between NZ$400 million and NZ$600 million.
($1 = 1.3924 New Zealand dollars)
(Reporting by Charlotte Greenfield; Editing by Edwina Gibbs and