Company Watch - Air New Zealand.For more company news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Aug 28, 2006 Air New Zealand Parameter not given Error... ''Template needs its first parameter as beg[in], mid[dle], or end. Parameter not given Error... has reorganized re·or·gan·ize v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es v.tr. To organize again or anew. v.intr. To undergo or effect changes in organization. its heavy engine maintenance divisions. in the past year, with a loss of 200 jobs and is in the midst Adv. 1. in the midst - the middle or central part or point; "in the midst of the forest"; "could he walk out in the midst of his piece?" midmost of cutting more than 400 further jobs in its corporate structure. The company has increased fares to combat rising fuel costs, proposed a code-sharing agreement with Australian carrier on trans-Tasman routes and is revamping long-haul routes. Aug 25, 2006 Air New Zealand operating revenue operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. for the year was up 5 percent to NZD NZD In currencies, this is the abbreviation for the New Zealand Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $3.8 billion (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $2.41 billion), while expenses rose 7 percent to NZD$3.7 billion (USD$2.35 billion). It said its fuel bill had risen by NZD$275 million (USD$174.6 million) although it had booked fuel hedge gains of NZD$70 million (USD$44.4 million). For the coming year it has 60 percent of its oil usage hedged at USD$71 a barrel. Aug 25, 2006 Air New Zealand Profit Down On Fuel Costs. Air New Zealand posted a 47 percent fall in annual profit on Friday as higher fuel costs offset increased passenger numbers and cost cutting. The national carrier, which has been undergoing restructuring and outsourcing of various operations, said a 44 percent rise in the price of jet fuel was largely responsible for the fall in profits and would directly influence the coming year's result. Net profit after tax for the 12 months to June 30 was NZD$96 million (USD$60.9 million), compared with last year's NZD$180 million (USD$114.2 million). Aug 25, 2006 |
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