The company’s pre-tax profit of NZ$91 was up 21% versus the prior year, and it is forecasting that its pre-tax profit will more than double for the current fiscal year through June 2013.
The airline is well ahead of its previously announced goal of identifying more than $NZ195 million in annual profitability improvements by 2015. Because it is ahead of schedule, the company setting a new target of NZ$250 million in improvements, with NZ$130 million to be achieved in the current fiscal year.