Air New Zealand reports 15% fall in annual profit

Reuters
08/28
<a href="https://laohu8.com/S/ANZFF">Air New Zealand</a> reports 15% fall in annual profit

Aug 28 (Reuters) - Air New Zealand AIR.NZ posted a 15% fall in its annual earnings on Thursday, hurt by reduced aircraft capacity due to global engine maintenance issues.

New Zealand's flagship carrier reported earnings before taxation of NZ$189 million ($110.96 million) for the year ended June 30, compared with NZ$222 million a year earlier.

That compares with the Visible Alpha consensus estimate of NZ$178.6 million.

($1 = 1.7033 New Zealand dollars)

(Reporting by Rajasik Mukherjee and Keshav Singh Chundawat in Bengaluru; Editing by Alan Barona)

((Keshav.SinghChundawat@thomsonreuters.com))

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