AIR
10/12/2013 12:51
FORECAST
REL: 1251 HRS Air New Zealand Limited (NS)
FORECAST: AIR: Air New Zealand profit update
The company has made good progress year to date and remains on target to
exceed last year's earnings for the full year.
With sufficient confidence in the expected outcome of the important December
month, together with the greater certainty around the costs for voluntary
redundancy from recent labour contract settlements, the company expects
Earnings Before Taxation for the six months to 31 December 2013 (including
redundancy costs estimated at $10 million) to exceed the previous
corresponding period by approximately 20 percent.
ENDS
End CA:00244958 For:AIR Type:FORECAST Time:2013-12-10 12:51:48
Price at posting:
$1.63 Sentiment: None Disclosure: Held
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