Air New Zealand financial results dip

Air New Zealand has said that its earnings before taxation for the 2019 financial year of NZ$374 million ($239 million), compared to $540 million in the prior period – marking a 31% dip. Net profit after taxation was $270 million and operating cash flow was $986 million. The result was driven by operating revenue growth of 5.3%, which was offset by a $191 million increase in the price of fuel, as well as a temporary increase in operating costs as the airline sought to improve network resiliency for its customers in the face of the global Rolls-Royce engine issues. Operating