Air New Zealand targeting earnings of $350m-$450m

18Sep

Air New Zealand targeting earnings of $350m-$450m

 

Air New Zealand (ASX:AIZ) released their investor update for August saying that based upon current market conditions and assuming an average jet fuel price of US$75 per barrel, the airline is targeting earnings before taxation to be in the range of $350 million to $450 million.

This outlook excludes the impact of the new accounting standard for leases.

The number of passengers carried in August is up 2.2 per cent on the same time last year.

Fully imputed final dividend of 11.0 cents per share, resulting in annual ordinary dividends of 22.0 cents per share

Shares in Air New Zealand (ASX:AIZ) closed 1.61 per cent higher at $2.52
 
Copyright 2019 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

04Nov

Westpac (ASX:WBC) profit drops 16 per cent in “disappointing year”

04 Nov 2019 - Westpac (ASX:WBC) has announced a 16 per cent slide in statutory net profit to $6.8 billion for the 2019 full year.

Read More
10Mar

Treasury Wine Estates (ASX:TWE) reaches a long-term agreement with The Wine Group

10 Mar 2021 - Treasury Wine Estates (ASX:TWE) has reached an agreement with The Wine Group in relation to several of TWE’s commercial tier brands from its US portfolio.

Read More
26Mar

Board terminates Mineral Commodities (ASX:MRC) CEO

26 Mar 2021 - The Board of Mineral Commodities (ASX:MRC) has terminated its CEO Mark Caruso.

Read More
15Feb

Centuria Capital Group (ASX:CNI) settles Paramatta office tower

14 Feb 2020 - Centuria Capital Group (ASX:CNI) says their subsidiary, Centuria Property Funds has settled Parramatta office tower for $105.3 million, following the completion of the closed-ended fund’s five-year term.

Read More
31Mar

Wesfarmers (ASX:WES) to sell 5.2% of issued capital in Coles

31 Mar 2020 - Wesfarmers (ASX:WES) today announced that trades have been executed for the sale of 5.2 per cent of the issued capital in Coles Group (ASX:COL) for $1.06 billion.

Read More
16Nov

CSL (ASX:CSL) to build a new vaccine manufacturing plant

16 Nov 2020 - Global biotechnology leader CSL (ASX:CSL) today announced that Seqirus, a wholly owned subsidiary of CSL, plans to invest more than $800 million in the construction of a new biotech manufacturing facility in Melbourne.

Read More
08Apr

Cochlear (ASX:COH) sees FDA approval for Remote Check

08 Apr 2020 - Implantable hearing solutions company Cochlear (ASX:COH) has obtained US Food and Drug Administration (FDA) approval for its Remote Check solution.

Read More
18Feb

Origin Energy’s (ASX:ORG) profit falls to $13 million

18 Feb 2021 - Origin Energy (ASX:ORG) reports a 10 per cent drop in revenue to $6.1 billion with their total profit for falling 98 per cent to $13 million for the half year ending 31 December 2020.

Read More
10Feb

Insurance Australia Group (ASX:IAG) reports a $460 million loss

10 Feb 2021 - Insurance Australia Group (ASX:IAG) reports a $460 million loss for the first half of the 2021 financial year – last half they made $283.

Read More
20Sep

DGR reiterates support for Aus Tin Mining

20 Sep 2019 - Aus Tin Mining (ASX:ANW) has announced a strategic review of the Granville operation. Meanwhile, DGR Global has reiterated its backing in a letter of funding support to the company for $1M over 12 months.

Read More