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Air New Zealand treats staff to a share of record profits

Air New Zealand joins Qantas in the 'best employer ever' book this week, after confirming it's giving its staff a round of bonuses for their roles in delivering record results.

Air New Zealand joins Qantas in the ‘best employer ever’ book this week, after confirming it’s giving its staff a round of bonuses for their roles in delivering record results.

The Kiwi carrier today revealed record earnings, record net profit before tax, record net profit after tax and record customer satisfaction for the year ending 30 June 2016.

Earnings rose by 70 percent to sit around $806 million, up from $474 million in the prior year. This contributed to the 40 percent jump in net profit before tax to $663 million and 42 percent jump in net profit after tax to $463 million.

Air New Zealand

Unsurprisingly, the large leaps in profits meant Qantas wasn’t the only one to break its own records this year, with Air New Zealand also reporting its “best results ever” in its entire 76-year history.

“These are the best results ever in our 76-year history and I am extremely proud of the airline’s achievements, our people and the contribution we make to super charging New Zealand’s success.”

Christopher Luxon, Air New Zealand Chief Executive

The good news follows the carrier’s recent international network expansion to include new routes between New Zealand and the US, South America and Asia. It also comes after the carrier sold its shares in Virgin Australia in order to focus on its own growth.

In recognition of staff contribution to today’s announcement, the Board has awarded a Company Performance Bonus of up to $2,500 that will be paid to 8,200 Air New Zealanders.

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Staff able to collect the bonus are those who don’t already have other incentive programmes as part of their employment agreement.

Wonder what they’ll do with those bonuses, we imagine a few of them will walk around with cheque in hand like…

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Additionally, the carrier is giving its government some $260 million in total dividends and will pay income tax of around $200 million for the year.

Are you suddenly considering a career switch to aviation?