Air New Zealand has seen earnings before tax increase to NZ$139 million throughout the first 1/2 financial 2013, up from NZ$33 million last year.
After tax net profit on the flag-carrier increased NZ$62 million to NZ$100 million.
Airline chairman John Palmer described the interim profit result as excellent progress given the present economy.
“This is the most effective interim profit result for 5 years.
“The substantial change programme the airline have been implementing has positioned the business for consistent growth and sustainable profitability over the arrival years,” Palmer explained.
Air New Zealand has responded to sluggish global demand by cutting costs, using more fuel-efficient planes and abandoning some unprofitable routes.
Its long-haul unit made a profit for the primary time because the global financial crisis started five years ago, in response to the statement.