Air New Zealand Limited (AIZ) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

welcome to the air new zealand 2024 interim results call during the presentation your phone lines will be placed on listen only until the question and answer session please refrain from asking questions until that time and with that i will turn the call over to air new zealand's head of investor relations kim coots Thank you and good morning everyone. Today's call is being recorded and will be accessible for future playback on our Investor Centre website, which you can find at www.earnewzealand.co.nz forward slash Investor Centre. Also on the website you can find our interim results presentation, the interim financial report and media release, as well as other relevant disclosures. Speaking on the call today will be Chief Executive Officer Greg Foran and Chief Financial Officer Richard Thompson. Layla Peters, our GM of Corporate Finance, will also join us for the Q&A session. I would like to take a moment to remind you our comments today will include certain forward-looking statements regarding our future expectations, which may differ from actual results. We ask you read through the disclaimer, and in particular the forward-looking cautionary statement provided on slide two of the presentation. I will now hand the call over to Greg. Thank you, Kim. Kia ora. Good morning, everyone, and thanks for joining us on today's call. Earlier today, we released our interim results to the market announcing earnings before taxation of $185 million and net profit after taxation of $129 million. This is in line with the guidance we provided back in December and reflects an expected reduction in earnings compared to the prior period. where pent-up levels of demand in a capacity-constrained environment drove a very strong performance. On the back of our result, and taking into accoun...