BUSINESS | The Airbus has landed in Cambodia

Ground staff at Phnom Penh International Airport walk past a new Airbus A321 delivered Wednesday to the Kingdom's new national carrier Cambodia Angkor Air. The airline - a joint venture between the Cambodian government and Vietnam Airlines - plans to use the aircraft to expand its services. The Airbus will begin flights on Saturday, an official said Tuesday. Photo by Heng Chivoan. Source: The Phnom Penh Post, Thursday 3 September 2009.

BUSINESS | Air New Zealand profits plunge 90pc

National carrier Air New Zealand has unveiled a big slump in full year, normalised earnings to $145m, with bottom line net profits sinking 90pc to just $21m.

Analysts were forecasting a profit within the range of $65m to $113m. Last year's profit was $218m.

Key highlights

• Normalised earnings* before taxation of $145 million
• Normalised earnings* after taxation of $118 million
• Operating revenue down 1.2 per cent to $4.6 billion
• Passenger demand down 7.6 per cent
• Net cash position $1.6 billion, up 22 per cent
• Final dividend of 3.5 cents

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New Zealand Herald Thursday 27 August 2009