Air New Zealand reconfirms that its expectations for the full year results are of a profit before unusuals and tax within the range of previous guidance.

At the time of announcing its half-year results in February, the Company reconfirmed its expectation of achieving a full year profit of $230 million. In response to the effects of SARS, that was revised to "around $200 million" in the company's announcement in late April.

"Recovery of bookings late in the financial year as the effects of SARS receded has increased our confidence that, although we have not yet finalised the financial statements, the final result will be comfortably on the positive side of $200 million," said Mr Ralph Norris, Managing Director and CEO.

NOTE: The content of all Air New Zealand media releases are accurate at the time of issue, as stated at the top of each release. For updates on any changes, please contact Air New Zealand.

Air New Zealand is proud to be a member of Star Alliance. The Star Alliance network was established in 1997 as the first truly global airline alliance to offer worldwide reach, recognition and seamless service to the international traveller. Its acceptance by the market has been recognised by numerous awards, including the Air Transport World Market Leadership Award, Best Airline Alliance by both Business Traveller Magazine and Skytrax. The member airlines are: Adria Airways, Air Canada, Air China, Air New Zealand, ANA, Asiana Airlines, Austrian, Blue1, bmi, Continental Airlines, Croatia Airlines, EGYPTAIR, LOT Polish Airlines, Lufthansa, Scandinavian Airlines, Shanghai Airlines, Singapore Airlines, South African Airways, Spanair, SWISS, TAP Portugal, Turkish Airlines, THAI, United and US Airways. Aegean Airlines, Air India, Brussels Airlines and TAM have been announced as future members. Overall, the Star Alliance network offers 19,500 daily flights to 1,071 airports in 171 countries.

For more information about Air New Zealand visit www.airnewzealand.com and for more information about Star Alliance visit www.staralliance.com.