Nznac Expects Profit
p. 139 · Read in the full issue
On Year’S Working
NEW Zealand National Airways Corporation, the Government owned organisation operating the Auckland-Norfolk Island link as well as most of New Zealand’s internal air services, expected to show a small profit in its operations for the year ended on March 31.
Revenue was up by £270,000. Air port dues, which came into force on April 1, 1954, would cost the Corporation about £lOO,OOO, but against that was an increase in fares since January 1, 1955.
There were premature rumours at Auckland some months ago that TEAL would take over the Norfolk service immediately, but that has not eventuated, though it is still predicted to take place. The change-over may have been delayed by TEAL’S more pressing problems on the Coral Route.