In its full-year results for 2016 the carrier reported net profit after taxation of NZ$463 million in the year to June 30.
Operating revenue was reported at NZ$5.2 billion, up 6.2%.
The ordinary dividend for the year increased 25% to NZ$0.20 and a special dividend of NZ$0.25 was also paid in the period.
The board has awarded a Company Performance Bonus of up to NZ$2,500 that will be paid next week to 8,200 Air New Zealand staff.
Chairman Tony Carter said: “We recognise the importance of working collaboratively with our unions through our High Performance Engagement programme to achieve results that benefit both our business and our people.
