A 30% jump in pre-tax profits to NZ$332 million (£167.7 million) has been recorded by Air New Zealand for the year to June.
Net profit after tax for the period came to NZ$262 million, up 45% on the previous year.
The performance was the national carrier’s third consecutive year of earnings growth.
The carrier is the largest shareholder in Virgin Australia and recently won approval to form an alliance with Singapore Airlines.
Chief executive Christopher Luxton said: “This alliance is the third strategic revenue sharing alliance we have formed in recent years, following agreements with Virgin Australia and Cathay Pacific in 2012.
“Forming alliances with the right partners in the right markets is a key pillar of our ‘Go Beyond’ strategy.
“Strong alliances such as this provide us with a platform for sustainable growth, allowing us to open up new routes and markets across the Pacific Rim.”
He added: “We have a number of initiatives underway to further improve the customer experience, including induction of the Boeing 787-9 fleet, the refurbishment of our Boeing 777-200ER fleet, moving to new terminals and lounges in Los Angeles and London and multiple lounge upgrades across the network.”
The airline ordered 14 aircraft from Airbus in June at a combined list price of about $1.5 billion.