No, £94 is the end of year annual profit. The financial year is different in NZ. Yes, the majority of the profit comes from long haul. But there is also a lot of competition from other internation carriers bringing in people / taking them away. Plus, there are also LCCs competing with ANZ (such as Jetstar) which they have to compete with.

But I do agree it must be tough for ‘legacy’ carries in Europe. Great for passengers though, who can shop around for cheaper fares.