Air New Zealand more upbeat about future, says competition may have peaked

Thu, 23 Feb 2017

By Rebecca Howard Feb. 23 (BusinessDesk) - Air New Zealand expects revenues to improve over the second half and into the following financial year as competition shows signs of stabilising. "We do believe we are at the high water tide mark in terms of new competitors coming into the market place," chief executive Christopher Luxon said on a conference call for investors and analysts after the company reported a 24 percent slide in first-half pre-tax profit to $349 million, largely due to new competition. The airline is targeting 2017...

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