Air New Zealand reiterates target for 2013 pretax earnings to more than double

Wed, 28 Nov 2012

Nov. 28 (BusinessDesk) - Air New Zealand, the airline slated for a selldown by its government owner, has reiterated its target for full-year earnings to more than double, driven by a rebound in the first six months of the year. The shares rose after the announcement. The Auckland-based company first gave the forecast with the release in late August of its full-year results, saying it was based on the assumption of market demand and fuel prices at elevated levels. Normalised earnings before tax were $91 million in 2012, so the prediction impli...

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