Air NZ lifts earnings guidance range on strong demand

US dollar jet fuel prices have declined, helping the airline's bottom line. (Image: Getty)

Thu, 27 Apr 2023

Air New Zealand lifted its earnings guidance range for the current financial year on the back of strong domestic and international demand.It now expects earnings before other significant items and taxation for the year to June 30 to be in the range of $510 million to $560 million.This compares with the prior guidance range of $450 million to $530 million.It is also a massive turnaround from a loss before other significant items and taxation of $725 million in the year to June 30, 2022.Together with demand, the airline noted US dollar jet fuel p...

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