Air NZ lifts earnings guidance range on strong demand

Air NZ lifts earnings guidance range on strong demand
US dollar jet fuel prices have declined, helping the airline's bottom line. (Image: Getty)
Rebecca Howard
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...

More Markets

NZ sharemarket continues see-sawing, down 0.5%
Markets Market close

NZ sharemarket continues see-sawing, down 0.5%

The S&P/NZX 50 Index and it closed at 12,674.49, down 74.87 points or 0.59%

Graham Skellern 13 Nov 2024
Fletcher finalises industry response to pipe problem
Infrastructure

Fletcher finalises industry response to pipe problem

Fletcher Building said today it had finalised an industry response to its Iplex pipes division issue.The building materials giant has faced a number of product quality complaints relating to a hot and cold water polybutylene pipe product it previously manufactured.Its proposed se...

Victoria Young 13 Nov 2024
Higher likelihood of record Fonterra milk price: BNZ
Primary Sector

Higher likelihood of record Fonterra milk price: BNZ

However, on-farm expenses have increased since the payout's last peak.

Riley Kennedy 13 Nov 2024
Trump-trading boosts NZX Bitcoin ETF volumes
Finance

Trump-trading boosts NZX Bitcoin ETF volumes

President-elect Donald Trump wants to make the US ‘the crypto capital of the planet’.

Gregor Thompson 13 Nov 2024