Air NZ lifts full-year guidance on lower jet-fuel prices, revenue pickup

Thu, 01 Jun 2017

By Rebecca Howard June 1 (BusinessDesk) - Air New Zealand lifted its full-year guidance at an investor day presentation as it benefits from lower jet fuel prices and improving revenue. Based on the current market environment and jet fuel prices the company said its 2017 earnings before taxation are likely to exceed $525 million. In February it said its 2017 earnings before taxation would be in a range of $475 million to $525 million. Chief executive Christopher Luxon pointed a significant fuel benefit and increase revenues as the main...

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