Air NZ reiterates warning to shareholders of increased competition

Fiona Rotherham
Fri, 30 Sep 2016

By Fiona Rotherham Sept. 30 (BusinessDesk) - Air New Zealand, the country’s national airline, reiterated its warning to shareholders that increased competition will hurt revenue this financial year. Addressing the company’s annual meeting in Christchurch today, chief executive Christopher Luxon said the airline will see a return to “more normal” competitive market conditions this financial year. The company has forecast 2017 earnings before tax will be more subdued in the range of $400 million to $600 million, based on a fuel price of...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Opinion
Putin's war is a challenge to global corporate conscience
David Brain | Sat, 28 May 2022

Global businesses with strong retail brands appear the most likely to stop doing business in Russia altogether, but there are holdouts.

On the Money
ON THE MONEY: Greg Foran, Straker and Ryman Healthcare
Victoria Young | Sat, 28 May 2022

OTM this week: The PM’s US tour, Grant Robertson’s golden rules, Greg Foran and more.

Politics
Sydney firm to build NZ Police’s arms information system
Ava Bradley | Fri, 27 May 2022

The company’s software will provide a secure digital database of all firearms transactions and legally owned firearms in NZ and is estimated to bring in $13 million for the ASX-listed company.

Partner content
Small business lessons for attracting and retaining staff

Employers battling through the ‘Great Resignation’ are now faced with the ‘Great Brain Drain’.

Partner content
People leaders are key to wellbeing but still need help

One in three people say they have experienced an issue with an unsupportive manager