Air NZ reiterates warning to shareholders of increased competition

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...

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