Air NZ sees headwinds from competition, capacity in 2017 after strong 2016

Mon, 02 May 2016

By Jonathan Underhill May 3 (BusinessDesk) - Air New Zealand says its 2017 earnings won't match the $800 million it has forecast for 2016 as the airline faces increased competition and gets less benefit from foreign exchange hedging. The Auckland-based airline faces some near-term challenges that will have an impact on the 2017 results, according to an investor day presentation. It didn't quantify the impact of increased competition but said the benefit of foreign exchange hedges in 2017 will be about $120 million less than in 2016. While...

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