Air NZ shares edge up as earnings outlook hangs over record 2016 result

Fri, 26 Aug 2016

By Fiona Rotherham Aug. 26 (BusinessDesk) - Air New Zealand’s shares have bounced around in sharemarket trading today despite reporting record full-year earnings as the country's largest airline warned of an earnings drop ahead due to growth in international carriers also wanting to cash in on New Zealand’s tourism boom while fuel prices remain low. The shares were recently up 0.5 percent at $2.24, having traded between $2.155 and $2.27 since trading opened today. Air New Zealand reported record financial results for the year ended Jun...

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