Air NZ shares sink to seven-month low on prospect of more Jetstar rivalry

Wed, 17 Jun 2015

By Paul McBeth June 18 (BusinessDesk) - Air New Zealand shares sank to their lowest level since November last year ahead of an announcement from Qantas Airways' budget subsidiary Jetstar that it plans to expand its local offering. The national carrier's shares fell as low as $2.35 and were recently down 10 percent to $2.38 ahead of a scheduled 2pm announcement by Jetstar over the expansion to its domestic New Zealand operations. The announcement will feature statements from Qantas chief executive Alan Joyce and New Zealand Prime Minister...

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