Air NZ shrugs off rising fuels costs, still sees increased earnings

Paul McBeth
Wed, 13 Jun 2018

By Paul McBeth June 14 (BusinessDesk) - Air New Zealand still expects annual earnings to beat last year's result despite the squeeze from rising fuel costs, which it sees as an ongoing headwind into 2019. The Auckland-based national carrier today reaffirmed guidance for pre-tax earnings of more than $527 million in the year ending June 30, beating what it reported in 2017. The airline told investors at a briefing in Auckland it expects annual fuel costs of $990 million at US$75 per barrel. The average jet fuel price in the 2016 and 2017 y...

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