Air NZ's share price target lowered by Craigs analysts

Thu, 26 Jan 2017

By Edwin Mitson Jan. 26 (BusinessDesk) - Analysts at Craigs Investment Partners have downgraded the share price target for Air New Zealand and warned its earnings before tax is likely to come in at the lower end of expectations. On Wednesday, the airline published details of passenger revenue between July 1 and Dec. 31, 2016. Short haul passenger revenue through its preferred metric had fallen 6.3 percent, while long-haul passenger revenue had slumped 14.3 percent. Air New Zealand's preferred metric is passenger revenue divided by the to...

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