Analyst warns Air New Zealand may be in for more pain

Thu, 31 Jan 2019

By Paul McBeth Jan. 31 (BusinessDesk) - First NZ Capital analyst Andrew Steele warns Air New Zealand's earnings may come under more strain if the airline's weaker-than-expected bookings are a sign of consumer malaise. The national carrier yesterday downgraded its annual earnings outlook, citing ongoing global woes with certain Rolls Royce engines that have disrupted schedules. Air New Zealand also noted revenue growth will be lower than expected due to smaller increases in the domestic market - where the airline dominates - and softer in...

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