Analysts pick higher Air NZ share price after airline lifts first-half guidance

Sun, 11 Oct 2015

By Fiona Rotherham Oct. 12 (BusinessDesk) - Air New Zealand’s share price and analysts’ target price for the stock have risen after the airline forecast a boost in first-half earnings at last week’s annual meeting driven by increased demand, higher tourist numbers, and lower fuel costs. The company expects earnings before tax and excluding any equity accounting from its stake in Virgin Australia will rise 85 percent to $400 million in the six months ending Dec. 31. The share price has gained 8 percent since before the AGM last Wednesda...

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