Analysts revise down Air NZ share price and earnings targets

Mon, 29 Aug 2016

By Fiona Rotherham Aug. 29 (BusinessDesk) - Analysts have revised their earnings expectations and valuations for Air New Zealand following a forecast profit drop in 2017, with Craigs Investment Partners analyst Matt Peek describing the 2016 financial year as a “nice take-off, bumpy landing”. The country’s largest airline reported record financial results for the June year last Friday, with pre-tax profit before significant items up 70 percent to $806 million, in line with the effects of a tourism boom, fleet efficiencies, and lower fuel p...

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