Auck Airport slashes guidance on Trump travel ban; THL ditches forecast

Fri, 13 Mar 2020

Auckland International Airport has slashed its full-year earnings guidance by as much as 22 percent and Tourism Holdings has withdrawn its forecast altogether because of the economic uncertainty created by the coronavirus crisis.The downgrades come as the iconic US Dow Jones index closed down 10 percent, its worst day since Black Monday in 1987. The broader measure of the US market, the S&P 500 Index, sank 9.5 percent.After US President Donald Trump announced a ban on travellers from Europe yesterday, both companies warned their earnings we...

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