Air NZ profit warning follows plane upgrade announcements

Mon, 27 May 2019

By Pattrick Smellie May 27 (BusinessDesk) - High aviation fuel prices have knocked up to $60 million off Air New Zealand's forecast pre-tax profits in just two months. The airline has dropped guidance for earnings this financial year to bottom of its previously announced range. "Based on the current market environment and reflecting an additional approximately $25 million headwind from increased jet fuel prices (assuming an average price for the second half of the year of US$78 per barrel), we are targeting 2019 earnings before taxatio...

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