Air NZ battling higher costs with weak dollar and rising fuel prices

Air NZ battling higher costs with weak dollar and rising fuel prices
Engine issues with its 16 A320/321NEO aircraft are expected to hamper Air NZ's performance. (Image: Air NZ)
Rebecca Stevenson
Higher costs are weighing on Air New Zealand, an analyst says, as it releases guidance for its half-year result below market expectations. On Thursday morning, the national carrier said it was seeing softness in the domestic travel market and warned its performance could be impacted by volatile fuel prices, currency fluctuations and ongoing inflationary pressures. It said earnings before tax for the first half of the 2024 financial year to Dec 31 could be between $180 million and $230m.  That compared to earnings before other sig...

More Markets

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025
Forsyth Barr shifts Turners Automotive to neutral
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Rebecca Howard 04 Jul 2025
Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Gregor Thompson 04 Jul 2025