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)

Thu, 12 Oct 2023

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...

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