Air NZ issues profit downgrade on soft conditions

Air NZ issues profit downgrade on soft conditions
Air New Zealand said the North American market was difficult (Image: Getty)
Victoria Young
Air New Zealand said full-year earnings before tax will likely be between $190 million and $230m due to softer revenue conditions.The national carrier’s February guidance had been between $200m to $240m.“Since providing that guidance, Air New Zealand has continued to see softening in revenue conditions over the fourth quarter both domestically and on the North American market,” the company said in an NZ stock exchange (NZX) announcement this morning.“Domestic performance has seen ongoing softening, with challenging econo...

More Markets

Why MCK’s failed takeover lost Sharesies a customer
Markets

Why MCK’s failed takeover lost Sharesies a customer

This former Sharesies user made bank on MCK, but is leaving the platform anyway.

Analysts eye upside in property sector as values stabilise
Property

Analysts eye upside in property sector as values stabilise

On average, listed property companies are trading at a 22% discount to NTA.

Inside Ebos’s ‘revolutionary’ $1.1 billion deal
Markets

Inside Ebos’s ‘revolutionary’ $1.1 billion deal

In 2013, Ebos swallowed a giant. Now it’s the end of an era.

Ebos’ index weight grows; NZX 50 drops 0.7%
Markets Market Close

Ebos’ index weight grows; NZX 50 drops 0.7%

The a2 Milk Company sunk about 5%.

Gregor Thompson 03 Jun 2025