Air NZ issues profit downgrade on soft conditions

Air New Zealand said the North American market was difficult (Image: Getty)

Mon, 22 Apr 2024

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...

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