Air NZ lifts earnings guidance range on strong demand

Air NZ lifts earnings guidance range on strong demand
US dollar jet fuel prices have declined, helping the airline's bottom line. (Image: Getty)
Rebecca Howard
Air New Zealand lifted its earnings guidance range for the current financial year on the back of strong domestic and international demand.It now expects earnings before other significant items and taxation for the year to June 30 to be in the range of $510 million to $560 million.This compares with the prior guidance range of $450 million to $530 million.It is also a massive turnaround from a loss before other significant items and taxation of $725 million in the year to June 30, 2022.Together with demand, the airline noted US dollar jet fuel p...

More Markets

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024