Air NZ ups profit outlook on strong bookings, cheaper fuel

Air NZ ups profit outlook on strong bookings, cheaper fuel
Two new A321neo aircraft will add 220,000 extra seats to Air NZ's domestic capacity in the year ahead. (Image: Air NZ)
Staff reporters
Air New Zealand is substantially upgrading and narrowing the range of its guidance for earnings in the first half of the current financial year, although it remains wary about the full-year outlook.The national carrier expects earnings before tax and “other significant items” to come in at between $275 million and $325m in the six months to Dec 31.That compares with a range of between $200m and $275m cited in an update in September.Lower aviation fuel prices have contributed about $20m to the improvement. The airline is forecasting...

More Markets

Stephen Tindall supports Warehouse takeover offer
Retail

Stephen Tindall supports Warehouse takeover offer

Bid from Australian private equity firm values shares at between $1.50 and $1.70.

Biden's big news, IT outage drags ASX to 11-day low
Markets ASX MARKET WRAP

Biden's big news, IT outage drags ASX to 11-day low

The ASX200 dropped 0.5% as US President Joe Biden stood down from his re-election bid.

AAP 8:00am
The change of heart behind Arvida’s US private equity buyout
Property

The change of heart behind Arvida’s US private equity buyout

The company’s share price rose 55% after the announcement.

NZ dollar at 11-week low on pending rate cuts, Biden's exit
Economy

NZ dollar at 11-week low on pending rate cuts, Biden's exit

The kiwi was trading below 60 US cents late Monday in Wellington.