Analysts sour on Air New Zealand

Air New Zealand has lowered its full-year guidance. (Image: Getty)

Wed, 24 Apr 2024

Analysts are more downbeat about Air New Zealand’s prospects after the national carrier lowered its full-year guidance, with some even tipping an underlying loss in the second half.Early this week, Air NZ lowered its FY24 earnings before tax range to $190-230 million, citing softer revenue conditions. Previous guidance had been $200-$240m. Jarden analysts now expect it to post an underlying loss in the second half.According to Jarden analysts Grant Lowe and James Stanners, given the updated guidance included an additional $30m benefi...

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