Analysts sour on Air New Zealand

Analysts sour on Air New Zealand
Air New Zealand has lowered its full-year guidance. (Image: Getty)
Rebecca Howard
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...

More Markets

Smart CEO Anna Scott resigns
Markets

Smart CEO Anna Scott resigns

Anna Scott will take up her new role on October 1.

Fonterra’s NZ milk collections hit five-year high
Primary Sector

Fonterra’s NZ milk collections hit five-year high

The increased production comes as forecast milk prices point to record levels.

Retailers say unseasonable weather compounded woes
Retail

Retailers say unseasonable weather compounded woes

The Warehouse Group and KMD Brands have both downgraded guidance in recent weeks.