The S&P/NZX 50 Index closed down 0.53% or 71.407 points to 13,306.44.
New directors say shareholders are right to expect more, and they intend to deliver.
According to Air NZ, it had anticipated a 2% to 3% revenue uplift.
Bougen said some of his previous statements "may have been ambiguous".
Easing trade tensions isn’t helping the NZ dollar.
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