Air New Zealand has revised its full-year guidance, citing softening revenue conditions.
The airline now expects underlying profitability for the 2024 financial year to be approximately $40m to $50m lower.
This is due to ongoing economic challenges, cost-of-living pressures, and subdued demand from the government and corporate sectors domestically.
In addition, the North American market has been impacted by competitive pricing pressures.
As a result of these factors, Air New Zealand anticipates earnings before taxation for the 2024 financial year to be in the range of $190m to $230m.
The company will continue to monitor the evolving market conditions.
See more
