Air New Zealand Limited (ANZFF) has released an update.
Air New Zealand has lowered its earnings forecast for the 2024 financial year from the previously estimated $200-$240 million to now between $190-$230 million. The adjustment is due to worsening market conditions, including softer revenue, competitive pressures from US carriers, and a significant decrease in domestic demand. Additionally, the airline has increased its expected Covid-related credit breakage benefit from $20 million to $50 million for the second half of the year.
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