Economic RisksAn economic contraction is viewed as a challenging environment in which to sell up-market offerings to more price-sensitive consumers.
Profitability ConcernsThe airline is not expected to generate pre-tax profits in FY25 or FY26, maintaining a Hold rating and a $3 price target.
Revenue Growth ChallengesManagement now expects revenue growth of 5% versus consensus of 13.8%, a pre-tax margin of -5% versus consensus of -1.2%, and a net loss per share between ($0.20) and ($0.24) versus consensus of ($0.04).