Air New Zealand downgrades earnings, again
Ayesha de KretserSenior reporter
Updated
Air New Zealand has blamed weak domestic demand and increased competition on North American routes for another downgrade to earnings guidance this financial year.
Air NZ now expects underlying earnings for 2023-24 of $NZ190 million ($175 million) to $NZ230 million, a stunning decline after its first-half result of $NZ185 million.
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