Air New Zealand has warned its fortunes will reverse in the next six months as competition returns, corporate bookings remain soft and delivery of new planes stalls.
As Qantas prepares to hand down its financial results for the first half of the financial year on Thursday, the New Zealand carrier reaffirmed earnings for the six months to December 31 at the lower end of its $180 million to $230 million guidance.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
