Profit Downgrade Spurs Air New Zealand Review

Credit: Rob Finlayson
Air New Zealand has downgraded its profit guidance due to softening demand, prompting the airline to launch a wide-ranging review of its business.The carrier now projects it will report a pre-tax profit of NZ$340-400 million ($233-274 million) for the full fiscal 2019 through June 30. This is down...

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