Competitive risk threatens Air NZ’s future earnings
Low fuel prices have been kind to Air NZ – but also to its competitors.
Calida Smylie Thu, 25 Feb 2016
Air New Zealand [NZX: AIR] has posted a strong result but warns competition levels are getting back to normal.
The national carrier reported pre-tax first-half profit up 132% to $457 million helped by lower fuel prices, a rise in tourist numbers and efficiencies from its new fleet. Net profit rose