Air NZ guides up to $390m pre-tax loss; no cap raise plans
The airline is reviewing upcoming capital expenditure.
The airline had cut overall capacity by about 3% to 5% in recent months.
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Air New Zealand now forecasts a full-year loss before tax of between $340 million and $390m because of the Iran war and volatility in jet fuel prices.
In a market update this morning, the airline said the forecast was based on current trading conditions and an assumed average jet fuel price of
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