Air NZ’s earnings guidance prompts Forbar downgrade
Airline indicated lower demand on short-haul routes, which analysts predict may spread to long-haul.
An Air New Zealand narrow body aircraft on the tarmac.
Air New Zealand’s equity has been downgraded from a ‘Neutral’ to ‘Underperform’ rating by Forsyth Barr’s analysts after the company told the market this week its first-half earnings would be “around the bottom end” of the range.
The NZX-listed airline told the market yesterday that
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