Air New Zealand says it now expects to make a first-half loss of about $30 million to $55 million, before tax.

It's just provided a trading update to the NZX.

The national carrier says it expected a two to three percent uplift in revenue across domestic and US-bound bookings.

However, this hasn't materialised and isn't evidenced in future bookings.

NZ Shareholders Association head Oliver Mander says the engine issues and ongoing economic downturn are the main factors behind these changes. 

LISTEN ABOVE

Air New Zealand says it now expects to make a first-half loss of about $30 million to $55 million, before tax.
It's just provided a trading update to the NZX.
The national carrier says it expected a two to three percent uplift in revenue across domestic and US-bound bookings.
However, this hasn't materialised and isn't evidenced in future bookings.
NZ Shareholders Association head Oliver Mander says the engine issues and ongoing economic downturn are the main factors behind these changes.&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Oliver Mander: NZ Shareholders Association spokesperson on Air NZ downgrading earnings expectations

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d74457e3-5fc6-4db7-8341-b37e0066a042/transcript