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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.

Will Mace Thu, 14 Dec 2023

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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Will Mace Thu, 14 Dec 2023
Contact the Writer: william@nbr.co.nz
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Air NZ’s earnings guidance prompts Forbar downgrade
Investment,
102149
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