Air NZ on course for jumbo NZ$600m profit
Air NZ is on course for a bumper profit of around NZ$600m for the past year after riding the travel boom that's feeding high passenger loads on to its growing domestic and international network. Lower fuel prices and holding costs throughout the business are also helping the airline but the threat of rising oil prices and growing competition are expected to bite into the airline's performance this year. Result for the financial year to the end of June are expected Friday and analysts at Credit Suisse are forecasting a profit spike of around 80% to a record of up to $601m. Pre-tax estimates range from $835m to $858m but both Goldman Sachs and Credit Suisse warn that growing competition will affect the airline in the current financial year, especially on Chinese and US routes. <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2016-08-22/star/air-nz-on-course-for-jumbo-nz-600m-profit
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Air NZ on course for jumbo NZ$600m profit
Air NZ is on course for a bumper profit of around NZ$600m for the past year after riding the travel boom that's feeding high passenger loads on to its growing domestic and international network. Lower fuel prices and holding costs throughout the business are also helping the airline but the threat of rising oil prices and growing competition are expected to bite into the airline's performance this year. Result for the financial year to the end of June are expected Friday and analysts at Credit Suisse are forecasting a profit spike of around 80% to a record of up to $601m. Pre-tax estimates range from $835m to $858m but both Goldman Sachs and Credit Suisse warn that growing competition will affect the airline in the current financial year, especially on Chinese and US routes. <br/>
