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By Echha Jain
(Reuters) - Air New Zealand said on Wednesday it expects its first-half earnings to be at the lower end of its forecast, due to weak travel demand and increased competition from U.S. carrier.
New Zealand's flagship carrier had earlier forecast earnings before tax for the six months ended Dec. 31 between NZ$180 million ($110.34 million) and NZ$230 million.
For the same period last year, the carrier had reported a higher statutory profit before tax of NZ$299 million.
"Early signs...
>>> Read more: Air NZ sees first-half earnings at lower end of forecast
(Reuters) - Air New Zealand said on Wednesday it expects its first-half earnings to be at the lower end of its forecast, due to weak travel demand and increased competition from U.S. carrier.
New Zealand's flagship carrier had earlier forecast earnings before tax for the six months ended Dec. 31 between NZ$180 million ($110.34 million) and NZ$230 million.
For the same period last year, the carrier had reported a higher statutory profit before tax of NZ$299 million.
"Early signs...
>>> Read more: Air NZ sees first-half earnings at lower end of forecast
