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(Adds details on second-half earnings in paragraph 3, background in paragraph 4)
Dec 13 (Reuters) - Air New Zealand said on Wednesday it expects first-half earnings to be at the lower end of its forecast, due to weak travel demand and increased competition from U.S. carriers.
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.
The company said it also expects the second half of th...
>>> Read more: UPDATE 1-Air New Zealand sees first-half earnings at lower end of forecast
Dec 13 (Reuters) - Air New Zealand said on Wednesday it expects first-half earnings to be at the lower end of its forecast, due to weak travel demand and increased competition from U.S. carriers.
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.
The company said it also expects the second half of th...
>>> Read more: UPDATE 1-Air New Zealand sees first-half earnings at lower end of forecast
