Air New Zealand Ltd (AIR.NZ)
18 Feb 2019
Jan 30 Australian shares edged higher on Wednesday, as a surge in iron ore prices boosted mining stocks, though investors remained cautious ahead of Sino-U.S. trade talks and the Federal Reserve's policy review due later in the day.
WELLINGTON/SINGAPORE Air New Zealand Ltd lowered its profit outlook by as much as 30 percent on Wednesday as it forecast revenue growth would ease due to weaker tourism, raising broader concerns about slowing arrivals to New Zealand and nearby Australia.
* Worries about slowing tourism, particularly from China - experts
Jan 30 Air New Zealand expects much weaker revenue growth and profit in its 2019 financial year, it said on Wednesday, citing higher costs after problems with some Rolls-Royce engines.
Dec 7 Employees at Air New Zealand are planning to go on strike just four days before Christmas, the company said in a statement, a move that could affect thousands of customers in the peak travel season.
Air New Zealand Ltd warned on Wednesday higher than expected jet fuel prices could hurt profitability in 2019.
BANGKOK Struggling national carrier Thai Airways International PCL is pinning hopes of a revival to its 1990s heyday on a new leadership team, jet purchases and improving its brand as tourism booms in the region.
WELLINGTON New Zealand Prime Minister Jacinda Ardern on Tuesday responded to firms' sinking confidence by announcing the formation of a business council, led by Air New Zealand Chief Executive Christopher Luxon, to advise her on major issues facing the economy.
WELLINGTON, Aug 28 New Zealand Prime Minister Jacinda Ardern on Tuesday responded to firms' sinking confidence by announcing the formation of a business council, led by Air New Zealand Chief Executive Christopher Luxon, to advise her on major issues facing the economy.
* Airbus receives 2 A321neo orders (Recasts, adds CEO, broker comments)