Air New Zealand Profit Warning: Weaker Bookings and Higher Costs Impact Annual Profits
Air New Zealand has issued a profit warning due to weaker than expected bookings, higher costs, and the global recall of Pratt & Whitney jet engines. The airline stated that both economic and operational conditions have worsened, and as a result, it anticipates a significant drop in performance for the first half of the year ending in June compared to the previous six months.
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