27-Aug-2009 1:05 PM
Air New Zealand faces revenue crunch
Analysis
Air New Zealand suffered a NZD7 million loss before tax in the second half of its financial year ended 30-Jun-2009 and warned airline sector earnings "will not achieve a satisfactory commercial performance" until supply is aligned with demand. Air New Zealand's rivals are unlikely to slow their competitive assault on the flag carrier, having made significant market share and revenue gains in recent months.
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