24-Apr-2008 10:23 AM
Air New Zealand lowers FY year earnings guidance as fuel costs rise
Analysis
Sydney (Thomson Financial) - New Zealand flag carrier Air New Zealand Ltd. said on Wednesday it has lowered its earnings guidance for the year to June because of rising fuel costs. The nation's largest airline said its full year profit before tax and one-off items could fall as much as 23 percent, revising previous guidance on Feb. 29 that it expected to better 2007 normalised earnings before tax and one-off items of NZ$259 million.
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